The jackpot for the Powerball draw on Wed Oct 29, 2025, is projected to be $376 Million, with an option for a cash payout of $179.3 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 Oct 29, 2025 |
|---|
| Draw Date | Wed Oct 29, 2025 | | Projected Jackpot | $376,000,000 | | Cash Value | $179,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $179,300,000 | | Federal Tax(24%) | $43,032,000 | | Additional Federal Tax | $23,269,330 | | State Tax(6%) | $10,758,000 | | Net Lumpsum Payment | $102,240,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,659,176 |
$2,054,226
$339,551 |
$3,265,399 |
| 2 |
$5,942,304 |
$2,158,983
$356,538 |
$3,426,783 |
| 3 |
$6,239,344 |
$2,268,888
$374,361 |
$3,596,095 |
| 4 |
$6,551,424 |
$2,384,357
$393,085 |
$3,773,982 |
| 5 |
$6,878,920 |
$2,505,531
$412,735 |
$3,960,654 |
| 6 |
$7,222,960 |
$2,632,826
$433,378 |
$4,156,756 |
| 7 |
$7,583,920 |
$2,766,381
$455,035 |
$4,362,504 |
| 8 |
$7,963,304 |
$2,906,753
$477,798 |
$4,578,753 |
| 9 |
$8,361,488 |
$3,054,081
$501,689 |
$4,805,718 |
| 10 |
$8,779,600 |
$3,208,782
$526,776 |
$5,044,042 |
| 11 |
$9,218,392 |
$3,371,135
$553,104 |
$5,294,153 |
| 12 |
$9,679,368 |
$3,541,697
$580,762 |
$5,556,909 |
| 13 |
$10,163,280 |
$3,720,744
$609,797 |
$5,832,739 |
| 14 |
$10,671,632 |
$3,908,834
$640,298 |
$6,122,500 |
| 15 |
$11,205,176 |
$4,106,246
$672,311 |
$6,426,619 |
| 16 |
$11,765,416 |
$4,313,534
$705,925 |
$6,745,957 |
| 17 |
$12,353,480 |
$4,531,118
$741,209 |
$7,081,153 |
| 18 |
$12,971,248 |
$4,759,692
$778,275 |
$7,433,281 |
| 19 |
$13,619,848 |
$4,999,674
$817,191 |
$7,802,983 |
| 20 |
$14,300,784 |
$5,251,620
$858,047 |
$8,191,117 |
| 21 |
$15,015,936 |
$5,516,227
$900,956 |
$8,598,753 |
| 22 |
$15,766,808 |
$5,794,049
$946,008 |
$9,026,751 |
| 23 |
$16,554,904 |
$6,085,645
$993,294 |
$9,475,965 |
| 24 |
$17,382,856 |
$6,391,987
$1,042,971 |
$9,947,898 |
| 25 |
$18,251,792 |
$6,713,493
$1,095,108 |
$10,443,191 |
| 26 |
$19,164,720 |
$7,051,277
$1,149,883 |
$10,963,560 |
| 27 |
$20,122,768 |
$7,405,755
$1,207,366 |
$11,509,647 |
| 28 |
$21,128,944 |
$7,778,040
$1,267,737 |
$12,083,167 |
| 29 |
$22,185,504 |
$8,168,967
$1,331,130 |
$12,685,407 |
| 30 |
$23,294,704 |
$8,579,371
$1,397,682 |
$13,317,651 |
|
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