Vermont Lottery

VTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue May 26, 2026 is estimated to be $311 Million, with a cash option of 136.4 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 May 26, 2026

Draw Date	Jackpot	Cash Option
Tue May 26, 2026	$311,000,000	$136,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$136,400,000
Federal Tax(24%)	$32,736,000
Additional Federal Tax	$17,692,330
State Tax(6%)	$8,184,000
Net Lumpsum Payment	$77,787,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,680,861	-$1,692,249 -$280,852	$2,707,760
2	$4,915,044	-$1,778,897 -$294,903	$2,841,244
3	$5,160,734	-$1,869,802 -$309,644	$2,981,288
4	$5,418,864	-$1,965,310 -$325,132	$3,128,422
5	$5,689,745	-$2,065,536 -$341,385	$3,282,824
6	$5,974,310	-$2,170,825 -$358,459	$3,445,026
7	$6,272,870	-$2,281,292 -$376,372	$3,615,206
8	$6,586,669	-$2,397,398 -$395,200	$3,794,071
9	$6,916,018	-$2,519,257 -$414,961	$3,981,800
10	$7,261,850	-$2,647,215 -$435,711	$4,178,924
11	$7,624,787	-$2,781,502 -$457,487	$4,385,798
12	$8,006,073	-$2,922,577 -$480,364	$4,603,132
13	$8,406,330	-$3,070,672 -$504,380	$4,831,278
14	$8,826,802	-$3,226,247 -$529,608	$5,070,947
15	$9,268,111	-$3,389,531 -$556,087	$5,322,493
16	$9,731,501	-$3,560,986 -$583,890	$5,586,625
17	$10,217,905	-$3,740,955 -$613,074	$5,863,876
18	$10,728,878	-$3,930,015 -$643,733	$6,155,130
19	$11,265,353	-$4,128,511 -$675,921	$6,460,921
20	$11,828,574	-$4,336,903 -$709,714	$6,781,957
21	$12,420,096	-$4,555,766 -$745,206	$7,119,124
22	$13,041,163	-$4,785,561 -$782,470	$7,473,132
23	$13,693,019	-$5,026,747 -$821,581	$7,844,691
24	$14,377,841	-$5,280,132 -$862,670	$8,235,039
25	$15,096,562	-$5,546,058 -$905,794	$8,644,710
26	$15,851,670	-$5,825,448 -$951,100	$9,075,122
27	$16,644,098	-$6,118,647 -$998,646	$9,526,805
28	$17,476,334	-$6,426,574 -$1,048,580	$10,001,180
29	$18,350,244	-$6,749,921 -$1,101,015	$10,499,308
30	$19,267,694	-$7,089,377 -$1,156,062	$11,022,255