The jackpot for the Powerball draw on Wed Jun 25, 2025, is projected to be $140 Million, with an option for a cash payout of $63 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 Jun 25, 2025 |
|---|
| Draw Date | Wed Jun 25, 2025 | | Projected Jackpot | $140,000,000 | | Cash Value | $63,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $63,000,000 | | Federal Tax(24%) | $15,120,000 | | Additional Federal Tax | $8,150,330 | | State Tax(6%) | $3,780,000 | | Net Lumpsum Payment | $35,949,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,107,140 |
$739,972
$126,428 |
$1,240,740 |
| 2 |
$2,212,560 |
$778,978
$132,754 |
$1,300,828 |
| 3 |
$2,323,160 |
$819,900
$139,390 |
$1,363,870 |
| 4 |
$2,439,360 |
$862,894
$146,362 |
$1,430,104 |
| 5 |
$2,561,300 |
$908,011
$153,678 |
$1,499,611 |
| 6 |
$2,689,400 |
$955,408
$161,364 |
$1,572,628 |
| 7 |
$2,823,800 |
$1,005,136
$169,428 |
$1,649,236 |
| 8 |
$2,965,060 |
$1,057,403
$177,904 |
$1,729,753 |
| 9 |
$3,113,320 |
$1,112,259
$186,799 |
$1,814,262 |
| 10 |
$3,269,000 |
$1,169,860
$196,140 |
$1,903,000 |
| 11 |
$3,432,380 |
$1,230,311
$205,943 |
$1,996,126 |
| 12 |
$3,604,020 |
$1,293,818
$216,241 |
$2,093,961 |
| 13 |
$3,784,200 |
$1,360,484
$227,052 |
$2,196,664 |
| 14 |
$3,973,480 |
$1,430,518
$238,409 |
$2,304,553 |
| 15 |
$4,172,140 |
$1,504,022
$250,328 |
$2,417,790 |
| 16 |
$4,380,740 |
$1,581,204
$262,844 |
$2,536,692 |
| 17 |
$4,599,700 |
$1,662,219
$275,982 |
$2,661,499 |
| 18 |
$4,829,720 |
$1,747,327
$289,783 |
$2,792,610 |
| 19 |
$5,071,220 |
$1,836,682
$304,273 |
$2,930,265 |
| 20 |
$5,324,760 |
$1,930,492
$319,486 |
$3,074,782 |
| 21 |
$5,591,040 |
$2,029,015
$335,462 |
$3,226,563 |
| 22 |
$5,870,620 |
$2,132,460
$352,237 |
$3,385,923 |
| 23 |
$6,164,060 |
$2,241,033
$369,844 |
$3,553,183 |
| 24 |
$6,472,340 |
$2,355,096
$388,340 |
$3,728,904 |
| 25 |
$6,795,880 |
$2,474,806
$407,753 |
$3,913,321 |
| 26 |
$7,135,800 |
$2,600,576
$428,148 |
$4,107,076 |
| 27 |
$7,492,520 |
$2,732,563
$449,551 |
$4,310,406 |
| 28 |
$7,867,160 |
$2,871,180
$472,030 |
$4,523,950 |
| 29 |
$8,260,560 |
$3,016,738
$495,634 |
$4,748,188 |
| 30 |
$8,673,560 |
$3,169,548
$520,414 |
$4,983,598 |
|
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