Vermont Lottery

VTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jul 7, 2026 is estimated to be $576 Million, with a cash option of 253.9 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 7, 2026

Draw Date	Jackpot	Cash Option
Tue Jul 7, 2026	$576,000,000	$253,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$253,900,000
Federal Tax(24%)	$60,936,000
Additional Federal Tax	$32,967,330
State Tax(6%)	$15,234,000
Net Lumpsum Payment	$144,762,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,669,376	-$3,168,000 -$520,163	$4,981,213
2	$9,103,104	-$3,328,479 -$546,186	$5,228,439
3	$9,558,144	-$3,496,844 -$573,489	$5,487,811
4	$10,036,224	-$3,673,733 -$602,173	$5,760,318
5	$10,537,920	-$3,859,361 -$632,275	$6,046,284
6	$11,064,960	-$4,054,366 -$663,898	$6,346,696
7	$11,617,920	-$4,258,961 -$697,075	$6,661,884
8	$12,199,104	-$4,473,999 -$731,946	$6,993,159
9	$12,809,088	-$4,699,693 -$768,545	$7,340,850
10	$13,449,600	-$4,936,682 -$806,976	$7,705,942
11	$14,121,792	-$5,185,393 -$847,308	$8,089,091
12	$14,827,968	-$5,446,679 -$889,678	$8,491,611
13	$15,569,280	-$5,720,964 -$934,157	$8,914,159
14	$16,348,032	-$6,009,102 -$980,882	$9,358,048
15	$17,165,376	-$6,311,520 -$1,029,923	$9,823,933
16	$18,023,616	-$6,629,068 -$1,081,417	$10,313,131
17	$18,924,480	-$6,962,388 -$1,135,469	$10,826,623
18	$19,870,848	-$7,312,544 -$1,192,251	$11,366,053
19	$20,864,448	-$7,680,176 -$1,251,867	$11,932,405
20	$21,907,584	-$8,066,136 -$1,314,455	$12,526,993
21	$23,003,136	-$8,471,491 -$1,380,188	$13,151,457
22	$24,153,408	-$8,897,091 -$1,449,204	$13,807,113
23	$25,360,704	-$9,343,791 -$1,521,642	$14,495,271
24	$26,629,056	-$9,813,081 -$1,597,743	$15,218,232
25	$27,960,192	-$10,305,601 -$1,677,612	$15,976,979
26	$29,358,720	-$10,823,057 -$1,761,523	$16,774,140
27	$30,826,368	-$11,366,087 -$1,849,582	$17,610,699
28	$32,367,744	-$11,936,396 -$1,942,065	$18,489,283
29	$33,986,304	-$12,535,263 -$2,039,178	$19,411,863
30	$35,685,504	-$13,163,967 -$2,141,130	$20,380,407