The jackpot for the Powerball draw on Sat Apr 4, 2026, is projected to be $217 Million, with an option for a cash payout of $97.4 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 Sat Apr 4, 2026 |
|---|
| Draw Date | Sat Apr 4, 2026 | | Projected Jackpot | $217,000,000 | | Cash Value | $97,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $97,400,000 | | Federal Tax(24%) | $23,376,000 | | Additional Federal Tax | $12,622,330 | | State Tax(6%) | $5,844,000 | | Net Lumpsum Payment | $55,557,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,266,067 |
$1,168,775
$195,964 |
$1,901,328 |
| 2 |
$3,429,468 |
$1,229,234
$205,768 |
$1,994,466 |
| 3 |
$3,600,898 |
$1,292,663
$216,054 |
$2,092,181 |
| 4 |
$3,781,008 |
$1,359,303
$226,860 |
$2,194,845 |
| 5 |
$3,970,015 |
$1,429,236
$238,201 |
$2,302,578 |
| 6 |
$4,168,570 |
$1,502,701
$250,114 |
$2,415,755 |
| 7 |
$4,376,890 |
$1,579,780
$262,613 |
$2,534,497 |
| 8 |
$4,595,843 |
$1,660,792
$275,751 |
$2,659,300 |
| 9 |
$4,825,646 |
$1,745,819
$289,539 |
$2,790,288 |
| 10 |
$5,066,950 |
$1,835,102
$304,017 |
$2,927,831 |
| 11 |
$5,320,189 |
$1,928,800
$319,211 |
$3,072,178 |
| 12 |
$5,586,231 |
$2,027,236
$335,174 |
$3,223,821 |
| 13 |
$5,865,510 |
$2,130,569
$351,931 |
$3,383,010 |
| 14 |
$6,158,894 |
$2,239,121
$369,534 |
$3,550,239 |
| 15 |
$6,466,817 |
$2,353,053
$388,009 |
$3,725,755 |
| 16 |
$6,790,147 |
$2,472,685
$407,409 |
$3,910,053 |
| 17 |
$7,129,535 |
$2,598,258
$427,772 |
$4,103,505 |
| 18 |
$7,486,066 |
$2,730,175
$449,164 |
$4,306,727 |
| 19 |
$7,860,391 |
$2,868,675
$471,623 |
$4,520,093 |
| 20 |
$8,253,378 |
$3,014,080
$495,203 |
$4,744,095 |
| 21 |
$8,666,112 |
$3,166,792
$519,967 |
$4,979,353 |
| 22 |
$9,099,461 |
$3,327,131
$545,968 |
$5,226,362 |
| 23 |
$9,554,293 |
$3,495,419
$573,258 |
$5,485,616 |
| 24 |
$10,032,127 |
$3,672,217
$601,928 |
$5,757,982 |
| 25 |
$10,533,614 |
$3,857,768
$632,017 |
$6,043,829 |
| 26 |
$11,060,490 |
$4,052,712
$663,629 |
$6,344,149 |
| 27 |
$11,613,406 |
$4,257,291
$696,804 |
$6,659,311 |
| 28 |
$12,194,098 |
$4,472,147
$731,646 |
$6,990,305 |
| 29 |
$12,803,868 |
$4,697,762
$768,232 |
$7,337,874 |
| 30 |
$13,444,018 |
$4,934,617
$806,641 |
$7,702,760 |
|
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