The jackpot for the Powerball draw on Wed Apr 23, 2025, is projected to be $151 Million, with an option for a cash payout of $69.3 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 23, 2025 |
|---|
| Draw Date | Wed Apr 23, 2025 | | Projected Jackpot | $151,000,000 | | Cash Value | $69,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $69,300,000 | | Federal Tax(24%) | $16,632,000 | | Additional Federal Tax | $8,969,330 | | State Tax(6%) | $4,158,000 | | Net Lumpsum Payment | $39,540,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,272,701 |
$801,230
$136,362 |
$1,335,109 |
| 2 |
$2,386,404 |
$843,300
$143,184 |
$1,399,920 |
| 3 |
$2,505,694 |
$887,437
$150,342 |
$1,467,915 |
| 4 |
$2,631,024 |
$933,809
$157,861 |
$1,539,354 |
| 5 |
$2,762,545 |
$982,472
$165,753 |
$1,614,320 |
| 6 |
$2,900,710 |
$1,033,593
$174,043 |
$1,693,074 |
| 7 |
$3,045,670 |
$1,087,228
$182,740 |
$1,775,702 |
| 8 |
$3,198,029 |
$1,143,601
$191,882 |
$1,862,546 |
| 9 |
$3,357,938 |
$1,202,767
$201,476 |
$1,953,695 |
| 10 |
$3,525,850 |
$1,264,895
$211,551 |
$2,049,404 |
| 11 |
$3,702,067 |
$1,330,095
$222,124 |
$2,149,848 |
| 12 |
$3,887,193 |
$1,398,592
$233,232 |
$2,255,369 |
| 13 |
$4,081,530 |
$1,470,496
$244,892 |
$2,366,142 |
| 14 |
$4,285,682 |
$1,546,033
$257,141 |
$2,482,508 |
| 15 |
$4,499,951 |
$1,625,312
$269,997 |
$2,604,642 |
| 16 |
$4,724,941 |
$1,708,559
$283,496 |
$2,732,886 |
| 17 |
$4,961,105 |
$1,795,939
$297,666 |
$2,867,500 |
| 18 |
$5,209,198 |
$1,887,734
$312,552 |
$3,008,912 |
| 19 |
$5,469,673 |
$1,984,109
$328,180 |
$3,157,384 |
| 20 |
$5,743,134 |
$2,085,290
$344,588 |
$3,313,256 |
| 21 |
$6,030,336 |
$2,191,555
$361,820 |
$3,476,961 |
| 22 |
$6,331,883 |
$2,303,127
$379,913 |
$3,648,843 |
| 23 |
$6,648,379 |
$2,420,231
$398,903 |
$3,829,245 |
| 24 |
$6,980,881 |
$2,543,256
$418,853 |
$4,018,772 |
| 25 |
$7,329,842 |
$2,672,372
$439,791 |
$4,217,679 |
| 26 |
$7,696,470 |
$2,808,024
$461,788 |
$4,426,658 |
| 27 |
$8,081,218 |
$2,950,381
$484,873 |
$4,645,964 |
| 28 |
$8,485,294 |
$3,099,889
$509,118 |
$4,876,287 |
| 29 |
$8,909,604 |
$3,256,884
$534,576 |
$5,118,144 |
| 30 |
$9,355,054 |
$3,421,700
$561,303 |
$5,372,051 |
|
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