Vermont Lottery

VTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 26, 2025 is estimated to be $253 Million, with a cash option of 113.8 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 Aug 26, 2025

Draw Date	Jackpot	Cash Option
Tue Aug 26, 2025	$253,000,000	$113,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$113,800,000
Federal Tax(24%)	$27,312,000
Additional Federal Tax	$14,754,330
State Tax(6%)	$6,828,000
Net Lumpsum Payment	$64,905,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,807,903	-$1,369,254 -$228,474	$2,210,175
2	$3,998,412	-$1,439,743 -$239,905	$2,318,764
3	$4,198,282	-$1,513,695 -$251,897	$2,432,690
4	$4,408,272	-$1,591,391 -$264,496	$2,552,385
5	$4,628,635	-$1,672,925 -$277,718	$2,677,992
6	$4,860,130	-$1,758,578 -$291,608	$2,809,944
7	$5,103,010	-$1,848,444 -$306,181	$2,948,385
8	$5,358,287	-$1,942,897 -$321,497	$3,093,893
9	$5,626,214	-$2,042,030 -$337,573	$3,246,611
10	$5,907,550	-$2,146,124 -$354,453	$3,406,973
11	$6,202,801	-$2,255,367 -$372,168	$3,575,266
12	$6,512,979	-$2,370,133 -$390,779	$3,752,067
13	$6,838,590	-$2,490,609 -$410,315	$3,937,666
14	$7,180,646	-$2,617,169 -$430,839	$4,132,638
15	$7,539,653	-$2,750,002 -$452,379	$4,337,272
16	$7,916,623	-$2,889,481 -$474,997	$4,552,145
17	$8,312,315	-$3,035,887 -$498,739	$4,777,689
18	$8,727,994	-$3,189,688 -$523,680	$5,014,626
19	$9,164,419	-$3,351,165 -$549,865	$5,263,389
20	$9,622,602	-$3,520,693 -$577,356	$5,524,553
21	$10,103,808	-$3,698,739 -$606,228	$5,798,841
22	$10,609,049	-$3,885,679 -$636,543	$6,086,827
23	$11,139,337	-$4,081,885 -$668,360	$6,389,092
24	$11,696,443	-$4,288,014 -$701,787	$6,706,642
25	$12,281,126	-$4,504,347 -$736,868	$7,039,911
26	$12,895,410	-$4,731,632 -$773,725	$7,390,053
27	$13,540,054	-$4,970,150 -$812,403	$7,757,501
28	$14,217,082	-$5,220,651 -$853,025	$8,143,406
29	$14,928,012	-$5,483,695 -$895,681	$8,548,636
30	$15,674,362	-$5,759,844 -$940,462	$8,974,056