Vermont Lottery

VTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Apr 18, 2025 is estimated to be $112 Million, with a cash option of 49.3 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 Apr 18, 2025

Draw Date	Jackpot	Cash Option
Fri Apr 18, 2025	$112,000,000	$49,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$49,300,000
Federal Tax(24%)	$11,832,000
Additional Federal Tax	$6,369,330
State Tax(6%)	$2,958,000
Net Lumpsum Payment	$28,140,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,685,712	-$584,044 -$101,143	$1,000,525
2	$1,770,048	-$615,248 -$106,203	$1,048,597
3	$1,858,528	-$647,986 -$111,512	$1,099,030
4	$1,951,488	-$682,381 -$117,089	$1,152,018
5	$2,049,040	-$718,475 -$122,942	$1,207,623
6	$2,151,520	-$756,393 -$129,091	$1,266,036
7	$2,259,040	-$796,175 -$135,542	$1,327,323
8	$2,372,048	-$837,988 -$142,323	$1,391,737
9	$2,490,656	-$881,873 -$149,439	$1,459,344
10	$2,615,200	-$927,954 -$156,912	$1,530,334
11	$2,745,904	-$976,315 -$164,754	$1,604,835
12	$2,883,216	-$1,027,120 -$172,993	$1,683,103
13	$3,027,360	-$1,080,454 -$181,642	$1,765,264
14	$3,178,784	-$1,136,480 -$190,727	$1,851,577
15	$3,337,712	-$1,195,284 -$200,263	$1,942,165
16	$3,504,592	-$1,257,029 -$210,276	$2,037,287
17	$3,679,760	-$1,321,842 -$220,786	$2,137,132
18	$3,863,776	-$1,389,928 -$231,827	$2,242,021
19	$4,056,976	-$1,461,412 -$243,419	$2,352,145
20	$4,259,808	-$1,536,459 -$255,588	$2,467,761
21	$4,472,832	-$1,615,278 -$268,370	$2,589,184
22	$4,696,496	-$1,698,034 -$281,790	$2,716,672
23	$4,931,248	-$1,784,892 -$295,875	$2,850,481
24	$5,177,872	-$1,876,143 -$310,672	$2,991,057
25	$5,436,704	-$1,971,911 -$326,202	$3,138,591
26	$5,708,640	-$2,072,527 -$342,518	$3,293,595
27	$5,994,016	-$2,178,116 -$359,641	$3,456,259
28	$6,293,728	-$2,289,010 -$377,624	$3,627,094
29	$6,608,448	-$2,405,456 -$396,507	$3,806,485
30	$6,938,848	-$2,527,704 -$416,331	$3,994,813