Vermont Lottery

VTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Mar 24, 2026 is estimated to be $60 Million, with a cash option of 27 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 Mar 24, 2026

Draw Date	Jackpot	Cash Option
Tue Mar 24, 2026	$60,000,000	$27,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$27,000,000
Federal Tax(24%)	$6,480,000
Additional Federal Tax	$3,470,330
State Tax(6%)	$1,620,000
Net Lumpsum Payment	$15,429,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$903,060	-$294,463 -$54,184	$554,413
2	$948,240	-$311,179 -$56,894	$580,167
3	$995,640	-$328,717 -$59,738	$607,185
4	$1,045,440	-$347,143 -$62,726	$635,571
5	$1,097,700	-$366,479 -$65,862	$665,359
6	$1,152,600	-$386,792 -$69,156	$696,652
7	$1,210,200	-$408,104 -$72,612	$729,484
8	$1,270,740	-$430,504 -$76,244	$763,992
9	$1,334,280	-$454,014 -$80,057	$800,209
10	$1,401,000	-$478,700 -$84,060	$838,240
11	$1,471,020	-$504,608 -$88,261	$878,151
12	$1,544,580	-$531,825 -$92,675	$920,080
13	$1,621,800	-$560,396 -$97,308	$964,096
14	$1,702,920	-$590,411 -$102,175	$1,010,334
15	$1,788,060	-$621,913 -$107,284	$1,058,863
16	$1,877,460	-$654,991 -$112,648	$1,109,821
17	$1,971,300	-$689,711 -$118,278	$1,163,311
18	$2,069,880	-$726,186 -$124,193	$1,219,501
19	$2,173,380	-$764,481 -$130,403	$1,278,496
20	$2,282,040	-$804,685 -$136,922	$1,340,433
21	$2,396,160	-$846,910 -$143,770	$1,405,480
22	$2,515,980	-$891,243 -$150,959	$1,473,778
23	$2,641,740	-$937,774 -$158,504	$1,545,462
24	$2,773,860	-$986,659 -$166,432	$1,620,769
25	$2,912,520	-$1,037,963 -$174,751	$1,699,806
26	$3,058,200	-$1,091,864 -$183,492	$1,782,844
27	$3,211,080	-$1,148,430 -$192,665	$1,869,985
28	$3,371,640	-$1,207,837 -$202,298	$1,961,505
29	$3,540,240	-$1,270,219 -$212,414	$2,057,607
30	$3,717,240	-$1,335,709 -$223,034	$2,158,497