Vermont Lottery

VTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri May 9, 2025 is estimated to be $100 Million, with a cash option of 45.3 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 May 9, 2025

Draw Date	Jackpot	Cash Option
Fri May 9, 2025	$100,000,000	$45,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$45,300,000
Federal Tax(24%)	$10,872,000
Additional Federal Tax	$5,849,330
State Tax(6%)	$2,718,000
Net Lumpsum Payment	$25,860,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,505,100	-$517,217 -$90,306	$897,577
2	$1,580,400	-$545,078 -$94,824	$940,498
3	$1,659,400	-$574,308 -$99,564	$985,528
4	$1,742,400	-$605,018 -$104,544	$1,032,838
5	$1,829,500	-$637,245 -$109,770	$1,082,485
6	$1,921,000	-$671,100 -$115,260	$1,134,640
7	$2,017,000	-$706,620 -$121,020	$1,189,360
8	$2,117,900	-$743,953 -$127,074	$1,246,873
9	$2,223,800	-$783,136 -$133,428	$1,307,236
10	$2,335,000	-$824,280 -$140,100	$1,370,620
11	$2,451,700	-$867,459 -$147,102	$1,437,139
12	$2,574,300	-$912,821 -$154,458	$1,507,021
13	$2,703,000	-$960,440 -$162,180	$1,580,380
14	$2,838,200	-$1,010,464 -$170,292	$1,657,444
15	$2,980,100	-$1,062,967 -$178,806	$1,738,327
16	$3,129,100	-$1,118,097 -$187,746	$1,823,257
17	$3,285,500	-$1,175,965 -$197,130	$1,912,405
18	$3,449,800	-$1,236,756 -$206,988	$2,006,056
19	$3,622,300	-$1,300,581 -$217,338	$2,104,381
20	$3,803,400	-$1,367,588 -$228,204	$2,207,608
21	$3,993,600	-$1,437,962 -$239,616	$2,316,022
22	$4,193,300	-$1,511,851 -$251,598	$2,429,851
23	$4,402,900	-$1,589,403 -$264,174	$2,549,323
24	$4,623,100	-$1,670,877 -$277,386	$2,674,837
25	$4,854,200	-$1,756,384 -$291,252	$2,806,564
26	$5,097,000	-$1,846,220 -$305,820	$2,944,960
27	$5,351,800	-$1,940,496 -$321,108	$3,090,196
28	$5,619,400	-$2,039,508 -$337,164	$3,242,728
29	$5,900,400	-$2,143,478 -$354,024	$3,402,898
30	$6,195,400	-$2,252,628 -$371,724	$3,571,048