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 |
|---|
| Draw Date | Mon Jul 21, 2025 | | Projected Jackpot | $308,000,000 | | Cash Value | $137,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| 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 |
|---|
| 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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