Vermont Lottery

VTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 27, 2026 is estimated to be $443 Million, with a cash option of 186.5 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Vermont, your state will take 6% of your lottery winnings.

Please note that the calculation of the MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Vermont MEGA Millions Jackpot/Cash Option for Tue Oct 27, 2026

Draw Date	Jackpot	Cash Option
Tue Oct 27, 2026	$443,000,000	$186,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$186,500,000
Federal Tax(24%)	$44,760,000
Additional Federal Tax	$24,205,330
State Tax(6%)	$11,190,000
Net Lumpsum Payment	$106,344,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,667,593	-$2,427,340 -$400,056	$3,840,197
2	$7,001,172	-$2,550,764 -$420,070	$4,030,338
3	$7,351,142	-$2,680,253 -$441,069	$4,229,820
4	$7,718,832	-$2,816,298 -$463,130	$4,439,404
5	$8,104,685	-$2,959,064 -$486,281	$4,659,340
6	$8,510,030	-$3,109,041 -$510,602	$4,890,387
7	$8,935,310	-$3,266,395 -$536,119	$5,132,796
8	$9,382,297	-$3,431,780 -$562,938	$5,387,579
9	$9,851,434	-$3,605,361 -$591,086	$5,654,987
10	$10,344,050	-$3,787,629 -$620,643	$5,935,778
11	$10,861,031	-$3,978,912 -$651,662	$6,230,457
12	$11,404,149	-$4,179,866 -$684,249	$6,540,034
13	$11,974,290	-$4,390,818 -$718,457	$6,865,015
14	$12,573,226	-$4,612,424 -$754,394	$7,206,408
15	$13,201,843	-$4,845,012 -$792,111	$7,564,720
16	$13,861,913	-$5,089,238 -$831,715	$7,940,960
17	$14,554,765	-$5,345,593 -$873,286	$8,335,886
18	$15,282,614	-$5,614,898 -$916,957	$8,750,759
19	$16,046,789	-$5,897,642 -$962,807	$9,186,340
20	$16,849,062	-$6,194,483 -$1,010,944	$9,643,635
21	$17,691,648	-$6,506,240 -$1,061,499	$10,123,909
22	$18,576,319	-$6,833,568 -$1,114,579	$10,628,172
23	$19,504,847	-$7,177,124 -$1,170,291	$11,157,432
24	$20,480,333	-$7,538,054 -$1,228,820	$11,713,459
25	$21,504,106	-$7,916,850 -$1,290,246	$12,297,010
26	$22,579,710	-$8,314,823 -$1,354,783	$12,910,104
27	$23,708,474	-$8,732,466 -$1,422,508	$13,553,500
28	$24,893,942	-$9,171,089 -$1,493,637	$14,229,216
29	$26,138,772	-$9,631,676 -$1,568,326	$14,938,770
30	$27,445,622	-$10,115,211 -$1,646,737	$15,683,674