The jackpot for the Powerball draw on Sat Jul 4, 2026, is projected to be $396 Million, with an option for a cash payout of $180.2 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 Jul 4, 2026 |
|---|
| Draw Date | Sat Jul 4, 2026 | | Projected Jackpot | $396,000,000 | | Cash Value | $180,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $180,200,000 | | Federal Tax(24%) | $43,248,000 | | Additional Federal Tax | $23,386,330 | | State Tax(6%) | $10,812,000 | | Net Lumpsum Payment | $102,753,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,960,196 |
$2,165,603
$357,612 |
$3,436,981 |
| 2 |
$6,258,384 |
$2,275,932
$375,503 |
$3,606,949 |
| 3 |
$6,571,224 |
$2,391,683
$394,273 |
$3,785,268 |
| 4 |
$6,899,904 |
$2,513,295
$413,994 |
$3,972,615 |
| 5 |
$7,244,820 |
$2,640,914
$434,689 |
$4,169,217 |
| 6 |
$7,607,160 |
$2,774,980
$456,430 |
$4,375,750 |
| 7 |
$7,987,320 |
$2,915,639
$479,239 |
$4,592,442 |
| 8 |
$8,386,884 |
$3,063,477
$503,213 |
$4,820,194 |
| 9 |
$8,806,248 |
$3,218,642
$528,375 |
$5,059,231 |
| 10 |
$9,246,600 |
$3,381,572
$554,796 |
$5,310,232 |
| 11 |
$9,708,732 |
$3,552,561
$582,524 |
$5,573,647 |
| 12 |
$10,194,228 |
$3,732,195
$611,654 |
$5,850,379 |
| 13 |
$10,703,880 |
$3,920,766
$642,233 |
$6,140,881 |
| 14 |
$11,239,272 |
$4,118,861
$674,356 |
$6,446,055 |
| 15 |
$11,801,196 |
$4,326,773
$708,072 |
$6,766,351 |
| 16 |
$12,391,236 |
$4,545,088
$743,474 |
$7,102,674 |
| 17 |
$13,010,580 |
$4,774,245
$780,635 |
$7,455,700 |
| 18 |
$13,661,208 |
$5,014,977
$819,672 |
$7,826,559 |
| 19 |
$14,344,308 |
$5,267,724
$860,658 |
$8,215,926 |
| 20 |
$15,061,464 |
$5,533,072
$903,688 |
$8,624,704 |
| 21 |
$15,814,656 |
$5,811,753
$948,879 |
$9,054,024 |
| 22 |
$16,605,468 |
$6,104,354
$996,328 |
$9,504,786 |
| 23 |
$17,435,484 |
$6,411,459
$1,046,129 |
$9,977,896 |
| 24 |
$18,307,476 |
$6,734,097
$1,098,449 |
$10,474,930 |
| 25 |
$19,222,632 |
$7,072,704
$1,153,358 |
$10,996,570 |
| 26 |
$20,184,120 |
$7,428,455
$1,211,047 |
$11,544,618 |
| 27 |
$21,193,128 |
$7,801,788
$1,271,588 |
$12,119,752 |
| 28 |
$22,252,824 |
$8,193,875
$1,335,169 |
$12,723,780 |
| 29 |
$23,365,584 |
$8,605,596
$1,401,935 |
$13,358,053 |
| 30 |
$24,533,784 |
$9,037,830
$1,472,027 |
$14,023,927 |
|
|
