Vermont Lottery

VTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Apr 10, 2026 is estimated to be $110 Million, with a cash option of 49.2 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 Fri Apr 10, 2026

Draw Date	Jackpot	Cash Option
Fri Apr 10, 2026	$110,000,000	$49,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$49,200,000
Federal Tax(24%)	$11,808,000
Additional Federal Tax	$6,356,330
State Tax(6%)	$2,952,000
Net Lumpsum Payment	$28,083,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,655,610	-$572,906 -$99,337	$983,367
2	$1,738,440	-$603,553 -$104,306	$1,030,581
3	$1,825,340	-$635,706 -$109,520	$1,080,114
4	$1,916,640	-$669,487 -$114,998	$1,132,155
5	$2,012,450	-$704,937 -$120,747	$1,186,766
6	$2,113,100	-$742,177 -$126,786	$1,244,137
7	$2,218,700	-$781,249 -$133,122	$1,304,329
8	$2,329,690	-$822,316 -$139,781	$1,367,593
9	$2,446,180	-$865,417 -$146,771	$1,433,992
10	$2,568,500	-$910,675 -$154,110	$1,503,715
11	$2,696,870	-$958,172 -$161,812	$1,576,886
12	$2,831,730	-$1,008,070 -$169,904	$1,653,756
13	$2,973,300	-$1,060,451 -$178,398	$1,734,451
14	$3,122,020	-$1,115,478 -$187,321	$1,819,221
15	$3,278,110	-$1,173,231 -$196,687	$1,908,192
16	$3,442,010	-$1,233,874 -$206,521	$2,001,615
17	$3,614,050	-$1,297,529 -$216,843	$2,099,678
18	$3,794,780	-$1,364,399 -$227,687	$2,202,694
19	$3,984,530	-$1,434,606 -$239,072	$2,310,852
20	$4,183,740	-$1,508,314 -$251,024	$2,424,402
21	$4,392,960	-$1,585,726 -$263,578	$2,543,656
22	$4,612,630	-$1,667,003 -$276,758	$2,668,869
23	$4,843,190	-$1,752,311 -$290,591	$2,800,288
24	$5,085,410	-$1,841,932 -$305,125	$2,938,353
25	$5,339,620	-$1,935,990 -$320,377	$3,083,253
26	$5,606,700	-$2,034,809 -$336,402	$3,235,489
27	$5,886,980	-$2,138,513 -$353,219	$3,395,248
28	$6,181,340	-$2,247,426 -$370,880	$3,563,034
29	$6,490,440	-$2,361,793 -$389,426	$3,739,221
30	$6,814,940	-$2,481,858 -$408,896	$3,924,186