Powerball Payout Calculator Vermont
Vermont taxes lottery winnings at 8.75% on top of federal tax. Vermont's top income tax rate of 8.75% applies to jackpot-size prizes; 6% is withheld up front. (as of Jan 2026)
Calculate your exact Vermont payout →Example: what a jackpot is worth in Vermont
After-tax estimates using 8.75% state tax, the 2026 federal brackets (24% withheld up front, 37% top rate), and a lump sum cash value of 47% of the advertised jackpot.
| Advertised jackpot | Lump sum net | Annuity net (30-yr total) | First annuity payment (net) |
|---|---|---|---|
| $100M | $25,541,543 | $55,571,282 | $860,583 |
| $500M | $127,531,543 | $272,571,282 | $4,126,745 |
| $1B | $255,019,043 | $543,821,282 | $8,209,446 |
How Vermont compares
Eleven jurisdictions take no state tax on lottery wins (including Texas, Florida, and California). Among states that do tax, rates run from 2.5% (North Dakota, Arizona) to 10.9% (New York). See the full 51-state comparison table or read lump sum vs annuity: which to take.
Vermont lottery tax FAQ
How much tax does Vermont take from lottery winnings?
Vermont's top income tax rate of 8.75% applies to jackpot-size prizes; 6% is withheld up front.
What would I actually take home from a $500 million jackpot in Vermont?
Taking the lump sum (cash value about 47% of the jackpot), you would clear roughly $127,531,543 after federal and state taxes. Taking the 30-year annuity, the after-tax total is roughly $272,571,282, paid in 30 growing installments.
Is the federal tax the same in Vermont as everywhere else?
Yes. Federal treatment is identical nationwide: 24% is withheld on prizes over $5,000, and jackpot-size winnings reach the 37% top bracket (income above $640,600 for a single filer in 2026), so the remainder is due when you file.
Do I pay Vermont tax if I bought the ticket somewhere else?
State withholding follows the state of purchase. If you live in Vermont but bought the winning ticket in another state, that state withholds first — Vermont then taxes you as a resident with a credit for tax paid there (rules vary; confirm with a tax professional).