The jackpot for the Powerball draw on Sat Jun 13, 2026, is projected to be $258 Million, with an option for a cash payout of $115 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 Jun 13, 2026 |
|---|
| Draw Date | Sat Jun 13, 2026 | | Projected Jackpot | $258,000,000 | | Cash Value | $115,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $115,000,000 | | Federal Tax(24%) | $27,600,000 | | Additional Federal Tax | $14,910,330 | | State Tax(6%) | $6,900,000 | | Net Lumpsum Payment | $65,589,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,883,158 |
$1,397,099
$232,989 |
$2,253,070 |
| 2 |
$4,077,432 |
$1,468,980
$244,646 |
$2,363,806 |
| 3 |
$4,281,252 |
$1,544,394
$256,875 |
$2,479,983 |
| 4 |
$4,495,392 |
$1,623,625
$269,724 |
$2,602,043 |
| 5 |
$4,720,110 |
$1,706,771
$283,207 |
$2,730,132 |
| 6 |
$4,956,180 |
$1,794,117
$297,371 |
$2,864,692 |
| 7 |
$5,203,860 |
$1,885,759
$312,232 |
$3,005,869 |
| 8 |
$5,464,182 |
$1,982,078
$327,851 |
$3,154,253 |
| 9 |
$5,737,404 |
$2,083,170
$344,244 |
$3,309,990 |
| 10 |
$6,024,300 |
$2,189,321
$361,458 |
$3,473,521 |
| 11 |
$6,325,386 |
$2,300,723
$379,523 |
$3,645,140 |
| 12 |
$6,641,694 |
$2,417,757
$398,502 |
$3,825,435 |
| 13 |
$6,973,740 |
$2,540,614
$418,424 |
$4,014,702 |
| 14 |
$7,322,556 |
$2,669,676
$439,353 |
$4,213,527 |
| 15 |
$7,688,658 |
$2,805,134
$461,319 |
$4,422,205 |
| 16 |
$8,073,078 |
$2,947,369
$484,385 |
$4,641,324 |
| 17 |
$8,476,590 |
$3,096,669
$508,595 |
$4,871,326 |
| 18 |
$8,900,484 |
$3,253,509
$534,029 |
$5,112,946 |
| 19 |
$9,345,534 |
$3,418,178
$560,732 |
$5,366,624 |
| 20 |
$9,812,772 |
$3,591,056
$588,766 |
$5,632,950 |
| 21 |
$10,303,488 |
$3,772,621
$618,209 |
$5,912,658 |
| 22 |
$10,818,714 |
$3,963,255
$649,123 |
$6,206,336 |
| 23 |
$11,359,482 |
$4,163,339
$681,569 |
$6,514,574 |
| 24 |
$11,927,598 |
$4,373,542
$715,656 |
$6,838,400 |
| 25 |
$12,523,836 |
$4,594,150
$751,430 |
$7,178,256 |
| 26 |
$13,150,260 |
$4,825,927
$789,016 |
$7,535,317 |
| 27 |
$13,807,644 |
$5,069,159
$828,459 |
$7,910,026 |
| 28 |
$14,498,052 |
$5,324,610
$869,883 |
$8,303,559 |
| 29 |
$15,223,032 |
$5,592,852
$913,382 |
$8,716,798 |
| 30 |
$15,984,132 |
$5,874,459
$959,048 |
$9,150,625 |
|
|
