The jackpot for the Powerball draw on Sat Oct 3, 2026, is projected to be $440 Million, with an option for a cash payout of $183.1 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 Oct 3, 2026 |
|---|
| Draw Date | Sat Oct 3, 2026 | | Projected Jackpot | $440,000,000 | | Cash Value | $183,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $183,100,000 | | Federal Tax(24%) | $43,944,000 | | Additional Federal Tax | $23,763,330 | | State Tax(6%) | $10,986,000 | | Net Lumpsum Payment | $104,406,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,622,440 |
$2,410,633
$397,346 |
$3,814,461 |
| 2 |
$6,953,760 |
$2,533,222
$417,226 |
$4,003,312 |
| 3 |
$7,301,360 |
$2,661,834
$438,082 |
$4,201,444 |
| 4 |
$7,666,560 |
$2,796,958
$459,994 |
$4,409,608 |
| 5 |
$8,049,800 |
$2,938,756
$482,988 |
$4,628,056 |
| 6 |
$8,452,400 |
$3,087,718
$507,144 |
$4,857,538 |
| 7 |
$8,874,800 |
$3,244,006
$532,488 |
$5,098,306 |
| 8 |
$9,318,760 |
$3,408,272
$559,126 |
$5,351,362 |
| 9 |
$9,784,720 |
$3,580,677
$587,083 |
$5,616,960 |
| 10 |
$10,274,000 |
$3,761,710
$616,440 |
$5,895,850 |
| 11 |
$10,787,480 |
$3,951,698
$647,249 |
$6,188,533 |
| 12 |
$11,326,920 |
$4,151,291
$679,615 |
$6,496,014 |
| 13 |
$11,893,200 |
$4,360,814
$713,592 |
$6,818,794 |
| 14 |
$12,488,080 |
$4,580,920
$749,285 |
$7,157,875 |
| 15 |
$13,112,440 |
$4,811,933
$786,746 |
$7,513,761 |
| 16 |
$13,768,040 |
$5,054,505
$826,082 |
$7,887,453 |
| 17 |
$14,456,200 |
$5,309,124
$867,372 |
$8,279,704 |
| 18 |
$15,179,120 |
$5,576,605
$910,747 |
$8,691,768 |
| 19 |
$15,938,120 |
$5,857,435
$956,287 |
$9,124,398 |
| 20 |
$16,734,960 |
$6,152,266
$1,004,098 |
$9,578,596 |
| 21 |
$17,571,840 |
$6,461,911
$1,054,310 |
$10,055,619 |
| 22 |
$18,450,520 |
$6,787,023
$1,107,031 |
$10,556,466 |
| 23 |
$19,372,760 |
$7,128,252
$1,162,366 |
$11,082,142 |
| 24 |
$20,341,640 |
$7,486,737
$1,220,498 |
$11,634,405 |
| 25 |
$21,358,480 |
$7,862,968
$1,281,509 |
$12,214,003 |
| 26 |
$22,426,800 |
$8,258,246
$1,345,608 |
$12,822,946 |
| 27 |
$23,547,920 |
$8,673,061
$1,412,875 |
$13,461,984 |
| 28 |
$24,725,360 |
$9,108,714
$1,483,522 |
$14,133,124 |
| 29 |
$25,961,760 |
$9,566,182
$1,557,706 |
$14,837,872 |
| 30 |
$27,259,760 |
$10,046,442
$1,635,586 |
$15,577,732 |
|
|
