Vermont Lottery

VTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 8, 2026 is estimated to be $193 Million, with a cash option of 82.8 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 Sep 8, 2026

Draw Date	Jackpot	Cash Option
Tue Sep 8, 2026	$193,000,000	$82,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$82,800,000
Federal Tax(24%)	$19,872,000
Additional Federal Tax	$10,724,330
State Tax(6%)	$4,968,000
Net Lumpsum Payment	$47,235,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,904,843	-$1,035,122 -$174,291	$1,695,430
2	$3,050,172	-$1,088,894 -$183,010	$1,778,268
3	$3,202,642	-$1,145,308 -$192,159	$1,865,175
4	$3,362,832	-$1,204,578 -$201,770	$1,956,484
5	$3,530,935	-$1,266,776 -$211,856	$2,052,303
6	$3,707,530	-$1,332,116 -$222,452	$2,152,962
7	$3,892,810	-$1,400,670 -$233,569	$2,258,571
8	$4,087,547	-$1,472,723 -$245,253	$2,369,571
9	$4,291,934	-$1,548,346 -$257,516	$2,486,072
10	$4,506,550	-$1,627,754 -$270,393	$2,608,403
11	$4,731,781	-$1,711,089 -$283,907	$2,736,785
12	$4,968,399	-$1,798,638 -$298,104	$2,871,657
13	$5,216,790	-$1,890,543 -$313,007	$3,013,240
14	$5,477,726	-$1,987,089 -$328,664	$3,161,973
15	$5,751,593	-$2,088,420 -$345,096	$3,318,077
16	$6,039,163	-$2,194,821 -$362,350	$3,481,992
17	$6,341,015	-$2,306,506 -$380,461	$3,654,048
18	$6,658,114	-$2,423,833 -$399,487	$3,834,794
19	$6,991,039	-$2,547,015 -$419,462	$4,024,562
20	$7,340,562	-$2,676,338 -$440,434	$4,223,790
21	$7,707,648	-$2,812,160 -$462,459	$4,433,029
22	$8,093,069	-$2,954,766 -$485,584	$4,652,719
23	$8,497,597	-$3,104,441 -$509,856	$4,883,300
24	$8,922,583	-$3,261,686 -$535,355	$5,125,542
25	$9,368,606	-$3,426,715 -$562,116	$5,379,775
26	$9,837,210	-$3,600,098 -$590,233	$5,646,879
27	$10,328,974	-$3,782,051 -$619,738	$5,927,185
28	$10,845,442	-$3,973,144 -$650,727	$6,221,571
29	$11,387,772	-$4,173,806 -$683,266	$6,530,700
30	$11,957,122	-$4,384,466 -$717,427	$6,855,229