Vermont Lottery

VTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Dec 16, 2025 is estimated to be $80 Million, with a cash option of 36.2 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 Dec 16, 2025

Draw Date	Jackpot	Cash Option
Tue Dec 16, 2025	$80,000,000	$36,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$36,200,000
Federal Tax(24%)	$8,688,000
Additional Federal Tax	$4,666,330
State Tax(6%)	$2,172,000
Net Lumpsum Payment	$20,673,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,204,080	-$405,840 -$72,245	$725,995
2	$1,264,320	-$428,129 -$75,859	$760,332
3	$1,327,520	-$451,513 -$79,651	$796,356
4	$1,393,920	-$476,081 -$83,635	$834,204
5	$1,463,600	-$501,862 -$87,816	$873,922
6	$1,536,800	-$528,946 -$92,208	$915,646
7	$1,613,600	-$557,362 -$96,816	$959,422
8	$1,694,320	-$587,229 -$101,659	$1,005,432
9	$1,779,040	-$618,575 -$106,742	$1,053,723
10	$1,868,000	-$651,490 -$112,080	$1,104,430
11	$1,961,360	-$686,034 -$117,682	$1,157,644
12	$2,059,440	-$722,323 -$123,566	$1,213,551
13	$2,162,400	-$760,418 -$129,744	$1,272,238
14	$2,270,560	-$800,438 -$136,234	$1,333,888
15	$2,384,080	-$842,440 -$143,045	$1,398,595
16	$2,503,280	-$886,544 -$150,197	$1,466,539
17	$2,628,400	-$932,838 -$157,704	$1,537,858
18	$2,759,840	-$981,471 -$165,590	$1,612,779
19	$2,897,840	-$1,032,531 -$173,870	$1,691,439
20	$3,042,720	-$1,086,137 -$182,563	$1,774,020
21	$3,194,880	-$1,142,436 -$191,693	$1,860,751
22	$3,354,640	-$1,201,547 -$201,278	$1,951,815
23	$3,522,320	-$1,263,589 -$211,339	$2,047,392
24	$3,698,480	-$1,328,768 -$221,909	$2,147,803
25	$3,883,360	-$1,397,174 -$233,002	$2,253,184
26	$4,077,600	-$1,469,042 -$244,656	$2,363,902
27	$4,281,440	-$1,544,463 -$256,886	$2,480,091
28	$4,495,520	-$1,623,673 -$269,731	$2,602,116
29	$4,720,320	-$1,706,849 -$283,219	$2,730,252
30	$4,956,320	-$1,794,169 -$297,379	$2,864,772