The jackpot for the Powerball draw on Wed Apr 30, 2025, is projected to be $30 Million, with an option for a cash payout of $13.9 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 Wed Apr 30, 2025 |
|---|
| Draw Date | Wed Apr 30, 2025 | | Projected Jackpot | $30,000,000 | | Cash Value | $13,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $13,900,000 | | Federal Tax(24%) | $3,336,000 | | Additional Federal Tax | $1,767,330 | | State Tax(6%) | $834,000 | | Net Lumpsum Payment | $7,962,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$451,530 |
$127,396
$27,092 |
$297,042 |
| 2 |
$474,120 |
$135,755
$28,447 |
$309,918 |
| 3 |
$497,820 |
$144,524
$29,869 |
$323,427 |
| 4 |
$522,720 |
$153,737
$31,363 |
$337,620 |
| 5 |
$548,850 |
$163,405
$32,931 |
$352,514 |
| 6 |
$576,300 |
$173,561
$34,578 |
$368,161 |
| 7 |
$605,100 |
$184,217
$36,306 |
$384,577 |
| 8 |
$635,370 |
$195,417
$38,122 |
$401,831 |
| 9 |
$667,140 |
$207,172
$40,028 |
$419,940 |
| 10 |
$700,500 |
$219,515
$42,030 |
$438,955 |
| 11 |
$735,510 |
$232,469
$44,131 |
$458,910 |
| 12 |
$772,290 |
$246,078
$46,337 |
$479,875 |
| 13 |
$810,900 |
$260,363
$48,654 |
$501,883 |
| 14 |
$851,460 |
$275,371
$51,088 |
$525,001 |
| 15 |
$894,030 |
$291,121
$53,642 |
$549,267 |
| 16 |
$938,730 |
$307,660
$56,324 |
$574,746 |
| 17 |
$985,650 |
$325,021
$59,139 |
$601,490 |
| 18 |
$1,034,940 |
$343,258
$62,096 |
$629,586 |
| 19 |
$1,086,690 |
$362,406
$65,201 |
$659,083 |
| 20 |
$1,141,020 |
$382,508
$68,461 |
$690,051 |
| 21 |
$1,198,080 |
$403,620
$71,885 |
$722,575 |
| 22 |
$1,257,990 |
$425,787
$75,479 |
$756,724 |
| 23 |
$1,320,870 |
$449,052
$79,252 |
$792,566 |
| 24 |
$1,386,930 |
$473,494
$83,216 |
$830,220 |
| 25 |
$1,456,260 |
$499,147
$87,376 |
$869,737 |
| 26 |
$1,529,100 |
$526,097
$91,746 |
$911,257 |
| 27 |
$1,605,540 |
$554,380
$96,332 |
$954,828 |
| 28 |
$1,685,820 |
$584,084
$101,149 |
$1,000,587 |
| 29 |
$1,770,120 |
$615,275
$106,207 |
$1,048,638 |
| 30 |
$1,858,620 |
$648,020
$111,517 |
$1,099,083 |
|
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