The jackpot for the Powerball draw on Mon Jun 8, 2026, is projected to be $225 Million, with an option for a cash payout of $100.3 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 Jun 8, 2026 |
|---|
| Draw Date | Mon Jun 8, 2026 | | Projected Jackpot | $225,000,000 | | Cash Value | $100,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $100,300,000 | | Federal Tax(24%) | $24,072,000 | | Additional Federal Tax | $12,999,330 | | State Tax(6%) | $6,018,000 | | Net Lumpsum Payment | $57,210,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,386,475 |
$1,213,326
$203,189 |
$1,969,960 |
| 2 |
$3,555,900 |
$1,276,013
$213,354 |
$2,066,533 |
| 3 |
$3,733,650 |
$1,341,781
$224,019 |
$2,167,850 |
| 4 |
$3,920,400 |
$1,410,878
$235,224 |
$2,274,298 |
| 5 |
$4,116,375 |
$1,483,389
$246,983 |
$2,386,003 |
| 6 |
$4,322,250 |
$1,559,563
$259,335 |
$2,503,352 |
| 7 |
$4,538,250 |
$1,639,483
$272,295 |
$2,626,472 |
| 8 |
$4,765,275 |
$1,723,482
$285,917 |
$2,755,876 |
| 9 |
$5,003,550 |
$1,811,644
$300,213 |
$2,891,693 |
| 10 |
$5,253,750 |
$1,904,218
$315,225 |
$3,034,307 |
| 11 |
$5,516,325 |
$2,001,371
$330,980 |
$3,183,974 |
| 12 |
$5,792,175 |
$2,103,435
$347,531 |
$3,341,209 |
| 13 |
$6,081,750 |
$2,210,578
$364,905 |
$3,506,267 |
| 14 |
$6,385,950 |
$2,323,132
$383,157 |
$3,679,661 |
| 15 |
$6,705,225 |
$2,441,264
$402,314 |
$3,861,647 |
| 16 |
$7,040,475 |
$2,565,306
$422,429 |
$4,052,740 |
| 17 |
$7,392,375 |
$2,695,509
$443,543 |
$4,253,323 |
| 18 |
$7,762,050 |
$2,832,289
$465,723 |
$4,464,038 |
| 19 |
$8,150,175 |
$2,975,895
$489,011 |
$4,685,269 |
| 20 |
$8,557,650 |
$3,126,661
$513,459 |
$4,917,530 |
| 21 |
$8,985,600 |
$3,285,002
$539,136 |
$5,161,462 |
| 22 |
$9,434,925 |
$3,451,253
$566,096 |
$5,417,576 |
| 23 |
$9,906,525 |
$3,625,745
$594,392 |
$5,686,388 |
| 24 |
$10,401,975 |
$3,809,061
$624,119 |
$5,968,795 |
| 25 |
$10,921,950 |
$4,001,452
$655,317 |
$6,265,181 |
| 26 |
$11,468,250 |
$4,203,583
$688,095 |
$6,576,572 |
| 27 |
$12,041,550 |
$4,415,704
$722,493 |
$6,903,353 |
| 28 |
$12,643,650 |
$4,638,481
$758,619 |
$7,246,550 |
| 29 |
$13,275,900 |
$4,872,413
$796,554 |
$7,606,933 |
| 30 |
$13,939,650 |
$5,118,001
$836,379 |
$7,985,270 |
|
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