The jackpot for the Powerball draw on Sat May 23, 2026, is projected to be $131 Million, with an option for a cash payout of $57.5 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 Sat May 23, 2026 |
|---|
| Draw Date | Sat May 23, 2026 | | Projected Jackpot | $131,000,000 | | Cash Value | $57,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $57,500,000 | | Federal Tax(24%) | $13,800,000 | | Additional Federal Tax | $7,435,330 | | State Tax(6%) | $3,450,000 | | Net Lumpsum Payment | $32,814,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,971,681 |
$689,852
$118,301 |
$1,163,528 |
| 2 |
$2,070,324 |
$726,350
$124,219 |
$1,219,755 |
| 3 |
$2,173,814 |
$764,642
$130,429 |
$1,278,743 |
| 4 |
$2,282,544 |
$804,872
$136,953 |
$1,340,719 |
| 5 |
$2,396,645 |
$847,089
$143,799 |
$1,405,757 |
| 6 |
$2,516,510 |
$891,439
$150,991 |
$1,474,080 |
| 7 |
$2,642,270 |
$937,970
$158,536 |
$1,545,764 |
| 8 |
$2,774,449 |
$986,877
$166,467 |
$1,621,105 |
| 9 |
$2,913,178 |
$1,038,206
$174,791 |
$1,700,181 |
| 10 |
$3,058,850 |
$1,092,105
$183,531 |
$1,783,214 |
| 11 |
$3,211,727 |
$1,148,669
$192,704 |
$1,870,354 |
| 12 |
$3,372,333 |
$1,208,094
$202,340 |
$1,961,899 |
| 13 |
$3,540,930 |
$1,270,474
$212,456 |
$2,058,000 |
| 14 |
$3,718,042 |
$1,336,006
$223,083 |
$2,158,953 |
| 15 |
$3,903,931 |
$1,404,785
$234,236 |
$2,264,910 |
| 16 |
$4,099,121 |
$1,477,005
$245,947 |
$2,376,169 |
| 17 |
$4,304,005 |
$1,552,812
$258,240 |
$2,492,953 |
| 18 |
$4,519,238 |
$1,632,448
$271,154 |
$2,615,636 |
| 19 |
$4,745,213 |
$1,716,059
$284,713 |
$2,744,441 |
| 20 |
$4,982,454 |
$1,803,838
$298,947 |
$2,879,669 |
| 21 |
$5,231,616 |
$1,896,028
$313,897 |
$3,021,691 |
| 22 |
$5,493,223 |
$1,992,823
$329,593 |
$3,170,807 |
| 23 |
$5,767,799 |
$2,094,416
$346,068 |
$3,327,315 |
| 24 |
$6,056,261 |
$2,201,147
$363,376 |
$3,491,738 |
| 25 |
$6,359,002 |
$2,313,161
$381,540 |
$3,664,301 |
| 26 |
$6,677,070 |
$2,430,846
$400,624 |
$3,845,600 |
| 27 |
$7,010,858 |
$2,554,348
$420,651 |
$4,035,859 |
| 28 |
$7,361,414 |
$2,684,054
$441,685 |
$4,235,675 |
| 29 |
$7,729,524 |
$2,820,254
$463,771 |
$4,445,499 |
| 30 |
$8,115,974 |
$2,963,241
$486,958 |
$4,665,775 |
|
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