The jackpot for the Powerball draw on Wed Jul 16, 2025, is projected to be $264 Million, with an option for a cash payout of $119.7 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 Jul 16, 2025 |
|---|
| Draw Date | Wed Jul 16, 2025 | | Projected Jackpot | $264,000,000 | | Cash Value | $119,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $119,700,000 | | Federal Tax(24%) | $28,728,000 | | Additional Federal Tax | $15,521,330 | | State Tax(6%) | $7,182,000 | | Net Lumpsum Payment | $68,268,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,973,464 |
$1,430,512
$238,408 |
$2,304,544 |
| 2 |
$4,172,256 |
$1,504,065
$250,335 |
$2,417,856 |
| 3 |
$4,380,816 |
$1,581,232
$262,849 |
$2,536,735 |
| 4 |
$4,599,936 |
$1,662,307
$275,996 |
$2,661,633 |
| 5 |
$4,829,880 |
$1,747,386
$289,793 |
$2,792,701 |
| 6 |
$5,071,440 |
$1,836,763
$304,286 |
$2,930,391 |
| 7 |
$5,324,880 |
$1,930,536
$319,493 |
$3,074,851 |
| 8 |
$5,591,256 |
$2,029,095
$335,475 |
$3,226,686 |
| 9 |
$5,870,832 |
$2,132,538
$352,250 |
$3,386,044 |
| 10 |
$6,164,400 |
$2,241,158
$369,864 |
$3,553,378 |
| 11 |
$6,472,488 |
$2,355,151
$388,349 |
$3,728,988 |
| 12 |
$6,796,152 |
$2,474,907
$407,769 |
$3,913,476 |
| 13 |
$7,135,920 |
$2,600,621
$428,155 |
$4,107,144 |
| 14 |
$7,492,848 |
$2,732,684
$449,571 |
$4,310,593 |
| 15 |
$7,867,464 |
$2,871,292
$472,048 |
$4,524,124 |
| 16 |
$8,260,824 |
$3,016,835
$495,649 |
$4,748,340 |
| 17 |
$8,673,720 |
$3,169,607
$520,423 |
$4,983,690 |
| 18 |
$9,107,472 |
$3,330,095
$546,448 |
$5,230,929 |
| 19 |
$9,562,872 |
$3,498,593
$573,772 |
$5,490,507 |
| 20 |
$10,040,976 |
$3,675,492
$602,459 |
$5,763,025 |
| 21 |
$10,543,104 |
$3,861,279
$632,586 |
$6,049,239 |
| 22 |
$11,070,312 |
$4,056,346
$664,219 |
$6,349,747 |
| 23 |
$11,623,656 |
$4,261,083
$697,419 |
$6,665,154 |
| 24 |
$12,204,984 |
$4,476,174
$732,299 |
$6,996,511 |
| 25 |
$12,815,088 |
$4,701,913
$768,905 |
$7,344,270 |
| 26 |
$13,456,080 |
$4,939,080
$807,365 |
$7,709,635 |
| 27 |
$14,128,752 |
$5,187,969
$847,725 |
$8,093,058 |
| 28 |
$14,835,216 |
$5,449,360
$890,113 |
$8,495,743 |
| 29 |
$15,577,056 |
$5,723,841
$934,623 |
$8,918,592 |
| 30 |
$16,355,856 |
$6,011,997
$981,351 |
$9,362,508 |
|
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