The jackpot for the Powerball draw on Sat May 24, 2025, is projected to be $163 Million, with an option for a cash payout of $73.3 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 Sat May 24, 2025 |
| Draw Date |
Sat May 24, 2025 |
| Projected Jackpot |
$163,000,000 |
| Cash Value |
$73,300,000 |
| Lumpsum Option Taxes and Payment |
| Cash Gross Payment |
$73,300,000 |
| Federal Tax(24%) |
$17,592,000 |
| Additional Federal Tax |
$9,489,330 |
| State Tax(6%) |
$4,398,000 |
| Net Lumpsum Payment |
$41,820,670 |
| Annuity Payment in 30 Installations |
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,453,313 |
$868,056
$147,199 |
$1,438,058 |
| 2 |
$2,576,052 |
$913,470
$154,563 |
$1,508,019 |
| 3 |
$2,704,822 |
$961,115
$162,289 |
$1,581,418 |
| 4 |
$2,840,112 |
$1,011,172
$170,407 |
$1,658,533 |
| 5 |
$2,982,085 |
$1,063,702
$178,925 |
$1,739,458 |
| 6 |
$3,131,230 |
$1,118,885
$187,874 |
$1,824,471 |
| 7 |
$3,287,710 |
$1,176,783
$197,263 |
$1,913,664 |
| 8 |
$3,452,177 |
$1,237,636
$207,131 |
$2,007,410 |
| 9 |
$3,624,794 |
$1,301,504
$217,488 |
$2,105,802 |
| 10 |
$3,806,050 |
$1,368,569
$228,363 |
$2,209,118 |
| 11 |
$3,996,271 |
$1,438,951
$239,776 |
$2,317,544 |
| 12 |
$4,196,109 |
$1,512,891
$251,767 |
$2,431,451 |
| 13 |
$4,405,890 |
$1,590,510
$264,353 |
$2,551,027 |
| 14 |
$4,626,266 |
$1,672,049
$277,576 |
$2,676,641 |
| 15 |
$4,857,563 |
$1,757,629
$291,454 |
$2,808,480 |
| 16 |
$5,100,433 |
$1,847,491
$306,026 |
$2,946,916 |
| 17 |
$5,355,365 |
$1,941,815
$321,322 |
$3,092,228 |
| 18 |
$5,623,174 |
$2,040,905
$337,390 |
$3,244,879 |
| 19 |
$5,904,349 |
$2,144,940
$354,261 |
$3,405,148 |
| 20 |
$6,199,542 |
$2,254,161
$371,973 |
$3,573,408 |
| 21 |
$6,509,568 |
$2,368,871
$390,574 |
$3,750,123 |
| 22 |
$6,835,079 |
$2,489,310
$410,105 |
$3,935,664 |
| 23 |
$7,176,727 |
$2,615,719
$430,604 |
$4,130,404 |
| 24 |
$7,535,653 |
$2,748,522
$452,139 |
$4,334,992 |
| 25 |
$7,912,346 |
$2,887,898
$474,741 |
$4,549,707 |
| 26 |
$8,308,110 |
$3,034,331
$498,487 |
$4,775,292 |
| 27 |
$8,723,434 |
$3,188,001
$523,406 |
$5,012,027 |
| 28 |
$9,159,622 |
$3,349,391
$549,577 |
$5,260,654 |
| 29 |
$9,617,652 |
$3,518,862
$577,059 |
$5,521,731 |
| 30 |
$10,098,502 |
$3,696,776
$605,910 |
$5,795,816 |
|
|
