Vermont Lottery

VTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Feb 24, 2026 is estimated to be $438 Million, with a cash option of 203.1 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 Tue Feb 24, 2026

Draw Date	Jackpot	Cash Option
Tue Feb 24, 2026	$438,000,000	$203,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$203,100,000
Federal Tax(24%)	$48,744,000
Additional Federal Tax	$26,363,330
State Tax(6%)	$12,186,000
Net Lumpsum Payment	$115,806,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,592,338	-$2,399,495 -$395,540	$3,797,303
2	$6,922,152	-$2,521,527 -$415,329	$3,985,296
3	$7,268,172	-$2,649,554 -$436,090	$4,182,528
4	$7,631,712	-$2,784,064 -$457,903	$4,389,745
5	$8,013,210	-$2,925,218 -$480,793	$4,607,199
6	$8,413,980	-$3,073,503 -$504,839	$4,835,638
7	$8,834,460	-$3,229,081 -$530,068	$5,075,311
8	$9,276,402	-$3,392,599 -$556,584	$5,327,219
9	$9,740,244	-$3,564,221 -$584,415	$5,591,608
10	$10,227,300	-$3,744,431 -$613,638	$5,869,231
11	$10,738,446	-$3,933,555 -$644,307	$6,160,584
12	$11,275,434	-$4,132,241 -$676,526	$6,466,667
13	$11,839,140	-$4,340,812 -$710,348	$6,787,980
14	$12,431,316	-$4,559,917 -$745,879	$7,125,520
15	$13,052,838	-$4,789,880 -$783,170	$7,479,788
16	$13,705,458	-$5,031,350 -$822,327	$7,851,781
17	$14,390,490	-$5,284,812 -$863,429	$8,242,249
18	$15,110,124	-$5,551,076 -$906,607	$8,652,441
19	$15,865,674	-$5,830,630 -$951,940	$9,083,104
20	$16,658,892	-$6,124,120 -$999,534	$9,535,238
21	$17,491,968	-$6,432,359 -$1,049,518	$10,010,091
22	$18,366,654	-$6,755,992 -$1,101,999	$10,508,663
23	$19,284,702	-$7,095,670 -$1,157,082	$11,031,950
24	$20,249,178	-$7,452,526 -$1,214,951	$11,581,701
25	$21,261,396	-$7,827,047 -$1,275,684	$12,158,665
26	$22,324,860	-$8,220,529 -$1,339,492	$12,764,839
27	$23,440,884	-$8,633,457 -$1,406,453	$13,400,974
28	$24,612,972	-$9,067,130 -$1,476,778	$14,069,064
29	$25,843,752	-$9,522,519 -$1,550,625	$14,770,608
30	$27,135,852	-$10,000,596 -$1,628,151	$15,507,105