The jackpot for the Powerball draw on Mon Jul 14, 2025, is projected to be $248 Million, with an option for a cash payout of $112.4 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 14, 2025 |
|---|
| Draw Date | Mon Jul 14, 2025 | | Projected Jackpot | $248,000,000 | | Cash Value | $112,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $112,400,000 | | Federal Tax(24%) | $26,976,000 | | Additional Federal Tax | $14,572,330 | | State Tax(6%) | $6,744,000 | | Net Lumpsum Payment | $64,107,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,732,648 |
$1,341,410
$223,959 |
$2,167,279 |
| 2 |
$3,919,392 |
$1,410,505
$235,164 |
$2,273,723 |
| 3 |
$4,115,312 |
$1,482,996
$246,919 |
$2,385,397 |
| 4 |
$4,321,152 |
$1,559,157
$259,269 |
$2,502,726 |
| 5 |
$4,537,160 |
$1,639,080
$272,230 |
$2,625,850 |
| 6 |
$4,764,080 |
$1,723,040
$285,845 |
$2,755,195 |
| 7 |
$5,002,160 |
$1,811,130
$300,130 |
$2,890,900 |
| 8 |
$5,252,392 |
$1,903,715
$315,144 |
$3,033,533 |
| 9 |
$5,515,024 |
$2,000,889
$330,901 |
$3,183,234 |
| 10 |
$5,790,800 |
$2,102,926
$347,448 |
$3,340,426 |
| 11 |
$6,080,216 |
$2,210,010
$364,813 |
$3,505,393 |
| 12 |
$6,384,264 |
$2,322,508
$383,056 |
$3,678,700 |
| 13 |
$6,703,440 |
$2,440,603
$402,206 |
$3,860,631 |
| 14 |
$7,038,736 |
$2,564,663
$422,324 |
$4,051,749 |
| 15 |
$7,390,648 |
$2,694,870
$443,439 |
$4,252,339 |
| 16 |
$7,760,168 |
$2,831,593
$465,610 |
$4,462,965 |
| 17 |
$8,148,040 |
$2,975,105
$488,882 |
$4,684,053 |
| 18 |
$8,555,504 |
$3,125,867
$513,330 |
$4,916,307 |
| 19 |
$8,983,304 |
$3,284,153
$538,998 |
$5,160,153 |
| 20 |
$9,432,432 |
$3,450,330
$565,946 |
$5,416,156 |
| 21 |
$9,904,128 |
$3,624,858
$594,248 |
$5,685,022 |
| 22 |
$10,399,384 |
$3,808,102
$623,963 |
$5,967,319 |
| 23 |
$10,919,192 |
$4,000,431
$655,152 |
$6,263,609 |
| 24 |
$11,465,288 |
$4,202,487
$687,917 |
$6,574,884 |
| 25 |
$12,038,416 |
$4,414,544
$722,305 |
$6,901,567 |
| 26 |
$12,640,560 |
$4,637,338
$758,434 |
$7,244,788 |
| 27 |
$13,272,464 |
$4,871,142
$796,348 |
$7,604,974 |
| 28 |
$13,936,112 |
$5,116,692
$836,167 |
$7,983,253 |
| 29 |
$14,632,992 |
$5,374,537
$877,980 |
$8,380,475 |
| 30 |
$15,364,592 |
$5,645,229
$921,876 |
$8,797,487 |
|
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