The jackpot for the Powerball draw on Wed May 14, 2025, is projected to be $106 Million, with an option for a cash payout of $48.2 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Vermont residents, the state will deduct 6% from your lottery earnings.
| Vermont Powerball Jackpot/Cash Option for Wed May 14, 2025 |
|---|
| Draw Date | Wed May 14, 2025 | | Projected Jackpot | $106,000,000 | | Cash Value | $48,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $48,200,000 | | Federal Tax(24%) | $11,568,000 | | Additional Federal Tax | $6,226,330 | | State Tax(6%) | $2,892,000 | | Net Lumpsum Payment | $27,513,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,595,406 |
$550,631
$95,724 |
$949,051 |
| 2 |
$1,675,224 |
$580,163
$100,513 |
$994,548 |
| 3 |
$1,758,964 |
$611,147
$105,538 |
$1,042,279 |
| 4 |
$1,846,944 |
$643,700
$110,817 |
$1,092,427 |
| 5 |
$1,939,270 |
$677,860
$116,356 |
$1,145,054 |
| 6 |
$2,036,260 |
$713,747
$122,176 |
$1,200,337 |
| 7 |
$2,138,020 |
$751,398
$128,281 |
$1,258,341 |
| 8 |
$2,244,974 |
$790,971
$134,698 |
$1,319,305 |
| 9 |
$2,357,228 |
$832,505
$141,434 |
$1,383,289 |
| 10 |
$2,475,100 |
$876,117
$148,506 |
$1,450,477 |
| 11 |
$2,598,802 |
$921,887
$155,928 |
$1,520,987 |
| 12 |
$2,728,758 |
$969,971
$163,725 |
$1,595,062 |
| 13 |
$2,865,180 |
$1,020,447
$171,911 |
$1,672,822 |
| 14 |
$3,008,492 |
$1,073,472
$180,510 |
$1,754,510 |
| 15 |
$3,158,906 |
$1,129,126
$189,534 |
$1,840,246 |
| 16 |
$3,316,846 |
$1,187,563
$199,011 |
$1,930,272 |
| 17 |
$3,482,630 |
$1,248,903
$208,958 |
$2,024,769 |
| 18 |
$3,656,788 |
$1,313,342
$219,407 |
$2,124,039 |
| 19 |
$3,839,638 |
$1,380,996
$230,378 |
$2,228,264 |
| 20 |
$4,031,604 |
$1,452,024
$241,896 |
$2,337,684 |
| 21 |
$4,233,216 |
$1,526,620
$253,993 |
$2,452,603 |
| 22 |
$4,444,898 |
$1,604,943
$266,694 |
$2,573,261 |
| 23 |
$4,667,074 |
$1,687,148
$280,024 |
$2,699,902 |
| 24 |
$4,900,486 |
$1,773,510
$294,029 |
$2,832,947 |
| 25 |
$5,145,452 |
$1,864,148
$308,727 |
$2,972,577 |
| 26 |
$5,402,820 |
$1,959,374
$324,169 |
$3,119,277 |
| 27 |
$5,672,908 |
$2,059,306
$340,374 |
$3,273,228 |
| 28 |
$5,956,564 |
$2,164,259
$357,394 |
$3,434,911 |
| 29 |
$6,254,424 |
$2,274,467
$375,265 |
$3,604,692 |
| 30 |
$6,567,124 |
$2,390,166
$394,027 |
$3,782,931 |
|
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