Vermont Lottery

VTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 16, 2026 is estimated to be $430 Million, with a cash option of 191.2 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 Jun 16, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 16, 2026	$430,000,000	$191,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$191,200,000
Federal Tax(24%)	$45,888,000
Additional Federal Tax	$24,816,330
State Tax(6%)	$11,472,000
Net Lumpsum Payment	$109,023,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,471,930	-$2,354,944 -$388,316	$3,728,670
2	$6,795,720	-$2,474,747 -$407,743	$3,913,230
3	$7,135,420	-$2,600,436 -$428,125	$4,106,859
4	$7,492,320	-$2,732,489 -$449,539	$4,310,292
5	$7,866,850	-$2,871,065 -$472,011	$4,523,774
6	$8,260,300	-$3,016,641 -$495,618	$4,748,041
7	$8,673,100	-$3,169,377 -$520,386	$4,983,337
8	$9,106,970	-$3,329,909 -$546,418	$5,230,643
9	$9,562,340	-$3,498,396 -$573,740	$5,490,204
10	$10,040,500	-$3,675,315 -$602,430	$5,762,755
11	$10,542,310	-$3,860,985 -$632,539	$6,048,786
12	$11,069,490	-$4,056,042 -$664,169	$6,349,279
13	$11,622,900	-$4,260,803 -$697,374	$6,664,723
14	$12,204,260	-$4,475,907 -$732,256	$6,996,097
15	$12,814,430	-$4,701,669 -$768,866	$7,343,895
16	$13,455,130	-$4,938,728 -$807,308	$7,709,094
17	$14,127,650	-$5,187,561 -$847,659	$8,092,430
18	$14,834,140	-$5,448,962 -$890,048	$8,495,130
19	$15,575,890	-$5,723,410 -$934,553	$8,917,927
20	$16,354,620	-$6,011,540 -$981,277	$9,361,803
21	$17,172,480	-$6,314,148 -$1,030,349	$9,827,983
22	$18,031,190	-$6,631,871 -$1,081,871	$10,317,448
23	$18,932,470	-$6,965,344 -$1,135,948	$10,831,178
24	$19,879,330	-$7,315,682 -$1,192,760	$11,370,888
25	$20,873,060	-$7,683,363 -$1,252,384	$11,937,313
26	$21,917,100	-$8,069,657 -$1,315,026	$12,532,417
27	$23,012,740	-$8,475,044 -$1,380,764	$13,156,932
28	$24,163,420	-$8,900,796 -$1,449,805	$13,812,819
29	$25,371,720	-$9,347,867 -$1,522,303	$14,501,550
30	$26,640,220	-$9,817,212 -$1,598,413	$15,224,595