The jackpot for the Powerball draw on Sat Oct 17, 2026, is projected to be $600 Million, with an option for a cash payout of $246 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 Oct 17, 2026 |
|---|
| Draw Date | Sat Oct 17, 2026 | | Projected Jackpot | $600,000,000 | | Cash Value | $246,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $246,000,000 | | Federal Tax(24%) | $59,040,000 | | Additional Federal Tax | $31,940,330 | | State Tax(6%) | $14,760,000 | | Net Lumpsum Payment | $140,259,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,030,600 |
$3,301,652
$541,836 |
$5,187,112 |
| 2 |
$9,482,400 |
$3,468,818
$568,944 |
$5,444,638 |
| 3 |
$9,956,400 |
$3,644,198
$597,384 |
$5,714,818 |
| 4 |
$10,454,400 |
$3,828,458
$627,264 |
$5,998,678 |
| 5 |
$10,977,000 |
$4,021,820
$658,620 |
$6,296,560 |
| 6 |
$11,526,000 |
$4,224,950
$691,560 |
$6,609,490 |
| 7 |
$12,102,000 |
$4,438,070
$726,120 |
$6,937,810 |
| 8 |
$12,707,400 |
$4,662,068
$762,444 |
$7,282,888 |
| 9 |
$13,342,800 |
$4,897,166
$800,568 |
$7,645,066 |
| 10 |
$14,010,000 |
$5,144,030
$840,600 |
$8,025,370 |
| 11 |
$14,710,200 |
$5,403,104
$882,612 |
$8,424,484 |
| 12 |
$15,445,800 |
$5,675,276
$926,748 |
$8,843,776 |
| 13 |
$16,218,000 |
$5,960,990
$973,080 |
$9,283,930 |
| 14 |
$17,029,200 |
$6,261,134
$1,021,752 |
$9,746,314 |
| 15 |
$17,880,600 |
$6,576,152
$1,072,836 |
$10,231,612 |
| 16 |
$18,774,600 |
$6,906,932
$1,126,476 |
$10,741,192 |
| 17 |
$19,713,000 |
$7,254,140
$1,182,780 |
$11,276,080 |
| 18 |
$20,698,800 |
$7,618,886
$1,241,928 |
$11,837,986 |
| 19 |
$21,733,800 |
$8,001,836
$1,304,028 |
$12,427,936 |
| 20 |
$22,820,400 |
$8,403,878
$1,369,224 |
$13,047,298 |
| 21 |
$23,961,600 |
$8,826,122
$1,437,696 |
$13,697,782 |
| 22 |
$25,159,800 |
$9,269,456
$1,509,588 |
$14,380,756 |
| 23 |
$26,417,400 |
$9,734,768
$1,585,044 |
$15,097,588 |
| 24 |
$27,738,600 |
$10,223,612
$1,664,316 |
$15,850,672 |
| 25 |
$29,125,200 |
$10,736,654
$1,747,512 |
$16,641,034 |
| 26 |
$30,582,000 |
$11,275,670
$1,834,920 |
$17,471,410 |
| 27 |
$32,110,800 |
$11,841,326
$1,926,648 |
$18,342,826 |
| 28 |
$33,716,400 |
$12,435,398
$2,022,984 |
$19,258,018 |
| 29 |
$35,402,400 |
$13,059,218
$2,124,144 |
$20,219,038 |
| 30 |
$37,172,400 |
$13,714,118
$2,230,344 |
$21,227,938 |
|
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