The jackpot for the Powerball draw on Mon Aug 24, 2026, is projected to be $81 Million, with an option for a cash payout of $34.8 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 Aug 24, 2026 |
|---|
| Draw Date | Mon Aug 24, 2026 | | Projected Jackpot | $81,000,000 | | Cash Value | $34,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $34,800,000 | | Federal Tax(24%) | $8,352,000 | | Additional Federal Tax | $4,484,330 | | State Tax(6%) | $2,088,000 | | Net Lumpsum Payment | $19,875,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,219,131 |
$411,409
$73,148 |
$734,574 |
| 2 |
$1,280,124 |
$433,976
$76,807 |
$769,341 |
| 3 |
$1,344,114 |
$457,653
$80,647 |
$805,814 |
| 4 |
$1,411,344 |
$482,528
$84,681 |
$844,135 |
| 5 |
$1,481,895 |
$508,632
$88,914 |
$884,349 |
| 6 |
$1,556,010 |
$536,054
$93,361 |
$926,595 |
| 7 |
$1,633,770 |
$564,825
$98,026 |
$970,919 |
| 8 |
$1,715,499 |
$595,065
$102,930 |
$1,017,504 |
| 9 |
$1,801,278 |
$626,803
$108,077 |
$1,066,398 |
| 10 |
$1,891,350 |
$660,130
$113,481 |
$1,117,739 |
| 11 |
$1,985,877 |
$695,105
$119,153 |
$1,171,619 |
| 12 |
$2,085,183 |
$731,848
$125,111 |
$1,228,224 |
| 13 |
$2,189,430 |
$770,419
$131,366 |
$1,287,645 |
| 14 |
$2,298,942 |
$810,939
$137,937 |
$1,350,066 |
| 15 |
$2,413,881 |
$853,466
$144,833 |
$1,415,582 |
| 16 |
$2,534,571 |
$898,122
$152,074 |
$1,484,375 |
| 17 |
$2,661,255 |
$944,995
$159,675 |
$1,556,585 |
| 18 |
$2,794,338 |
$994,235
$167,660 |
$1,632,443 |
| 19 |
$2,934,063 |
$1,045,934
$176,044 |
$1,712,085 |
| 20 |
$3,080,754 |
$1,100,209
$184,845 |
$1,795,700 |
| 21 |
$3,234,816 |
$1,157,212
$194,089 |
$1,883,515 |
| 22 |
$3,396,573 |
$1,217,062
$203,794 |
$1,975,717 |
| 23 |
$3,566,349 |
$1,279,880
$213,981 |
$2,072,488 |
| 24 |
$3,744,711 |
$1,345,873
$224,683 |
$2,174,155 |
| 25 |
$3,931,902 |
$1,415,134
$235,914 |
$2,280,854 |
| 26 |
$4,128,570 |
$1,487,901
$247,714 |
$2,392,955 |
| 27 |
$4,334,958 |
$1,564,265
$260,097 |
$2,510,596 |
| 28 |
$4,551,714 |
$1,644,465
$273,103 |
$2,634,146 |
| 29 |
$4,779,324 |
$1,728,680
$286,759 |
$2,763,885 |
| 30 |
$5,018,274 |
$1,817,092
$301,096 |
$2,900,086 |
|
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