Vermont Lottery

VTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 24, 2025 is estimated to be $326 Million, with a cash option of 145.7 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 Jun 24, 2025

Draw Date	Jackpot	Cash Option
Tue Jun 24, 2025	$326,000,000	$145,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$145,700,000
Federal Tax(24%)	$34,968,000
Additional Federal Tax	$18,901,330
State Tax(6%)	$8,742,000
Net Lumpsum Payment	$83,088,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,906,626	-$1,775,782 -$294,398	$2,836,446
2	$5,152,104	-$1,866,609 -$309,126	$2,976,369
3	$5,409,644	-$1,961,899 -$324,579	$3,123,166
4	$5,680,224	-$2,062,013 -$340,813	$3,277,398
5	$5,964,170	-$2,167,073 -$357,850	$3,439,247
6	$6,262,460	-$2,277,441 -$375,748	$3,609,271
7	$6,575,420	-$2,393,236 -$394,525	$3,787,659
8	$6,904,354	-$2,514,941 -$414,261	$3,975,152
9	$7,249,588	-$2,642,678 -$434,975	$4,171,935
10	$7,612,100	-$2,776,807 -$456,726	$4,378,567
11	$7,992,542	-$2,917,571 -$479,553	$4,595,418
12	$8,392,218	-$3,065,451 -$503,533	$4,823,234
13	$8,811,780	-$3,220,689 -$528,707	$5,062,384
14	$9,252,532	-$3,383,767 -$555,152	$5,313,613
15	$9,715,126	-$3,554,927 -$582,908	$5,577,291
16	$10,200,866	-$3,734,651 -$612,052	$5,854,163
17	$10,710,730	-$3,923,300 -$642,644	$6,144,786
18	$11,246,348	-$4,121,479 -$674,781	$6,450,088
19	$11,808,698	-$4,329,549 -$708,522	$6,770,627
20	$12,399,084	-$4,547,991 -$743,945	$7,107,148
21	$13,019,136	-$4,777,411 -$781,148	$7,460,577
22	$13,670,158	-$5,018,289 -$820,209	$7,831,660
23	$14,353,454	-$5,271,108 -$861,207	$8,221,139
24	$15,071,306	-$5,536,714 -$904,278	$8,630,314
25	$15,824,692	-$5,815,466 -$949,482	$9,059,744
26	$16,616,220	-$6,108,332 -$996,973	$9,510,915
27	$17,446,868	-$6,415,672 -$1,046,812	$9,984,384
28	$18,319,244	-$6,738,451 -$1,099,155	$10,481,638
29	$19,235,304	-$7,077,393 -$1,154,118	$11,003,793
30	$20,197,004	-$7,433,222 -$1,211,820	$11,551,962