Vermont Lottery

VTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 2, 2026 is estimated to be $346 Million, with a cash option of 153.8 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 Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Vermont MEGA Millions Jackpot/Cash Option for Tue Jun 2, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 2, 2026	$346,000,000	$153,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$153,800,000
Federal Tax(24%)	$36,912,000
Additional Federal Tax	$19,954,330
State Tax(6%)	$9,228,000
Net Lumpsum Payment	$87,705,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,207,646	-$1,887,159 -$312,459	$3,008,028
2	$5,468,184	-$1,983,558 -$328,091	$3,156,535
3	$5,741,524	-$2,084,694 -$344,491	$3,312,339
4	$6,028,704	-$2,190,951 -$361,722	$3,476,031
5	$6,330,070	-$2,302,456 -$379,804	$3,647,810
6	$6,646,660	-$2,419,595 -$398,800	$3,828,265
7	$6,978,820	-$2,542,494 -$418,729	$4,017,597
8	$7,327,934	-$2,671,666 -$439,676	$4,216,592
9	$7,694,348	-$2,807,239 -$461,661	$4,425,448
10	$8,079,100	-$2,949,597 -$484,746	$4,644,757
11	$8,482,882	-$3,098,997 -$508,973	$4,874,912
12	$8,907,078	-$3,255,949 -$534,425	$5,116,704
13	$9,352,380	-$3,420,711 -$561,143	$5,370,526
14	$9,820,172	-$3,593,794 -$589,210	$5,637,168
15	$10,311,146	-$3,775,454 -$618,669	$5,917,023
16	$10,826,686	-$3,966,204 -$649,601	$6,210,881
17	$11,367,830	-$4,166,427 -$682,070	$6,519,333
18	$11,936,308	-$4,376,764 -$716,178	$6,843,366
19	$12,533,158	-$4,597,599 -$751,989	$7,183,570
20	$13,159,764	-$4,829,443 -$789,586	$7,540,735
21	$13,817,856	-$5,072,937 -$829,071	$7,915,848
22	$14,508,818	-$5,328,593 -$870,529	$8,309,696
23	$15,234,034	-$5,596,923 -$914,042	$8,723,069
24	$15,995,926	-$5,878,823 -$959,756	$9,157,347
25	$16,795,532	-$6,174,677 -$1,007,732	$9,613,123
26	$17,635,620	-$6,485,510 -$1,058,137	$10,091,973
27	$18,517,228	-$6,811,705 -$1,111,034	$10,594,489
28	$19,443,124	-$7,154,286 -$1,166,587	$11,122,251
29	$20,415,384	-$7,514,022 -$1,224,923	$11,676,439
30	$21,436,084	-$7,891,681 -$1,286,165	$12,258,238