The jackpot for the Powerball draw on Wed Dec 31, 2025, is projected to be $45 Million, with an option for a cash payout of $20.7 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 Wed Dec 31, 2025 |
|---|
| Draw Date | Wed Dec 31, 2025 | | Projected Jackpot | $45,000,000 | | Cash Value | $20,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $20,700,000 | | Federal Tax(24%) | $4,968,000 | | Additional Federal Tax | $2,651,330 | | State Tax(6%) | $1,242,000 | | Net Lumpsum Payment | $11,838,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$677,295 |
$210,930
$40,638 |
$425,727 |
| 2 |
$711,180 |
$223,467
$42,671 |
$445,042 |
| 3 |
$746,730 |
$236,620
$44,804 |
$465,306 |
| 4 |
$784,080 |
$250,440
$47,045 |
$486,595 |
| 5 |
$823,275 |
$264,942
$49,397 |
$508,936 |
| 6 |
$864,450 |
$280,177
$51,867 |
$532,406 |
| 7 |
$907,650 |
$296,161
$54,459 |
$557,030 |
| 8 |
$953,055 |
$312,961
$57,183 |
$582,911 |
| 9 |
$1,000,710 |
$330,593
$60,043 |
$610,074 |
| 10 |
$1,050,750 |
$349,108
$63,045 |
$638,597 |
| 11 |
$1,103,265 |
$368,538
$66,196 |
$668,531 |
| 12 |
$1,158,435 |
$388,951
$69,506 |
$699,978 |
| 13 |
$1,216,350 |
$410,380
$72,981 |
$732,989 |
| 14 |
$1,277,190 |
$432,891
$76,631 |
$767,668 |
| 15 |
$1,341,045 |
$456,517
$80,463 |
$804,065 |
| 16 |
$1,408,095 |
$481,326
$84,486 |
$842,283 |
| 17 |
$1,478,475 |
$507,366
$88,709 |
$882,400 |
| 18 |
$1,552,410 |
$534,722
$93,145 |
$924,543 |
| 19 |
$1,630,035 |
$563,443
$97,802 |
$968,790 |
| 20 |
$1,711,530 |
$593,596
$102,692 |
$1,015,242 |
| 21 |
$1,797,120 |
$625,265
$107,827 |
$1,064,028 |
| 22 |
$1,886,985 |
$658,515
$113,219 |
$1,115,251 |
| 23 |
$1,981,305 |
$693,413
$118,878 |
$1,169,014 |
| 24 |
$2,080,395 |
$730,077
$124,824 |
$1,225,494 |
| 25 |
$2,184,390 |
$768,555
$131,063 |
$1,284,772 |
| 26 |
$2,293,650 |
$808,981
$137,619 |
$1,347,050 |
| 27 |
$2,408,310 |
$851,405
$144,499 |
$1,412,406 |
| 28 |
$2,528,730 |
$895,960
$151,724 |
$1,481,046 |
| 29 |
$2,655,180 |
$942,747
$159,311 |
$1,553,122 |
| 30 |
$2,787,930 |
$991,864
$167,276 |
$1,628,790 |
|
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