Vermont Lottery

VTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 2, 2025 is estimated to be $302 Million, with a cash option of 136 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 Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Vermont MEGA Millions Jackpot/Cash Option for Tue Sep 2, 2025

Draw Date	Jackpot	Cash Option
Tue Sep 2, 2025	$302,000,000	$136,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$136,000,000
Federal Tax(24%)	$32,640,000
Additional Federal Tax	$17,640,330
State Tax(6%)	$8,160,000
Net Lumpsum Payment	$77,559,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,545,402	-$1,642,129 -$272,724	$2,630,549
2	$4,772,808	-$1,726,269 -$286,368	$2,760,171
3	$5,011,388	-$1,814,544 -$300,683	$2,896,161
4	$5,262,048	-$1,907,288 -$315,723	$3,039,037
5	$5,525,090	-$2,004,614 -$331,505	$3,188,971
6	$5,801,420	-$2,106,856 -$348,085	$3,346,479
7	$6,091,340	-$2,214,126 -$365,480	$3,511,734
8	$6,396,058	-$2,326,872 -$383,763	$3,685,423
9	$6,715,876	-$2,445,205 -$402,953	$3,867,718
10	$7,051,700	-$2,569,459 -$423,102	$4,059,139
11	$7,404,134	-$2,699,860 -$444,248	$4,260,026
12	$7,774,386	-$2,836,853 -$466,463	$4,471,070
13	$8,163,060	-$2,980,663 -$489,784	$4,692,613
14	$8,571,364	-$3,131,735 -$514,282	$4,925,347
15	$8,999,902	-$3,290,294 -$539,994	$5,169,614
16	$9,449,882	-$3,456,787 -$566,993	$5,426,102
17	$9,922,210	-$3,631,548 -$595,333	$5,695,329
18	$10,418,396	-$3,815,137 -$625,104	$5,978,155
19	$10,939,346	-$4,007,888 -$656,361	$6,275,097
20	$11,486,268	-$4,210,250 -$689,176	$6,586,842
21	$12,060,672	-$4,422,779 -$723,640	$6,914,253
22	$12,663,766	-$4,645,924 -$759,826	$7,258,016
23	$13,296,758	-$4,880,131 -$797,805	$7,618,822
24	$13,961,762	-$5,126,182 -$837,706	$7,997,874
25	$14,659,684	-$5,384,413 -$879,581	$8,395,690
26	$15,392,940	-$5,655,718 -$923,576	$8,813,646
27	$16,162,436	-$5,940,432 -$969,746	$9,252,258
28	$16,970,588	-$6,239,448 -$1,018,235	$9,712,905
29	$17,819,208	-$6,553,437 -$1,069,152	$10,196,619
30	$18,710,108	-$6,883,070 -$1,122,606	$10,704,432