The jackpot for the Powerball draw on Wed Jul 22, 2026, is projected to be $567 Million, with an option for a cash payout of $251.8 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 Jul 22, 2026 |
|---|
| Draw Date | Wed Jul 22, 2026 | | Projected Jackpot | $567,000,000 | | Cash Value | $251,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $251,800,000 | | Federal Tax(24%) | $60,432,000 | | Additional Federal Tax | $32,694,330 | | State Tax(6%) | $15,108,000 | | Net Lumpsum Payment | $143,565,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,533,917 |
$3,117,880
$512,035 |
$4,904,002 |
| 2 |
$8,960,868 |
$3,275,852
$537,652 |
$5,147,364 |
| 3 |
$9,408,798 |
$3,441,586
$564,528 |
$5,402,684 |
| 4 |
$9,879,408 |
$3,615,711
$592,764 |
$5,670,933 |
| 5 |
$10,373,265 |
$3,798,438
$622,396 |
$5,952,431 |
| 6 |
$10,892,070 |
$3,990,396
$653,524 |
$6,248,150 |
| 7 |
$11,436,390 |
$4,191,795
$686,183 |
$6,558,412 |
| 8 |
$12,008,493 |
$4,403,473
$720,510 |
$6,884,510 |
| 9 |
$12,608,946 |
$4,625,640
$756,537 |
$7,226,769 |
| 10 |
$13,239,450 |
$4,858,927
$794,367 |
$7,586,156 |
| 11 |
$13,901,139 |
$5,103,752
$834,068 |
$7,963,319 |
| 12 |
$14,596,281 |
$5,360,954
$875,777 |
$8,359,550 |
| 13 |
$15,326,010 |
$5,630,954
$919,561 |
$8,775,495 |
| 14 |
$16,092,594 |
$5,914,590
$965,556 |
$9,212,448 |
| 15 |
$16,897,167 |
$6,212,282
$1,013,830 |
$9,671,055 |
| 16 |
$17,741,997 |
$6,524,869
$1,064,520 |
$10,152,608 |
| 17 |
$18,628,785 |
$6,852,981
$1,117,727 |
$10,658,077 |
| 18 |
$19,560,366 |
$7,197,666
$1,173,622 |
$11,189,078 |
| 19 |
$20,538,441 |
$7,559,554
$1,232,306 |
$11,746,581 |
| 20 |
$21,565,278 |
$7,939,483
$1,293,917 |
$12,331,878 |
| 21 |
$22,643,712 |
$8,338,504
$1,358,623 |
$12,946,585 |
| 22 |
$23,776,011 |
$8,757,454
$1,426,561 |
$13,591,996 |
| 23 |
$24,964,443 |
$9,197,174
$1,497,867 |
$14,269,402 |
| 24 |
$26,212,977 |
$9,659,132
$1,572,779 |
$14,981,066 |
| 25 |
$27,523,314 |
$10,143,957
$1,651,399 |
$15,727,958 |
| 26 |
$28,899,990 |
$10,653,327
$1,733,999 |
$16,512,664 |
| 27 |
$30,344,706 |
$11,187,872
$1,820,682 |
$17,336,152 |
| 28 |
$31,861,998 |
$11,749,270
$1,911,720 |
$18,201,008 |
| 29 |
$33,455,268 |
$12,338,780
$2,007,316 |
$19,109,172 |
| 30 |
$35,127,918 |
$12,957,660
$2,107,675 |
$20,062,583 |
|
|
