Vermont Lottery

VTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jan 6, 2026 is estimated to be $180 Million, with a cash option of 81.9 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 Jan 6, 2026

Draw Date	Jackpot	Cash Option
Tue Jan 6, 2026	$180,000,000	$81,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$81,900,000
Federal Tax(24%)	$19,656,000
Additional Federal Tax	$10,607,330
State Tax(6%)	$4,914,000
Net Lumpsum Payment	$46,722,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,709,180	-$962,727 -$162,551	$1,583,902
2	$2,844,720	-$1,012,877 -$170,683	$1,661,160
3	$2,986,920	-$1,065,491 -$179,215	$1,742,214
4	$3,136,320	-$1,120,769 -$188,179	$1,827,372
5	$3,293,100	-$1,178,777 -$197,586	$1,916,737
6	$3,457,800	-$1,239,716 -$207,468	$2,010,616
7	$3,630,600	-$1,303,652 -$217,836	$2,109,112
8	$3,812,220	-$1,370,852 -$228,733	$2,212,635
9	$4,002,840	-$1,441,381 -$240,170	$2,321,289
10	$4,203,000	-$1,515,440 -$252,180	$2,435,380
11	$4,413,060	-$1,593,163 -$264,784	$2,555,113
12	$4,633,740	-$1,674,814 -$278,024	$2,680,902
13	$4,865,400	-$1,760,528 -$291,924	$2,812,948
14	$5,108,760	-$1,850,572 -$306,526	$2,951,662
15	$5,364,180	-$1,945,077 -$321,851	$3,097,252
16	$5,632,380	-$2,044,311 -$337,943	$3,250,126
17	$5,913,900	-$2,148,473 -$354,834	$3,410,593
18	$6,209,640	-$2,257,897 -$372,578	$3,579,165
19	$6,520,140	-$2,372,782 -$391,208	$3,756,150
20	$6,846,120	-$2,493,395 -$410,767	$3,941,958
21	$7,188,480	-$2,620,068 -$431,309	$4,137,103
22	$7,547,940	-$2,753,068 -$452,876	$4,341,996
23	$7,925,220	-$2,892,662 -$475,513	$4,557,045
24	$8,321,580	-$3,039,315 -$499,295	$4,782,970
25	$8,737,560	-$3,193,228 -$524,254	$5,020,078
26	$9,174,600	-$3,354,932 -$550,476	$5,269,192
27	$9,633,240	-$3,524,629 -$577,994	$5,530,617
28	$10,114,920	-$3,702,851 -$606,895	$5,805,174
29	$10,620,720	-$3,889,997 -$637,243	$6,093,480
30	$11,151,720	-$4,086,467 -$669,103	$6,396,150