The jackpot for the Powerball draw on Sat Aug 16, 2025, is projected to be $565 Million, with an option for a cash payout of $258.8 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 16, 2025 |
|---|
| Draw Date | Sat Aug 16, 2025 | | Projected Jackpot | $565,000,000 | | Cash Value | $258,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $258,800,000 | | Federal Tax(24%) | $62,112,000 | | Additional Federal Tax | $33,604,330 | | State Tax(6%) | $15,528,000 | | Net Lumpsum Payment | $147,555,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,503,815 |
$3,106,742
$510,229 |
$4,886,844 |
| 2 |
$8,929,260 |
$3,264,157
$535,756 |
$5,129,347 |
| 3 |
$9,375,610 |
$3,429,306
$562,537 |
$5,383,767 |
| 4 |
$9,844,560 |
$3,602,818
$590,674 |
$5,651,068 |
| 5 |
$10,336,675 |
$3,784,900
$620,201 |
$5,931,574 |
| 6 |
$10,853,650 |
$3,976,181
$651,219 |
$6,226,250 |
| 7 |
$11,396,050 |
$4,176,869
$683,763 |
$6,535,418 |
| 8 |
$11,966,135 |
$4,387,800
$717,968 |
$6,860,367 |
| 9 |
$12,564,470 |
$4,609,184
$753,868 |
$7,201,418 |
| 10 |
$13,192,750 |
$4,841,648
$791,565 |
$7,559,537 |
| 11 |
$13,852,105 |
$5,085,609
$831,126 |
$7,935,370 |
| 12 |
$14,544,795 |
$5,341,905
$872,688 |
$8,330,202 |
| 13 |
$15,271,950 |
$5,610,952
$916,317 |
$8,744,681 |
| 14 |
$16,035,830 |
$5,893,587
$962,150 |
$9,180,093 |
| 15 |
$16,837,565 |
$6,190,229
$1,010,254 |
$9,637,082 |
| 16 |
$17,679,415 |
$6,501,714
$1,060,765 |
$10,116,936 |
| 17 |
$18,563,075 |
$6,828,668
$1,113,785 |
$10,620,622 |
| 18 |
$19,491,370 |
$7,172,137
$1,169,482 |
$11,149,751 |
| 19 |
$20,465,995 |
$7,532,749
$1,227,960 |
$11,705,286 |
| 20 |
$21,489,210 |
$7,911,338
$1,289,353 |
$12,288,519 |
| 21 |
$22,563,840 |
$8,308,951
$1,353,830 |
$12,901,059 |
| 22 |
$23,692,145 |
$8,726,424
$1,421,529 |
$13,544,192 |
| 23 |
$24,876,385 |
$9,164,593
$1,492,583 |
$14,219,209 |
| 24 |
$26,120,515 |
$9,624,921
$1,567,231 |
$14,928,363 |
| 25 |
$27,426,230 |
$10,108,035
$1,645,574 |
$15,672,621 |
| 26 |
$28,798,050 |
$10,615,609
$1,727,883 |
$16,454,558 |
| 27 |
$30,237,670 |
$11,148,268
$1,814,260 |
$17,275,142 |
| 28 |
$31,749,610 |
$11,707,686
$1,904,977 |
$18,136,947 |
| 29 |
$33,337,260 |
$12,295,117
$2,000,236 |
$19,041,907 |
| 30 |
$35,004,010 |
$12,911,814
$2,100,241 |
$19,991,955 |
|
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