The jackpot for the Powerball draw on Wed Aug 12, 2026, is projected to be $975 Million, with an option for a cash payout of $422.3 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 Aug 12, 2026 |
|---|
| Draw Date | Wed Aug 12, 2026 | | Projected Jackpot | $975,000,000 | | Cash Value | $422,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $422,300,000 | | Federal Tax(24%) | $101,352,000 | | Additional Federal Tax | $54,859,330 | | State Tax(6%) | $25,338,000 | | Net Lumpsum Payment | $240,750,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$14,674,725 |
$5,389,979
$880,484 |
$8,404,262 |
| 2 |
$15,408,900 |
$5,661,623
$924,534 |
$8,822,743 |
| 3 |
$16,179,150 |
$5,946,616
$970,749 |
$9,261,785 |
| 4 |
$16,988,400 |
$6,246,038
$1,019,304 |
$9,723,058 |
| 5 |
$17,837,625 |
$6,560,252
$1,070,258 |
$10,207,115 |
| 6 |
$18,729,750 |
$6,890,338
$1,123,785 |
$10,715,627 |
| 7 |
$19,665,750 |
$7,236,658
$1,179,945 |
$11,249,147 |
| 8 |
$20,649,525 |
$7,600,655
$1,238,972 |
$11,809,898 |
| 9 |
$21,682,050 |
$7,982,689
$1,300,923 |
$12,398,438 |
| 10 |
$22,766,250 |
$8,383,843
$1,365,975 |
$13,016,432 |
| 11 |
$23,904,075 |
$8,804,838
$1,434,245 |
$13,664,992 |
| 12 |
$25,099,425 |
$9,247,118
$1,505,966 |
$14,346,341 |
| 13 |
$26,354,250 |
$9,711,403
$1,581,255 |
$15,061,592 |
| 14 |
$27,672,450 |
$10,199,137
$1,660,347 |
$15,812,966 |
| 15 |
$29,055,975 |
$10,711,041
$1,743,359 |
$16,601,575 |
| 16 |
$30,508,725 |
$11,248,559
$1,830,524 |
$17,429,642 |
| 17 |
$32,033,625 |
$11,812,772
$1,922,018 |
$18,298,835 |
| 18 |
$33,635,550 |
$12,405,484
$2,018,133 |
$19,211,933 |
| 19 |
$35,317,425 |
$13,027,778
$2,119,046 |
$20,170,601 |
| 20 |
$37,083,150 |
$13,681,096
$2,224,989 |
$21,177,065 |
| 21 |
$38,937,600 |
$14,367,242
$2,336,256 |
$22,234,102 |
| 22 |
$40,884,675 |
$15,087,660
$2,453,081 |
$23,343,934 |
| 23 |
$42,928,275 |
$15,843,792
$2,575,697 |
$24,508,786 |
| 24 |
$45,075,225 |
$16,638,164
$2,704,514 |
$25,732,547 |
| 25 |
$47,328,450 |
$17,471,857
$2,839,707 |
$27,016,886 |
| 26 |
$49,695,750 |
$18,347,758
$2,981,745 |
$28,366,247 |
| 27 |
$52,180,050 |
$19,266,949
$3,130,803 |
$29,782,298 |
| 28 |
$54,789,150 |
$20,232,316
$3,287,349 |
$31,269,485 |
| 29 |
$57,528,900 |
$21,246,023
$3,451,734 |
$32,831,143 |
| 30 |
$60,405,150 |
$22,310,236
$3,624,309 |
$34,470,605 |
|
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