The jackpot for the Powerball draw on Wed Jul 2, 2025, is projected to be $174 Million, with an option for a cash payout of $79.7 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 Jul 2, 2025 |
---|
Draw Date | Wed Jul 2, 2025 | Projected Jackpot | $174,000,000 | Cash Value | $79,700,000 |
Lumpsum Option Taxes and Payment |
---|
Cash Gross Payment | $79,700,000 | Federal Tax(24%) | $19,128,000 | Additional Federal Tax | $10,321,330 | State Tax(6%) | $4,782,000 | Net Lumpsum Payment | $45,468,670 |
Annuity Payment in 30 Installations |
---|
Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$2,618,874 |
$929,314 $157,132 |
$1,532,428 |
2 |
$2,749,896 |
$977,792 $164,994 |
$1,607,110 |
3 |
$2,887,356 |
$1,028,652 $173,241 |
$1,685,463 |
4 |
$3,031,776 |
$1,082,088 $181,907 |
$1,767,781 |
5 |
$3,183,330 |
$1,138,162 $191,000 |
$1,854,168 |
6 |
$3,342,540 |
$1,197,070 $200,552 |
$1,944,918 |
7 |
$3,509,580 |
$1,258,875 $210,575 |
$2,040,130 |
8 |
$3,685,146 |
$1,323,834 $221,109 |
$2,140,203 |
9 |
$3,869,412 |
$1,392,013 $232,165 |
$2,245,234 |
10 |
$4,062,900 |
$1,463,603 $243,774 |
$2,355,523 |
11 |
$4,265,958 |
$1,538,735 $255,957 |
$2,471,266 |
12 |
$4,479,282 |
$1,617,665 $268,757 |
$2,592,860 |
13 |
$4,703,220 |
$1,700,522 $282,193 |
$2,720,505 |
14 |
$4,938,468 |
$1,787,564 $296,308 |
$2,854,596 |
15 |
$5,185,374 |
$1,878,919 $311,122 |
$2,995,333 |
16 |
$5,444,634 |
$1,974,845 $326,678 |
$3,143,111 |
17 |
$5,716,770 |
$2,075,535 $343,006 |
$3,298,229 |
18 |
$6,002,652 |
$2,181,312 $360,159 |
$3,461,181 |
19 |
$6,302,802 |
$2,292,367 $378,168 |
$3,632,267 |
20 |
$6,617,916 |
$2,408,959 $397,075 |
$3,811,882 |
21 |
$6,948,864 |
$2,531,410 $416,932 |
$4,000,522 |
22 |
$7,296,342 |
$2,659,977 $437,781 |
$4,198,584 |
23 |
$7,661,046 |
$2,794,917 $459,663 |
$4,406,466 |
24 |
$8,044,194 |
$2,936,682 $482,652 |
$4,624,860 |
25 |
$8,446,308 |
$3,085,464 $506,778 |
$4,854,066 |
26 |
$8,868,780 |
$3,241,779 $532,127 |
$5,094,874 |
27 |
$9,312,132 |
$3,405,819 $558,728 |
$5,347,585 |
28 |
$9,777,756 |
$3,578,100 $586,665 |
$5,612,991 |
29 |
$10,266,696 |
$3,759,008 $616,002 |
$5,891,686 |
30 |
$10,779,996 |
$3,948,929 $646,800 |
$6,184,267 |
|
|