Vermont Lottery

VTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 5, 2025 is estimated to be $150 Million, with a cash option of 67.9 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 Aug 5, 2025

Draw Date	Jackpot	Cash Option
Tue Aug 5, 2025	$150,000,000	$67,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$67,900,000
Federal Tax(24%)	$16,296,000
Additional Federal Tax	$8,787,330
State Tax(6%)	$4,074,000
Net Lumpsum Payment	$38,742,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,257,650	-$795,661 -$135,459	$1,326,530
2	$2,370,600	-$837,452 -$142,236	$1,390,912
3	$2,489,100	-$881,297 -$149,346	$1,458,457
4	$2,613,600	-$927,362 -$156,816	$1,529,422
5	$2,744,250	-$975,703 -$164,655	$1,603,892
6	$2,881,500	-$1,026,485 -$172,890	$1,682,125
7	$3,025,500	-$1,079,765 -$181,530	$1,764,205
8	$3,176,850	-$1,135,765 -$190,611	$1,850,474
9	$3,335,700	-$1,194,539 -$200,142	$1,941,019
10	$3,502,500	-$1,256,255 -$210,150	$2,036,095
11	$3,677,550	-$1,321,024 -$220,653	$2,135,873
12	$3,861,450	-$1,389,067 -$231,687	$2,240,696
13	$4,054,500	-$1,460,495 -$243,270	$2,350,735
14	$4,257,300	-$1,535,531 -$255,438	$2,466,331
15	$4,470,150	-$1,614,286 -$268,209	$2,587,655
16	$4,693,650	-$1,696,981 -$281,619	$2,715,050
17	$4,928,250	-$1,783,783 -$295,695	$2,848,772
18	$5,174,700	-$1,874,969 -$310,482	$2,989,249
19	$5,433,450	-$1,970,707 -$326,007	$3,136,736
20	$5,705,100	-$2,071,217 -$342,306	$3,291,577
21	$5,990,400	-$2,176,778 -$359,424	$3,454,198
22	$6,289,950	-$2,287,612 -$377,397	$3,624,941
23	$6,604,350	-$2,403,940 -$396,261	$3,804,149
24	$6,934,650	-$2,526,151 -$416,079	$3,992,420
25	$7,281,300	-$2,654,411 -$436,878	$4,190,011
26	$7,645,500	-$2,789,165 -$458,730	$4,397,605
27	$8,027,700	-$2,930,579 -$481,662	$4,615,459
28	$8,429,100	-$3,079,097 -$505,746	$4,844,257
29	$8,850,600	-$3,235,052 -$531,036	$5,084,512
30	$9,293,100	-$3,398,777 -$557,586	$5,336,737