Vermont Ticket Wins State’s First Powerball JackpotThursday June 30th 2022
Someone in Vermont is a new multimillionaire after a single ticket won the state’s first-ever Powerball top prize on Wednesday night.
The ticket was sold sold at the Middlebury Short Stop, a store in the Jolley chain. Middlebury is a town in the west of the Green Mountain State. The retailer, which has been a Vermont Lottery agent since 1993, will receive a $30,000 bonus commission for selling the winning ticket.
"The Vermont Lottery is thrilled to have our first ever Powerball Jackpot winner in Vermont," said Andrew Collier, Deputy Commissioner of the Department of Liquor and Lottery. "This is an exciting win for Vermont lottery players, the Education Fund, and the state." All VT Lottery profits go to the Vermont Education Fund; last year that amount was $30 million.
After the winner claims their prize, they will have 60 days to make the enviable choice between collecting their payout as an annuity worth an estimated $366.7 million paid annually over 29 years, or the cash option lump sum of $208.5 million.
Those amounts are before taxes. In Vermont, lottery prizes above $5,000 are subject to minimum federal tax withholdings of 24% as well as Vermont state tax withholdings of 6% before the winnings are paid out.
The winner has 365 days from the draw date to claim their prize. They will need to present their signed ticket, a completed winner claim form, and valid identification at Vermont Lottery Headquarters in Berlin, VT.
Vermont doesn’t allow lottery winners to remain anonymous - their name, town and the prize value on the claim form becomes public information. However, there is a loophole: Vermont winners can form a trust to claim on their behalf. The trust’s name becomes public, effectively shielding the winner’s identity.
Check Your Powerball Tickets
With nine ways to win, Powerball creates thousands of payouts in every draw. On Wednesday night, over 609,000 tickets won cash prizes, so make sure to check your tickets to see if you’ve scored a payday.
The biggest winner yesterday below the jackpot was a ticket in Illinois that matched the five white balls to take home the game’s $1 million Match 5 second prize.
Previous 2022 Powerball Jackpots
Last night’s win was the fourth time the Powerball jackpot has been hit this year. The Wednesday, June 29 drawing was the 27th draw in the latest jackpot run. Let’s recap the amazing wins we’ve seen so far in 2022:
- January 5: Two winners in California and Wisconsin shared the game’s 7th highest-ever jackpot - $632.6 million.
- February 14: A ticket in Connecticut hit a $185.3 million top prize.
- April 27: A ticket in Arizona won a $473.1 million jackpot.
The Powerball jackpot has now reset to its current $20 million starting level, with a cash option of $11.4 million. Your next chance to take it home is Saturday, July 2.
The Mega Millions jackpot has been growing for months and is estimated at $360 million, with a cash option of $199.3 million, for the next draw on Friday, July 1.
Don’t miss out - pick up your tickets for both draws now.Latest News