The jackpot for the Powerball draw on Mon Mar 17, 2025, is projected to be $398 Million, with an option for a cash payout of $185.7 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 Mar 17, 2025 |
|---|
| Draw Date | Mon Mar 17, 2025 | | Projected Jackpot | $398,000,000 | | Cash Value | $185,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $185,700,000 | | Federal Tax(24%) | $44,568,000 | | Additional Federal Tax | $24,101,330 | | State Tax(6%) | $11,142,000 | | Net Lumpsum Payment | $105,888,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,990,298 |
$2,176,741
$359,418 |
$3,454,139 |
| 2 |
$6,289,992 |
$2,287,627
$377,400 |
$3,624,965 |
| 3 |
$6,604,412 |
$2,403,963
$396,265 |
$3,804,184 |
| 4 |
$6,934,752 |
$2,526,189
$416,085 |
$3,992,478 |
| 5 |
$7,281,410 |
$2,654,452
$436,885 |
$4,190,073 |
| 6 |
$7,645,580 |
$2,789,195
$458,735 |
$4,397,650 |
| 7 |
$8,027,660 |
$2,930,565
$481,660 |
$4,615,435 |
| 8 |
$8,429,242 |
$3,079,150
$505,755 |
$4,844,337 |
| 9 |
$8,850,724 |
$3,235,098
$531,043 |
$5,084,583 |
| 10 |
$9,293,300 |
$3,398,851
$557,598 |
$5,336,851 |
| 11 |
$9,757,766 |
$3,570,704
$585,466 |
$5,601,596 |
| 12 |
$10,245,714 |
$3,751,245
$614,743 |
$5,879,726 |
| 13 |
$10,757,940 |
$3,940,768
$645,476 |
$6,171,696 |
| 14 |
$11,296,036 |
$4,139,864
$677,762 |
$6,478,410 |
| 15 |
$11,860,798 |
$4,348,826
$711,648 |
$6,800,324 |
| 16 |
$12,453,818 |
$4,568,243
$747,229 |
$7,138,346 |
| 17 |
$13,076,290 |
$4,798,558
$784,577 |
$7,493,155 |
| 18 |
$13,730,204 |
$5,040,506
$823,812 |
$7,865,886 |
| 19 |
$14,416,754 |
$5,294,529
$865,005 |
$8,257,220 |
| 20 |
$15,137,532 |
$5,561,217
$908,252 |
$8,668,063 |
| 21 |
$15,894,528 |
$5,841,306
$953,672 |
$9,099,550 |
| 22 |
$16,689,334 |
$6,135,384
$1,001,360 |
$9,552,590 |
| 23 |
$17,523,542 |
$6,444,041
$1,051,413 |
$10,028,088 |
| 24 |
$18,399,938 |
$6,768,307
$1,103,996 |
$10,527,635 |
| 25 |
$19,319,716 |
$7,108,625
$1,159,183 |
$11,051,908 |
| 26 |
$20,286,060 |
$7,466,173
$1,217,164 |
$11,602,723 |
| 27 |
$21,300,164 |
$7,841,391
$1,278,010 |
$12,180,763 |
| 28 |
$22,365,212 |
$8,235,459
$1,341,913 |
$12,787,840 |
| 29 |
$23,483,592 |
$8,649,259
$1,409,016 |
$13,425,317 |
| 30 |
$24,657,692 |
$9,083,676
$1,479,462 |
$14,094,554 |
|
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