The jackpot for the Powerball draw on Mon Mar 3, 2025, is projected to be $279 Million, with an option for a cash payout of $131.5 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 Mon Mar 3, 2025 |
|---|
| Draw Date | Mon Mar 3, 2025 | | Projected Jackpot | $279,000,000 | | Cash Value | $131,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $131,500,000 | | Federal Tax(24%) | $31,560,000 | | Additional Federal Tax | $17,055,330 | | State Tax(6%) | $7,890,000 | | Net Lumpsum Payment | $74,994,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,199,229 |
$1,514,045
$251,954 |
$2,433,230 |
| 2 |
$4,409,316 |
$1,591,777
$264,559 |
$2,552,980 |
| 3 |
$4,629,726 |
$1,673,329
$277,784 |
$2,678,613 |
| 4 |
$4,861,296 |
$1,759,010
$291,678 |
$2,810,608 |
| 5 |
$5,104,305 |
$1,848,923
$306,258 |
$2,949,124 |
| 6 |
$5,359,590 |
$1,943,379
$321,575 |
$3,094,636 |
| 7 |
$5,627,430 |
$2,042,479
$337,646 |
$3,247,305 |
| 8 |
$5,908,941 |
$2,146,639
$354,536 |
$3,407,766 |
| 9 |
$6,204,402 |
$2,255,959
$372,264 |
$3,576,179 |
| 10 |
$6,514,650 |
$2,370,751
$390,879 |
$3,753,020 |
| 11 |
$6,840,243 |
$2,491,220
$410,415 |
$3,938,608 |
| 12 |
$7,182,297 |
$2,617,780
$430,938 |
$4,133,579 |
| 13 |
$7,541,370 |
$2,750,637
$452,482 |
$4,338,251 |
| 14 |
$7,918,578 |
$2,890,204
$475,115 |
$4,553,259 |
| 15 |
$8,314,479 |
$3,036,688
$498,869 |
$4,778,922 |
| 16 |
$8,730,189 |
$3,190,500
$523,811 |
$5,015,878 |
| 17 |
$9,166,545 |
$3,351,952
$549,993 |
$5,264,600 |
| 18 |
$9,624,942 |
$3,521,559
$577,497 |
$5,525,886 |
| 19 |
$10,106,217 |
$3,699,631
$606,373 |
$5,800,213 |
| 20 |
$10,611,486 |
$3,886,580
$636,689 |
$6,088,217 |
| 21 |
$11,142,144 |
$4,082,924
$668,529 |
$6,390,691 |
| 22 |
$11,699,307 |
$4,289,074
$701,958 |
$6,708,275 |
| 23 |
$12,284,091 |
$4,505,444
$737,045 |
$7,041,602 |
| 24 |
$12,898,449 |
$4,732,757
$773,907 |
$7,391,785 |
| 25 |
$13,543,218 |
$4,971,321
$812,593 |
$7,759,304 |
| 26 |
$14,220,630 |
$5,221,963
$853,238 |
$8,145,429 |
| 27 |
$14,931,522 |
$5,484,994
$895,891 |
$8,550,637 |
| 28 |
$15,678,126 |
$5,761,237
$940,688 |
$8,976,201 |
| 29 |
$16,462,116 |
$6,051,313
$987,727 |
$9,423,076 |
| 30 |
$17,285,166 |
$6,355,842
$1,037,110 |
$9,892,214 |
|
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