Vermont Lottery

VTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 23, 2026 is estimated to be $467 Million, with a cash option of 211 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 23, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 23, 2026	$467,000,000	$211,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$211,000,000
Federal Tax(24%)	$50,640,000
Additional Federal Tax	$27,390,330
State Tax(6%)	$12,660,000
Net Lumpsum Payment	$120,309,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,028,817	-$2,560,993 -$421,729	$4,046,095
2	$7,380,468	-$2,691,104 -$442,828	$4,246,536
3	$7,749,398	-$2,827,608 -$464,964	$4,456,826
4	$8,137,008	-$2,971,023 -$488,220	$4,677,765
5	$8,543,765	-$3,121,523 -$512,626	$4,909,616
6	$8,971,070	-$3,279,626 -$538,264	$5,153,180
7	$9,419,390	-$3,445,505 -$565,163	$5,408,722
8	$9,890,593	-$3,619,850 -$593,436	$5,677,307
9	$10,385,146	-$3,802,834 -$623,109	$5,959,203
10	$10,904,450	-$3,994,977 -$654,267	$6,255,206
11	$11,449,439	-$4,196,623 -$686,966	$6,565,850
12	$12,021,981	-$4,408,463 -$721,319	$6,892,199
13	$12,623,010	-$4,630,844 -$757,381	$7,234,785
14	$13,254,394	-$4,864,456 -$795,264	$7,594,674
15	$13,917,067	-$5,109,645 -$835,024	$7,972,398
16	$14,612,897	-$5,367,102 -$876,774	$8,369,021
17	$15,343,285	-$5,637,346 -$920,597	$8,785,342
18	$16,110,566	-$5,921,240 -$966,634	$9,222,692
19	$16,916,141	-$6,219,303 -$1,014,968	$9,681,870
20	$17,761,878	-$6,532,225 -$1,065,713	$10,163,940
21	$18,650,112	-$6,860,872 -$1,119,007	$10,670,233
22	$19,582,711	-$7,205,933 -$1,174,963	$11,201,815
23	$20,561,543	-$7,568,101 -$1,233,693	$11,759,749
24	$21,589,877	-$7,948,585 -$1,295,393	$12,345,899
25	$22,669,114	-$8,347,903 -$1,360,147	$12,961,064
26	$23,802,990	-$8,767,437 -$1,428,179	$13,607,374
27	$24,992,906	-$9,207,706 -$1,499,574	$14,285,626
28	$26,242,598	-$9,670,092 -$1,574,556	$14,997,950
29	$27,554,868	-$10,155,632 -$1,653,292	$15,745,944
30	$28,932,518	-$10,665,362 -$1,735,951	$16,531,205