Vermont Lottery

VTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri May 30, 2025 is estimated to be $189 Million, with a cash option of 82.7 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 Fri May 30, 2025

Draw Date	Jackpot	Cash Option
Fri May 30, 2025	$189,000,000	$82,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$82,700,000
Federal Tax(24%)	$19,848,000
Additional Federal Tax	$10,711,330
State Tax(6%)	$4,962,000
Net Lumpsum Payment	$47,178,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,844,639	-$1,012,847 -$170,678	$1,661,114
2	$2,986,956	-$1,065,504 -$179,217	$1,742,235
3	$3,136,266	-$1,120,749 -$188,176	$1,827,341
4	$3,293,136	-$1,178,791 -$197,588	$1,916,757
5	$3,457,755	-$1,239,700 -$207,465	$2,010,590
6	$3,630,690	-$1,303,686 -$217,841	$2,109,163
7	$3,812,130	-$1,370,818 -$228,728	$2,212,584
8	$4,002,831	-$1,441,378 -$240,170	$2,321,283
9	$4,202,982	-$1,515,434 -$252,179	$2,435,369
10	$4,413,150	-$1,593,196 -$264,789	$2,555,165
11	$4,633,713	-$1,674,804 -$278,023	$2,680,886
12	$4,865,427	-$1,760,538 -$291,926	$2,812,963
13	$5,108,670	-$1,850,538 -$306,520	$2,951,612
14	$5,364,198	-$1,945,084 -$321,852	$3,097,262
15	$5,632,389	-$2,044,314 -$337,943	$3,250,132
16	$5,913,999	-$2,148,510 -$354,840	$3,410,649
17	$6,209,595	-$2,257,881 -$372,576	$3,579,138
18	$6,520,122	-$2,372,776 -$391,207	$3,756,139
19	$6,846,147	-$2,493,405 -$410,769	$3,941,973
20	$7,188,426	-$2,620,048 -$431,306	$4,137,072
21	$7,547,904	-$2,753,055 -$452,874	$4,341,975
22	$7,925,337	-$2,892,705 -$475,520	$4,557,112
23	$8,321,481	-$3,039,278 -$499,289	$4,782,914
24	$8,737,659	-$3,193,264 -$524,260	$5,020,135
25	$9,174,438	-$3,354,872 -$550,466	$5,269,100
26	$9,633,330	-$3,524,662 -$578,000	$5,530,668
27	$10,114,902	-$3,702,844 -$606,894	$5,805,164
28	$10,620,666	-$3,889,977 -$637,240	$6,093,449
29	$11,151,756	-$4,086,480 -$669,105	$6,396,171
30	$11,709,306	-$4,292,774 -$702,558	$6,713,974