The jackpot for the Powerball draw on Sat Oct 10, 2026, is projected to be $516 Million, with an option for a cash payout of $212.6 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 Oct 10, 2026 |
|---|
| Draw Date | Sat Oct 10, 2026 | | Projected Jackpot | $516,000,000 | | Cash Value | $212,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $212,600,000 | | Federal Tax(24%) | $51,024,000 | | Additional Federal Tax | $27,598,330 | | State Tax(6%) | $12,756,000 | | Net Lumpsum Payment | $121,221,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,766,316 |
$2,833,867
$465,979 |
$4,466,470 |
| 2 |
$8,154,864 |
$2,977,630
$489,292 |
$4,687,942 |
| 3 |
$8,562,504 |
$3,128,457
$513,750 |
$4,920,297 |
| 4 |
$8,990,784 |
$3,286,920
$539,447 |
$5,164,417 |
| 5 |
$9,440,220 |
$3,453,212
$566,413 |
$5,420,595 |
| 6 |
$9,912,360 |
$3,627,904
$594,742 |
$5,689,714 |
| 7 |
$10,407,720 |
$3,811,187
$624,463 |
$5,972,070 |
| 8 |
$10,928,364 |
$4,003,825
$655,702 |
$6,268,837 |
| 9 |
$11,474,808 |
$4,206,009
$688,488 |
$6,580,311 |
| 10 |
$12,048,600 |
$4,418,312
$722,916 |
$6,907,372 |
| 11 |
$12,650,772 |
$4,641,116
$759,046 |
$7,250,610 |
| 12 |
$13,283,388 |
$4,875,184
$797,003 |
$7,611,201 |
| 13 |
$13,947,480 |
$5,120,898
$836,849 |
$7,989,733 |
| 14 |
$14,645,112 |
$5,379,022
$878,707 |
$8,387,383 |
| 15 |
$15,377,316 |
$5,649,937
$922,639 |
$8,804,740 |
| 16 |
$16,146,156 |
$5,934,408
$968,769 |
$9,242,979 |
| 17 |
$16,953,180 |
$6,233,007
$1,017,191 |
$9,702,982 |
| 18 |
$17,800,968 |
$6,546,689
$1,068,058 |
$10,186,221 |
| 19 |
$18,691,068 |
$6,876,026
$1,121,464 |
$10,693,578 |
| 20 |
$19,625,544 |
$7,221,782
$1,177,533 |
$11,226,229 |
| 21 |
$20,606,976 |
$7,584,912
$1,236,419 |
$11,785,645 |
| 22 |
$21,637,428 |
$7,966,179
$1,298,246 |
$12,373,003 |
| 23 |
$22,718,964 |
$8,366,347
$1,363,138 |
$12,989,479 |
| 24 |
$23,855,196 |
$8,786,753
$1,431,312 |
$13,637,131 |
| 25 |
$25,047,672 |
$9,227,969
$1,502,860 |
$14,316,843 |
| 26 |
$26,300,520 |
$9,691,523
$1,578,031 |
$15,030,966 |
| 27 |
$27,615,288 |
$10,177,987
$1,656,917 |
$15,780,384 |
| 28 |
$28,996,104 |
$10,688,889
$1,739,766 |
$16,567,449 |
| 29 |
$30,446,064 |
$11,225,374
$1,826,764 |
$17,393,926 |
| 30 |
$31,968,264 |
$11,788,588
$1,918,096 |
$18,261,580 |
|
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