Vermont Lottery

VTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jul 15, 2025 is estimated to be $90 Million, with a cash option of 39.9 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 Jul 15, 2025

Draw Date	Jackpot	Cash Option
Tue Jul 15, 2025	$90,000,000	$39,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$39,900,000
Federal Tax(24%)	$9,576,000
Additional Federal Tax	$5,147,330
State Tax(6%)	$2,394,000
Net Lumpsum Payment	$22,782,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,354,590	-$461,529 -$81,275	$811,786
2	$1,422,360	-$486,604 -$85,342	$850,414
3	$1,493,460	-$512,911 -$89,608	$890,941
4	$1,568,160	-$540,550 -$94,090	$933,520
5	$1,646,550	-$569,554 -$98,793	$978,203
6	$1,728,900	-$600,023 -$103,734	$1,025,143
7	$1,815,300	-$631,991 -$108,918	$1,074,391
8	$1,906,110	-$665,591 -$114,367	$1,126,152
9	$2,001,420	-$700,856 -$120,085	$1,180,479
10	$2,101,500	-$737,885 -$126,090	$1,237,525
11	$2,206,530	-$776,746 -$132,392	$1,297,392
12	$2,316,870	-$817,572 -$139,012	$1,360,286
13	$2,432,700	-$860,429 -$145,962	$1,426,309
14	$2,554,380	-$905,451 -$153,263	$1,495,666
15	$2,682,090	-$952,704 -$160,925	$1,568,461
16	$2,816,190	-$1,002,321 -$168,971	$1,644,898
17	$2,956,950	-$1,054,402 -$177,417	$1,725,131
18	$3,104,820	-$1,109,114 -$186,289	$1,809,417
19	$3,260,070	-$1,166,556 -$195,604	$1,897,910
20	$3,423,060	-$1,226,863 -$205,384	$1,990,813
21	$3,594,240	-$1,290,199 -$215,654	$2,088,387
22	$3,773,970	-$1,356,699 -$226,438	$2,190,833
23	$3,962,610	-$1,426,496 -$237,757	$2,298,357
24	$4,160,790	-$1,499,823 -$249,647	$2,411,320
25	$4,368,780	-$1,576,779 -$262,127	$2,529,874
26	$4,587,300	-$1,657,631 -$275,238	$2,654,431
27	$4,816,620	-$1,742,480 -$288,997	$2,785,143
28	$5,057,460	-$1,831,591 -$303,448	$2,922,421
29	$5,310,360	-$1,925,164 -$318,622	$3,066,574
30	$5,575,860	-$2,023,399 -$334,552	$3,217,909