The jackpot for the Powerball draw on Sat Aug 9, 2025, is projected to be $482 Million, with an option for a cash payout of $218.9 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 Aug 9, 2025 |
|---|
| Draw Date | Sat Aug 9, 2025 | | Projected Jackpot | $482,000,000 | | Cash Value | $218,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $218,900,000 | | Federal Tax(24%) | $52,536,000 | | Additional Federal Tax | $28,417,330 | | State Tax(6%) | $13,134,000 | | Net Lumpsum Payment | $124,812,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,254,582 |
$2,644,526
$435,275 |
$4,174,781 |
| 2 |
$7,617,528 |
$2,778,816
$457,052 |
$4,381,660 |
| 3 |
$7,998,308 |
$2,919,704
$479,898 |
$4,598,706 |
| 4 |
$8,398,368 |
$3,067,727
$503,902 |
$4,826,739 |
| 5 |
$8,818,190 |
$3,223,061
$529,091 |
$5,066,038 |
| 6 |
$9,259,220 |
$3,386,242
$555,553 |
$5,317,425 |
| 7 |
$9,721,940 |
$3,557,448
$583,316 |
$5,581,176 |
| 8 |
$10,208,278 |
$3,737,393
$612,497 |
$5,858,388 |
| 9 |
$10,718,716 |
$3,926,255
$643,123 |
$6,149,338 |
| 10 |
$11,254,700 |
$4,124,569
$675,282 |
$6,454,849 |
| 11 |
$11,817,194 |
$4,332,692
$709,032 |
$6,775,470 |
| 12 |
$12,408,126 |
$4,551,337
$744,488 |
$7,112,301 |
| 13 |
$13,028,460 |
$4,780,861
$781,708 |
$7,465,891 |
| 14 |
$13,680,124 |
$5,021,976
$820,807 |
$7,837,341 |
| 15 |
$14,364,082 |
$5,275,041
$861,845 |
$8,227,196 |
| 16 |
$15,082,262 |
$5,540,767
$904,936 |
$8,636,559 |
| 17 |
$15,836,110 |
$5,819,691
$950,167 |
$9,066,252 |
| 18 |
$16,628,036 |
$6,112,704
$997,682 |
$9,517,650 |
| 19 |
$17,459,486 |
$6,420,340
$1,047,569 |
$9,991,577 |
| 20 |
$18,332,388 |
$6,743,314
$1,099,943 |
$10,489,131 |
| 21 |
$19,249,152 |
$7,082,517
$1,154,949 |
$11,011,686 |
| 22 |
$20,211,706 |
$7,438,662
$1,212,702 |
$11,560,342 |
| 23 |
$21,221,978 |
$7,812,462
$1,273,319 |
$12,136,197 |
| 24 |
$22,283,342 |
$8,205,167
$1,337,001 |
$12,741,174 |
| 25 |
$23,397,244 |
$8,617,311
$1,403,835 |
$13,376,098 |
| 26 |
$24,567,540 |
$9,050,320
$1,474,052 |
$14,043,168 |
| 27 |
$25,795,676 |
$9,504,731
$1,547,741 |
$14,743,204 |
| 28 |
$27,085,508 |
$9,981,968
$1,625,130 |
$15,478,410 |
| 29 |
$28,439,928 |
$10,483,104
$1,706,396 |
$16,250,428 |
| 30 |
$29,861,828 |
$11,009,207
$1,791,710 |
$17,060,911 |
|
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