The jackpot for the Powerball draw on Wed Jul 1, 2026, is projected to be $375 Million, with an option for a cash payout of $170.6 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 1, 2026 |
|---|
| Draw Date | Wed Jul 1, 2026 | | Projected Jackpot | $375,000,000 | | Cash Value | $170,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $170,600,000 | | Federal Tax(24%) | $40,944,000 | | Additional Federal Tax | $22,138,330 | | State Tax(6%) | $10,236,000 | | Net Lumpsum Payment | $97,281,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,644,125 |
$2,048,657
$338,648 |
$3,256,820 |
| 2 |
$5,926,500 |
$2,153,135
$355,590 |
$3,417,775 |
| 3 |
$6,222,750 |
$2,262,748
$373,365 |
$3,586,637 |
| 4 |
$6,534,000 |
$2,377,910
$392,040 |
$3,764,050 |
| 5 |
$6,860,625 |
$2,498,762
$411,638 |
$3,950,225 |
| 6 |
$7,203,750 |
$2,625,718
$432,225 |
$4,145,807 |
| 7 |
$7,563,750 |
$2,758,918
$453,825 |
$4,351,007 |
| 8 |
$7,942,125 |
$2,898,917
$476,528 |
$4,566,680 |
| 9 |
$8,339,250 |
$3,045,853
$500,355 |
$4,793,042 |
| 10 |
$8,756,250 |
$3,200,143
$525,375 |
$5,030,732 |
| 11 |
$9,193,875 |
$3,362,064
$551,633 |
$5,280,178 |
| 12 |
$9,653,625 |
$3,532,172
$579,218 |
$5,542,235 |
| 13 |
$10,136,250 |
$3,710,743
$608,175 |
$5,817,332 |
| 14 |
$10,643,250 |
$3,898,333
$638,595 |
$6,106,322 |
| 15 |
$11,175,375 |
$4,095,219
$670,523 |
$6,409,633 |
| 16 |
$11,734,125 |
$4,301,957
$704,048 |
$6,728,120 |
| 17 |
$12,320,625 |
$4,518,962
$739,238 |
$7,062,425 |
| 18 |
$12,936,750 |
$4,746,928
$776,205 |
$7,413,617 |
| 19 |
$13,583,625 |
$4,986,272
$815,018 |
$7,782,335 |
| 20 |
$14,262,750 |
$5,237,548
$855,765 |
$8,169,437 |
| 21 |
$14,976,000 |
$5,501,450
$898,560 |
$8,575,990 |
| 22 |
$15,724,875 |
$5,778,534
$943,493 |
$9,002,848 |
| 23 |
$16,510,875 |
$6,069,354
$990,653 |
$9,450,868 |
| 24 |
$17,336,625 |
$6,374,882
$1,040,198 |
$9,921,545 |
| 25 |
$18,203,250 |
$6,695,533
$1,092,195 |
$10,415,522 |
| 26 |
$19,113,750 |
$7,032,418
$1,146,825 |
$10,934,507 |
| 27 |
$20,069,250 |
$7,385,953
$1,204,155 |
$11,479,142 |
| 28 |
$21,072,750 |
$7,757,248
$1,264,365 |
$12,051,137 |
| 29 |
$22,126,500 |
$8,147,135
$1,327,590 |
$12,651,775 |
| 30 |
$23,232,750 |
$8,556,448
$1,393,965 |
$13,282,337 |
|
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