Vermont Lottery

VTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 6, 2026 is estimated to be $345 Million, with a cash option of 139.6 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 Oct 6, 2026

Draw Date	Jackpot	Cash Option
Tue Oct 6, 2026	$345,000,000	$139,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$139,600,000
Federal Tax(24%)	$33,504,000
Additional Federal Tax	$18,108,330
State Tax(6%)	$8,376,000
Net Lumpsum Payment	$79,611,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,192,595	-$1,881,591 -$311,556	$2,999,448
2	$5,452,380	-$1,977,711 -$327,143	$3,147,526
3	$5,724,930	-$2,078,554 -$343,496	$3,302,880
4	$6,011,280	-$2,184,504 -$360,677	$3,466,099
5	$6,311,775	-$2,295,687 -$378,707	$3,637,381
6	$6,627,450	-$2,412,487 -$397,647	$3,817,316
7	$6,958,650	-$2,535,031 -$417,519	$4,006,100
8	$7,306,755	-$2,663,830 -$438,405	$4,204,520
9	$7,672,110	-$2,799,011 -$460,327	$4,412,772
10	$8,055,750	-$2,940,958 -$483,345	$4,631,447
11	$8,458,365	-$3,089,925 -$507,502	$4,860,938
12	$8,881,335	-$3,246,424 -$532,880	$5,102,031
13	$9,325,350	-$3,410,710 -$559,521	$5,355,119
14	$9,791,790	-$3,583,293 -$587,507	$5,620,990
15	$10,281,345	-$3,764,428 -$616,881	$5,900,036
16	$10,795,395	-$3,954,627 -$647,724	$6,193,044
17	$11,334,975	-$4,154,271 -$680,099	$6,500,605
18	$11,901,810	-$4,364,000 -$714,109	$6,823,701
19	$12,496,935	-$4,584,196 -$749,816	$7,162,923
20	$13,121,730	-$4,815,370 -$787,304	$7,519,056
21	$13,777,920	-$5,058,161 -$826,675	$7,893,084
22	$14,466,885	-$5,313,078 -$868,013	$8,285,794
23	$15,190,005	-$5,580,632 -$911,400	$8,697,973
24	$15,949,695	-$5,861,718 -$956,982	$9,130,995
25	$16,746,990	-$6,156,717 -$1,004,819	$9,585,454
26	$17,584,650	-$6,466,651 -$1,055,079	$10,062,920
27	$18,463,710	-$6,791,903 -$1,107,823	$10,563,984
28	$19,386,930	-$7,133,494 -$1,163,216	$11,090,220
29	$20,356,380	-$7,492,191 -$1,221,383	$11,642,806
30	$21,374,130	-$7,868,758 -$1,282,448	$12,222,924