Vermont Lottery

VTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Oct 3, 2025 is estimated to be $520 Million, with a cash option of 240.1 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 Fri Oct 3, 2025

Draw Date	Jackpot	Cash Option
Fri Oct 3, 2025	$520,000,000	$240,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$240,100,000
Federal Tax(24%)	$57,624,000
Additional Federal Tax	$31,173,330
State Tax(6%)	$14,406,000
Net Lumpsum Payment	$136,896,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,826,520	-$2,856,143 -$469,591	$4,500,786
2	$8,218,080	-$3,001,020 -$493,085	$4,723,975
3	$8,628,880	-$3,153,016 -$517,733	$4,958,131
4	$9,060,480	-$3,312,708 -$543,629	$5,204,143
5	$9,513,400	-$3,480,288 -$570,804	$5,462,308
6	$9,989,200	-$3,656,334 -$599,352	$5,733,514
7	$10,488,400	-$3,841,038 -$629,304	$6,018,058
8	$11,013,080	-$4,035,170 -$660,785	$6,317,125
9	$11,563,760	-$4,238,922 -$693,826	$6,631,012
10	$12,142,000	-$4,452,870 -$728,520	$6,960,610
11	$12,748,840	-$4,677,401 -$764,930	$7,306,509
12	$13,386,360	-$4,913,284 -$803,182	$7,669,894
13	$14,055,600	-$5,160,902 -$843,336	$8,051,362
14	$14,758,640	-$5,421,027 -$885,518	$8,452,095
15	$15,496,520	-$5,694,043 -$929,791	$8,872,686
16	$16,271,320	-$5,980,719 -$976,279	$9,314,322
17	$17,084,600	-$6,281,632 -$1,025,076	$9,777,892
18	$17,938,960	-$6,597,746 -$1,076,338	$10,264,876
19	$18,835,960	-$6,929,636 -$1,130,158	$10,776,166
20	$19,777,680	-$7,278,072 -$1,186,661	$11,312,947
21	$20,766,720	-$7,644,017 -$1,246,003	$11,876,700
22	$21,805,160	-$8,028,240 -$1,308,310	$12,468,610
23	$22,895,080	-$8,431,510 -$1,373,705	$13,089,865
24	$24,040,120	-$8,855,175 -$1,442,407	$13,742,538
25	$25,241,840	-$9,299,811 -$1,514,510	$14,427,519
26	$26,504,400	-$9,766,958 -$1,590,264	$15,147,178
27	$27,829,360	-$10,257,194 -$1,669,762	$15,902,404
28	$29,220,880	-$10,772,056 -$1,753,253	$16,695,571
29	$30,682,080	-$11,312,700 -$1,840,925	$17,528,455
30	$32,216,080	-$11,880,280 -$1,932,965	$18,402,835