The jackpot for the Powerball draw on Sat Mar 1, 2025, is projected to be $272 Million, with an option for a cash payout of $124.4 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 Mar 1, 2025 |
|---|
| Draw Date | Sat Mar 1, 2025 | | Projected Jackpot | $272,000,000 | | Cash Value | $124,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $124,400,000 | | Federal Tax(24%) | $29,856,000 | | Additional Federal Tax | $16,132,330 | | State Tax(6%) | $7,464,000 | | Net Lumpsum Payment | $70,947,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,093,872 |
$1,475,063
$245,632 |
$2,373,177 |
| 2 |
$4,298,688 |
$1,550,845
$257,921 |
$2,489,922 |
| 3 |
$4,513,568 |
$1,630,351
$270,814 |
$2,612,403 |
| 4 |
$4,739,328 |
$1,713,882
$284,360 |
$2,741,086 |
| 5 |
$4,976,240 |
$1,801,539
$298,574 |
$2,876,127 |
| 6 |
$5,225,120 |
$1,893,625
$313,507 |
$3,017,988 |
| 7 |
$5,486,240 |
$1,990,239
$329,174 |
$3,166,827 |
| 8 |
$5,760,688 |
$2,091,785
$345,641 |
$3,323,262 |
| 9 |
$6,048,736 |
$2,198,363
$362,924 |
$3,487,449 |
| 10 |
$6,351,200 |
$2,310,274
$381,072 |
$3,659,854 |
| 11 |
$6,668,624 |
$2,427,721
$400,117 |
$3,840,786 |
| 12 |
$7,002,096 |
$2,551,106
$420,126 |
$4,030,864 |
| 13 |
$7,352,160 |
$2,680,630
$441,130 |
$4,230,400 |
| 14 |
$7,719,904 |
$2,816,695
$463,194 |
$4,440,015 |
| 15 |
$8,105,872 |
$2,959,503
$486,352 |
$4,660,017 |
| 16 |
$8,511,152 |
$3,109,457
$510,669 |
$4,891,026 |
| 17 |
$8,936,560 |
$3,266,858
$536,194 |
$5,133,508 |
| 18 |
$9,383,456 |
$3,432,209
$563,007 |
$5,388,240 |
| 19 |
$9,852,656 |
$3,605,813
$591,159 |
$5,655,684 |
| 20 |
$10,345,248 |
$3,788,072
$620,715 |
$5,936,461 |
| 21 |
$10,862,592 |
$3,979,489
$651,756 |
$6,231,347 |
| 22 |
$11,405,776 |
$4,180,468
$684,347 |
$6,540,961 |
| 23 |
$11,975,888 |
$4,391,409
$718,553 |
$6,865,926 |
| 24 |
$12,574,832 |
$4,613,018
$754,490 |
$7,207,324 |
| 25 |
$13,203,424 |
$4,845,597
$792,205 |
$7,565,622 |
| 26 |
$13,863,840 |
$5,089,951
$831,830 |
$7,942,059 |
| 27 |
$14,556,896 |
$5,346,382
$873,414 |
$8,337,100 |
| 28 |
$15,284,768 |
$5,615,695
$917,086 |
$8,751,987 |
| 29 |
$16,049,088 |
$5,898,493
$962,945 |
$9,187,650 |
| 30 |
$16,851,488 |
$6,195,381
$1,011,089 |
$9,645,018 |
|
|
