The jackpot for the Powerball draw on Mon Jul 21, 2025, is projected to be $308 Million, with an option for a cash payout of $137.7 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 Jul 21, 2025 |
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Draw Date | Mon Jul 21, 2025 | Projected Jackpot | $308,000,000 | Cash Value | $137,700,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $137,700,000 | Federal Tax(24%) | $33,048,000 | Additional Federal Tax | $17,861,330 | State Tax(6%) | $8,262,000 | Net Lumpsum Payment | $78,528,670 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$4,635,708 |
$1,675,542 $278,142 |
$2,682,024 |
2 |
$4,867,632 |
$1,761,354 $292,058 |
$2,814,220 |
3 |
$5,110,952 |
$1,851,383 $306,657 |
$2,952,912 |
4 |
$5,366,592 |
$1,945,969 $321,996 |
$3,098,627 |
5 |
$5,634,860 |
$2,045,229 $338,092 |
$3,251,539 |
6 |
$5,916,680 |
$2,149,502 $355,001 |
$3,412,177 |
7 |
$6,212,360 |
$2,258,904 $372,742 |
$3,580,714 |
8 |
$6,523,132 |
$2,373,889 $391,388 |
$3,757,855 |
9 |
$6,849,304 |
$2,494,573 $410,958 |
$3,943,773 |
10 |
$7,191,800 |
$2,621,296 $431,508 |
$4,138,996 |
11 |
$7,551,236 |
$2,754,288 $453,074 |
$4,343,874 |
12 |
$7,928,844 |
$2,894,003 $475,731 |
$4,559,110 |
13 |
$8,325,240 |
$3,040,669 $499,514 |
$4,785,057 |
14 |
$8,741,656 |
$3,194,743 $524,499 |
$5,022,414 |
15 |
$9,178,708 |
$3,356,452 $550,722 |
$5,271,534 |
16 |
$9,637,628 |
$3,526,253 $578,258 |
$5,533,117 |
17 |
$10,119,340 |
$3,704,486 $607,160 |
$5,807,694 |
18 |
$10,625,384 |
$3,891,722 $637,523 |
$6,096,139 |
19 |
$11,156,684 |
$4,088,303 $669,401 |
$6,398,980 |
20 |
$11,714,472 |
$4,294,685 $702,868 |
$6,716,919 |
21 |
$12,300,288 |
$4,511,437 $738,017 |
$7,050,834 |
22 |
$12,915,364 |
$4,739,015 $774,922 |
$7,401,427 |
23 |
$13,560,932 |
$4,977,875 $813,656 |
$7,769,401 |
24 |
$14,239,148 |
$5,228,815 $854,349 |
$8,155,984 |
25 |
$14,950,936 |
$5,492,177 $897,056 |
$8,561,703 |
26 |
$15,698,760 |
$5,768,872 $941,926 |
$8,987,962 |
27 |
$16,483,544 |
$6,059,242 $989,013 |
$9,435,289 |
28 |
$17,307,752 |
$6,364,199 $1,038,465 |
$9,905,088 |
29 |
$18,173,232 |
$6,684,426 $1,090,394 |
$10,398,412 |
30 |
$19,081,832 |
$7,020,608 $1,144,910 |
$10,916,314 |
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