Vermont Lottery

VTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Feb 3, 2026 is estimated to be $323 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 Feb 3, 2026

Draw Date	Jackpot	Cash Option
Tue Feb 3, 2026	$323,000,000	$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	$4,861,473	-$1,759,075 -$291,688	$2,810,710
2	$5,104,692	-$1,849,066 -$306,282	$2,949,344
3	$5,359,862	-$1,943,479 -$321,592	$3,094,791
4	$5,627,952	-$2,042,673 -$337,677	$3,247,602
5	$5,909,285	-$2,146,766 -$354,557	$3,407,962
6	$6,204,830	-$2,256,117 -$372,290	$3,576,423
7	$6,514,910	-$2,370,847 -$390,895	$3,753,168
8	$6,840,817	-$2,491,433 -$410,449	$3,938,935
9	$7,182,874	-$2,617,994 -$430,972	$4,133,908
10	$7,542,050	-$2,750,889 -$452,523	$4,338,638
11	$7,918,991	-$2,890,357 -$475,139	$4,553,495
12	$8,314,989	-$3,036,876 -$498,899	$4,779,214
13	$8,730,690	-$3,190,686 -$523,841	$5,016,163
14	$9,167,386	-$3,352,263 -$550,043	$5,265,080
15	$9,625,723	-$3,521,848 -$577,543	$5,526,332
16	$10,106,993	-$3,699,918 -$606,420	$5,800,655
17	$10,612,165	-$3,886,831 -$636,730	$6,088,604
18	$11,142,854	-$4,083,186 -$668,571	$6,391,097
19	$11,700,029	-$4,289,341 -$702,002	$6,708,686
20	$12,284,982	-$4,505,774 -$737,099	$7,042,109
21	$12,899,328	-$4,733,082 -$773,960	$7,392,286
22	$13,544,359	-$4,971,743 -$812,662	$7,759,954
23	$14,221,367	-$5,222,236 -$853,282	$8,145,849
24	$14,932,613	-$5,485,397 -$895,957	$8,551,259
25	$15,679,066	-$5,761,585 -$940,744	$8,976,737
26	$16,463,310	-$6,051,755 -$987,799	$9,423,756
27	$17,286,314	-$6,356,267 -$1,037,179	$9,892,868
28	$18,150,662	-$6,676,075 -$1,089,040	$10,385,547
29	$19,058,292	-$7,011,898 -$1,143,498	$10,902,896
30	$20,011,142	-$7,364,453 -$1,200,669	$11,446,020