The jackpot for the Powerball draw on Sat Jan 10, 2026, is projected to be $124 Million, with an option for a cash payout of $56 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 Jan 10, 2026 |
|---|
| Draw Date | Sat Jan 10, 2026 | | Projected Jackpot | $124,000,000 | | Cash Value | $56,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $56,000,000 | | Federal Tax(24%) | $13,440,000 | | Additional Federal Tax | $7,240,330 | | State Tax(6%) | $3,360,000 | | Net Lumpsum Payment | $31,959,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,866,324 |
$650,870
$111,979 |
$1,103,475 |
| 2 |
$1,959,696 |
$685,418
$117,582 |
$1,156,696 |
| 3 |
$2,057,656 |
$721,663
$123,459 |
$1,212,534 |
| 4 |
$2,160,576 |
$759,744
$129,635 |
$1,271,197 |
| 5 |
$2,268,580 |
$799,705
$136,115 |
$1,332,760 |
| 6 |
$2,382,040 |
$841,685
$142,922 |
$1,397,433 |
| 7 |
$2,501,080 |
$885,730
$150,065 |
$1,465,285 |
| 8 |
$2,626,196 |
$932,023
$157,572 |
$1,536,601 |
| 9 |
$2,757,512 |
$980,610
$165,451 |
$1,611,451 |
| 10 |
$2,895,400 |
$1,031,628
$173,724 |
$1,690,048 |
| 11 |
$3,040,108 |
$1,085,170
$182,406 |
$1,772,532 |
| 12 |
$3,192,132 |
$1,141,419
$191,528 |
$1,859,185 |
| 13 |
$3,351,720 |
$1,200,467
$201,103 |
$1,950,150 |
| 14 |
$3,519,368 |
$1,262,497
$211,162 |
$2,045,709 |
| 15 |
$3,695,324 |
$1,327,600
$221,719 |
$2,146,005 |
| 16 |
$3,880,084 |
$1,395,961
$232,805 |
$2,251,318 |
| 17 |
$4,074,020 |
$1,467,718
$244,441 |
$2,361,861 |
| 18 |
$4,277,752 |
$1,543,099
$256,665 |
$2,477,988 |
| 19 |
$4,491,652 |
$1,622,242
$269,499 |
$2,599,911 |
| 20 |
$4,716,216 |
$1,705,330
$282,973 |
$2,727,913 |
| 21 |
$4,952,064 |
$1,792,594
$297,124 |
$2,862,346 |
| 22 |
$5,199,692 |
$1,884,216
$311,982 |
$3,003,494 |
| 23 |
$5,459,596 |
$1,980,381
$327,576 |
$3,151,639 |
| 24 |
$5,732,644 |
$2,081,409
$343,959 |
$3,307,276 |
| 25 |
$6,019,208 |
$2,187,437
$361,152 |
$3,470,619 |
| 26 |
$6,320,280 |
$2,298,834
$379,217 |
$3,642,229 |
| 27 |
$6,636,232 |
$2,415,736
$398,174 |
$3,822,322 |
| 28 |
$6,968,056 |
$2,538,511
$418,083 |
$4,011,462 |
| 29 |
$7,316,496 |
$2,667,434
$438,990 |
$4,210,072 |
| 30 |
$7,682,296 |
$2,802,780
$460,938 |
$4,418,578 |
|
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