The jackpot for the Powerball draw on Sat Mar 14, 2026, is projected to be $75 Million, with an option for a cash payout of $34.6 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 Sat Mar 14, 2026 |
|---|
| Draw Date | Sat Mar 14, 2026 | | Projected Jackpot | $75,000,000 | | Cash Value | $34,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $34,600,000 | | Federal Tax(24%) | $8,304,000 | | Additional Federal Tax | $4,458,330 | | State Tax(6%) | $2,076,000 | | Net Lumpsum Payment | $19,761,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,128,825 |
$377,996
$67,730 |
$683,099 |
| 2 |
$1,185,300 |
$398,891
$71,118 |
$715,291 |
| 3 |
$1,244,550 |
$420,814
$74,673 |
$749,063 |
| 4 |
$1,306,800 |
$443,846
$78,408 |
$784,546 |
| 5 |
$1,372,125 |
$468,017
$82,328 |
$821,780 |
| 6 |
$1,440,750 |
$493,408
$86,445 |
$860,897 |
| 7 |
$1,512,750 |
$520,048
$90,765 |
$901,937 |
| 8 |
$1,588,425 |
$548,048
$95,306 |
$945,071 |
| 9 |
$1,667,850 |
$577,435
$100,071 |
$990,344 |
| 10 |
$1,751,250 |
$608,293
$105,075 |
$1,037,882 |
| 11 |
$1,838,775 |
$640,677
$110,327 |
$1,087,771 |
| 12 |
$1,930,725 |
$674,699
$115,844 |
$1,140,182 |
| 13 |
$2,027,250 |
$710,413
$121,635 |
$1,195,202 |
| 14 |
$2,128,650 |
$747,931
$127,719 |
$1,253,000 |
| 15 |
$2,235,075 |
$787,308
$134,105 |
$1,313,662 |
| 16 |
$2,346,825 |
$828,656
$140,810 |
$1,377,359 |
| 17 |
$2,464,125 |
$872,057
$147,848 |
$1,444,220 |
| 18 |
$2,587,350 |
$917,650
$155,241 |
$1,514,459 |
| 19 |
$2,716,725 |
$965,519
$163,004 |
$1,588,202 |
| 20 |
$2,852,550 |
$1,015,774
$171,153 |
$1,665,623 |
| 21 |
$2,995,200 |
$1,068,554
$179,712 |
$1,746,934 |
| 22 |
$3,144,975 |
$1,123,971
$188,699 |
$1,832,305 |
| 23 |
$3,302,175 |
$1,182,135
$198,131 |
$1,921,909 |
| 24 |
$3,467,325 |
$1,243,241
$208,040 |
$2,016,044 |
| 25 |
$3,640,650 |
$1,307,371
$218,439 |
$2,114,840 |
| 26 |
$3,822,750 |
$1,374,748
$229,365 |
$2,218,637 |
| 27 |
$4,013,850 |
$1,445,455
$240,831 |
$2,327,564 |
| 28 |
$4,214,550 |
$1,519,714
$252,873 |
$2,441,963 |
| 29 |
$4,425,300 |
$1,597,691
$265,518 |
$2,562,091 |
| 30 |
$4,646,550 |
$1,679,554
$278,793 |
$2,688,203 |
|
|
