The jackpot for the Powerball draw on Wed Apr 29, 2026, is projected to be $143 Million, with an option for a cash payout of $65 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 Apr 29, 2026 |
|---|
| Draw Date | Wed Apr 29, 2026 | | Projected Jackpot | $143,000,000 | | Cash Value | $65,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $65,000,000 | | Federal Tax(24%) | $15,600,000 | | Additional Federal Tax | $8,410,330 | | State Tax(6%) | $3,900,000 | | Net Lumpsum Payment | $37,089,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,152,293 |
$756,679
$129,138 |
$1,266,476 |
| 2 |
$2,259,972 |
$796,520
$135,598 |
$1,327,854 |
| 3 |
$2,372,942 |
$838,319
$142,377 |
$1,392,246 |
| 4 |
$2,491,632 |
$882,234
$149,498 |
$1,459,900 |
| 5 |
$2,616,185 |
$928,319
$156,971 |
$1,530,895 |
| 6 |
$2,747,030 |
$976,731
$164,822 |
$1,605,477 |
| 7 |
$2,884,310 |
$1,027,525
$173,059 |
$1,683,726 |
| 8 |
$3,028,597 |
$1,080,911
$181,716 |
$1,765,970 |
| 9 |
$3,180,034 |
$1,136,943
$190,802 |
$1,852,289 |
| 10 |
$3,339,050 |
$1,195,779
$200,343 |
$1,942,928 |
| 11 |
$3,505,931 |
$1,257,525
$210,356 |
$2,038,050 |
| 12 |
$3,681,249 |
$1,322,393
$220,875 |
$2,137,981 |
| 13 |
$3,865,290 |
$1,390,488
$231,917 |
$2,242,885 |
| 14 |
$4,058,626 |
$1,462,022
$243,518 |
$2,353,086 |
| 15 |
$4,261,543 |
$1,537,101
$255,693 |
$2,468,749 |
| 16 |
$4,474,613 |
$1,615,937
$268,477 |
$2,590,199 |
| 17 |
$4,698,265 |
$1,698,688
$281,896 |
$2,717,681 |
| 18 |
$4,933,214 |
$1,785,620
$295,993 |
$2,851,601 |
| 19 |
$5,179,889 |
$1,876,889
$310,793 |
$2,992,207 |
| 20 |
$5,438,862 |
$1,972,709
$326,332 |
$3,139,821 |
| 21 |
$5,710,848 |
$2,073,344
$342,651 |
$3,294,853 |
| 22 |
$5,996,419 |
$2,179,005
$359,785 |
$3,457,629 |
| 23 |
$6,296,147 |
$2,289,905
$377,769 |
$3,628,473 |
| 24 |
$6,611,033 |
$2,406,413
$396,662 |
$3,807,958 |
| 25 |
$6,941,506 |
$2,528,688
$416,490 |
$3,996,328 |
| 26 |
$7,288,710 |
$2,657,153
$437,323 |
$4,194,234 |
| 27 |
$7,653,074 |
$2,791,968
$459,184 |
$4,401,922 |
| 28 |
$8,035,742 |
$2,933,555
$482,145 |
$4,620,042 |
| 29 |
$8,437,572 |
$3,082,232
$506,254 |
$4,849,086 |
| 30 |
$8,859,422 |
$3,238,317
$531,565 |
$5,089,540 |
|
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