Vermont Lottery

VTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 16, 2025 is estimated to be $400 Million, with a cash option of 185.8 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 Sep 16, 2025

Draw Date	Jackpot	Cash Option
Tue Sep 16, 2025	$400,000,000	$185,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$185,800,000
Federal Tax(24%)	$44,592,000
Additional Federal Tax	$24,114,330
State Tax(6%)	$11,148,000
Net Lumpsum Payment	$105,945,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,020,400	-$2,187,878 -$361,224	$3,471,298
2	$6,321,600	-$2,299,322 -$379,296	$3,642,982
3	$6,637,600	-$2,416,242 -$398,256	$3,823,102
4	$6,969,600	-$2,539,082 -$418,176	$4,012,342
5	$7,318,000	-$2,667,990 -$439,080	$4,210,930
6	$7,684,000	-$2,803,410 -$461,040	$4,419,550
7	$8,068,000	-$2,945,490 -$484,080	$4,638,430
8	$8,471,600	-$3,094,822 -$508,296	$4,868,482
9	$8,895,200	-$3,251,554 -$533,712	$5,109,934
10	$9,340,000	-$3,416,130 -$560,400	$5,363,470
11	$9,806,800	-$3,588,846 -$588,408	$5,629,546
12	$10,297,200	-$3,770,294 -$617,832	$5,909,074
13	$10,812,000	-$3,960,770 -$648,720	$6,202,510
14	$11,352,800	-$4,160,866 -$681,168	$6,510,766
15	$11,920,400	-$4,370,878 -$715,224	$6,834,298
16	$12,516,400	-$4,591,398 -$750,984	$7,174,018
17	$13,142,000	-$4,822,870 -$788,520	$7,530,610
18	$13,799,200	-$5,066,034 -$827,952	$7,905,214
19	$14,489,200	-$5,321,334 -$869,352	$8,298,514
20	$15,213,600	-$5,589,362 -$912,816	$8,711,422
21	$15,974,400	-$5,870,858 -$958,464	$9,145,078
22	$16,773,200	-$6,166,414 -$1,006,392	$9,600,394
23	$17,611,600	-$6,476,622 -$1,056,696	$10,078,282
24	$18,492,400	-$6,802,518 -$1,109,544	$10,580,338
25	$19,416,800	-$7,144,546 -$1,165,008	$11,107,246
26	$20,388,000	-$7,503,890 -$1,223,280	$11,660,830
27	$21,407,200	-$7,880,994 -$1,284,432	$12,241,774
28	$22,477,600	-$8,277,042 -$1,348,656	$12,851,902
29	$23,601,600	-$8,692,922 -$1,416,096	$13,492,582
30	$24,781,600	-$9,129,522 -$1,486,896	$14,165,182