The jackpot for the Powerball draw on Mon Feb 2, 2026, is projected to be $65 Million, with an option for a cash payout of $29.4 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 Mon Feb 2, 2026 |
|---|
| Draw Date | Mon Feb 2, 2026 | | Projected Jackpot | $65,000,000 | | Cash Value | $29,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $29,400,000 | | Federal Tax(24%) | $7,056,000 | | Additional Federal Tax | $3,782,330 | | State Tax(6%) | $1,764,000 | | Net Lumpsum Payment | $16,797,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$978,315 |
$322,307
$58,699 |
$597,309 |
| 2 |
$1,027,260 |
$340,417
$61,636 |
$625,207 |
| 3 |
$1,078,610 |
$359,416
$64,717 |
$654,477 |
| 4 |
$1,132,560 |
$379,378
$67,954 |
$685,228 |
| 5 |
$1,189,175 |
$400,325
$71,351 |
$717,499 |
| 6 |
$1,248,650 |
$422,331
$74,919 |
$751,400 |
| 7 |
$1,311,050 |
$445,419
$78,663 |
$786,968 |
| 8 |
$1,376,635 |
$469,685
$82,598 |
$824,352 |
| 9 |
$1,445,470 |
$495,154
$86,728 |
$863,588 |
| 10 |
$1,517,750 |
$521,898
$91,065 |
$904,787 |
| 11 |
$1,593,605 |
$549,964
$95,616 |
$948,025 |
| 12 |
$1,673,295 |
$579,450
$100,398 |
$993,447 |
| 13 |
$1,756,950 |
$610,402
$105,417 |
$1,041,131 |
| 14 |
$1,844,830 |
$642,917
$110,690 |
$1,091,223 |
| 15 |
$1,937,065 |
$677,044
$116,224 |
$1,143,797 |
| 16 |
$2,033,915 |
$712,879
$122,035 |
$1,199,001 |
| 17 |
$2,135,575 |
$750,493
$128,135 |
$1,256,947 |
| 18 |
$2,242,370 |
$790,007
$134,542 |
$1,317,821 |
| 19 |
$2,354,495 |
$831,494
$141,270 |
$1,381,731 |
| 20 |
$2,472,210 |
$875,048
$148,333 |
$1,448,829 |
| 21 |
$2,595,840 |
$920,791
$155,750 |
$1,519,299 |
| 22 |
$2,725,645 |
$968,819
$163,539 |
$1,593,287 |
| 23 |
$2,861,885 |
$1,019,228
$171,713 |
$1,670,944 |
| 24 |
$3,005,015 |
$1,072,186
$180,301 |
$1,752,528 |
| 25 |
$3,155,230 |
$1,127,765
$189,314 |
$1,838,151 |
| 26 |
$3,313,050 |
$1,186,159
$198,783 |
$1,928,108 |
| 27 |
$3,478,670 |
$1,247,438
$208,720 |
$2,022,512 |
| 28 |
$3,652,610 |
$1,311,796
$219,157 |
$2,121,657 |
| 29 |
$3,835,260 |
$1,379,377
$230,116 |
$2,225,767 |
| 30 |
$4,027,010 |
$1,450,324
$241,621 |
$2,335,065 |
|
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