Vermont Lottery

VTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jul 24, 2026 is estimated to be $743 Million, with a cash option of 323.4 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 Jul 24, 2026

Draw Date	Jackpot	Cash Option
Fri Jul 24, 2026	$743,000,000	$323,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$323,400,000
Federal Tax(24%)	$77,616,000
Additional Federal Tax	$42,002,330
State Tax(6%)	$19,404,000
Net Lumpsum Payment	$184,377,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$11,182,893	-$4,098,001 -$670,974	$6,413,918
2	$11,742,372	-$4,305,008 -$704,542	$6,732,822
3	$12,329,342	-$4,522,187 -$739,761	$7,067,394
4	$12,946,032	-$4,750,362 -$776,762	$7,418,908
5	$13,593,185	-$4,989,809 -$815,591	$7,787,785
6	$14,273,030	-$5,241,351 -$856,382	$8,175,297
7	$14,986,310	-$5,505,265 -$899,179	$8,581,866
8	$15,735,997	-$5,782,649 -$944,160	$9,009,188
9	$16,522,834	-$6,073,779 -$991,370	$9,457,685
10	$17,349,050	-$6,379,479 -$1,040,943	$9,928,628
11	$18,216,131	-$6,700,299 -$1,092,968	$10,422,864
12	$19,127,049	-$7,037,339 -$1,147,623	$10,942,087
13	$20,083,290	-$7,391,148 -$1,204,997	$11,487,145
14	$21,087,826	-$7,762,826 -$1,265,270	$12,059,730
15	$22,142,143	-$8,152,923 -$1,328,529	$12,660,691
16	$23,249,213	-$8,562,539 -$1,394,953	$13,291,721
17	$24,411,265	-$8,992,498 -$1,464,676	$13,954,091
18	$25,632,014	-$9,444,176 -$1,537,921	$14,649,917
19	$26,913,689	-$9,918,395 -$1,614,821	$15,380,473
20	$28,259,262	-$10,416,257 -$1,695,556	$16,147,449
21	$29,672,448	-$10,939,136 -$1,780,347	$16,952,965
22	$31,156,219	-$11,488,131 -$1,869,373	$17,798,715
23	$32,713,547	-$12,064,343 -$1,962,813	$18,686,391
24	$34,349,633	-$12,669,695 -$2,060,978	$19,618,960
25	$36,066,706	-$13,305,012 -$2,164,002	$20,597,692
26	$37,870,710	-$13,972,493 -$2,272,243	$21,625,974
27	$39,763,874	-$14,672,964 -$2,385,832	$22,705,078
28	$41,752,142	-$15,408,623 -$2,505,129	$23,838,390
29	$43,839,972	-$16,181,120 -$2,630,398	$25,028,454
30	$46,031,822	-$16,992,105 -$2,761,909	$26,277,808