The jackpot for the Powerball draw on Sat Jan 3, 2026, is projected to be $64 Million, with an option for a cash payout of $29.5 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 Jan 3, 2026 |
|---|
| Draw Date | Sat Jan 3, 2026 | | Projected Jackpot | $64,000,000 | | Cash Value | $29,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $29,500,000 | | Federal Tax(24%) | $7,080,000 | | Additional Federal Tax | $3,795,330 | | State Tax(6%) | $1,770,000 | | Net Lumpsum Payment | $16,854,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$963,264 |
$316,738
$57,796 |
$588,730 |
| 2 |
$1,011,456 |
$334,569
$60,687 |
$616,200 |
| 3 |
$1,062,016 |
$353,276
$63,721 |
$645,019 |
| 4 |
$1,115,136 |
$372,931
$66,908 |
$675,297 |
| 5 |
$1,170,880 |
$393,556
$70,253 |
$707,071 |
| 6 |
$1,229,440 |
$415,223
$73,766 |
$740,451 |
| 7 |
$1,290,880 |
$437,956
$77,453 |
$775,471 |
| 8 |
$1,355,456 |
$461,849
$81,327 |
$812,280 |
| 9 |
$1,423,232 |
$486,926
$85,394 |
$850,912 |
| 10 |
$1,494,400 |
$513,258
$89,664 |
$891,478 |
| 11 |
$1,569,088 |
$540,893
$94,145 |
$934,050 |
| 12 |
$1,647,552 |
$569,925
$98,853 |
$978,774 |
| 13 |
$1,729,920 |
$600,401
$103,795 |
$1,025,724 |
| 14 |
$1,816,448 |
$632,416
$108,987 |
$1,075,045 |
| 15 |
$1,907,264 |
$666,018
$114,436 |
$1,126,810 |
| 16 |
$2,002,624 |
$701,301
$120,157 |
$1,181,166 |
| 17 |
$2,102,720 |
$738,337
$126,163 |
$1,238,220 |
| 18 |
$2,207,872 |
$777,243
$132,472 |
$1,298,157 |
| 19 |
$2,318,272 |
$818,091
$139,096 |
$1,361,085 |
| 20 |
$2,434,176 |
$860,976
$146,051 |
$1,427,149 |
| 21 |
$2,555,904 |
$906,015
$153,354 |
$1,496,535 |
| 22 |
$2,683,712 |
$953,304
$161,023 |
$1,569,385 |
| 23 |
$2,817,856 |
$1,002,937
$169,071 |
$1,645,848 |
| 24 |
$2,958,784 |
$1,055,080
$177,527 |
$1,726,177 |
| 25 |
$3,106,688 |
$1,109,805
$186,401 |
$1,810,482 |
| 26 |
$3,262,080 |
$1,167,300
$195,725 |
$1,899,055 |
| 27 |
$3,425,152 |
$1,227,637
$205,509 |
$1,992,006 |
| 28 |
$3,596,416 |
$1,291,004
$215,785 |
$2,089,627 |
| 29 |
$3,776,256 |
$1,357,545
$226,575 |
$2,192,136 |
| 30 |
$3,965,056 |
$1,427,401
$237,903 |
$2,299,752 |
|
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