Vermont Lottery

VTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue May 12, 2026 is estimated to be $232 Million, with a cash option of 103.8 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 May 12, 2026

Draw Date	Jackpot	Cash Option
Tue May 12, 2026	$232,000,000	$103,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$103,800,000
Federal Tax(24%)	$24,912,000
Additional Federal Tax	$13,454,330
State Tax(6%)	$6,228,000
Net Lumpsum Payment	$59,205,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,491,832	-$1,252,308 -$209,510	$2,030,014
2	$3,666,528	-$1,316,946 -$219,992	$2,129,590
3	$3,849,808	-$1,384,759 -$230,988	$2,234,061
4	$4,042,368	-$1,456,007 -$242,542	$2,343,819
5	$4,244,440	-$1,530,773 -$254,666	$2,459,001
6	$4,456,720	-$1,609,317 -$267,403	$2,580,000
7	$4,679,440	-$1,691,723 -$280,766	$2,706,951
8	$4,913,528	-$1,778,336 -$294,812	$2,840,380
9	$5,159,216	-$1,869,240 -$309,553	$2,980,423
10	$5,417,200	-$1,964,694 -$325,032	$3,127,474
11	$5,687,944	-$2,064,870 -$341,277	$3,281,797
12	$5,972,376	-$2,170,110 -$358,343	$3,443,923
13	$6,270,960	-$2,280,586 -$376,258	$3,614,116
14	$6,584,624	-$2,396,641 -$395,077	$3,792,906
15	$6,913,832	-$2,518,448 -$414,830	$3,980,554
16	$7,259,512	-$2,646,350 -$435,571	$4,177,591
17	$7,622,360	-$2,780,604 -$457,342	$4,384,414
18	$8,003,536	-$2,921,639 -$480,212	$4,601,685
19	$8,403,736	-$3,069,713 -$504,224	$4,829,799
20	$8,823,888	-$3,225,169 -$529,433	$5,069,286
21	$9,265,152	-$3,388,437 -$555,909	$5,320,806
22	$9,728,456	-$3,559,859 -$583,707	$5,584,890
23	$10,214,728	-$3,739,780 -$612,884	$5,862,064
24	$10,725,592	-$3,928,799 -$643,536	$6,153,257
25	$11,261,744	-$4,127,176 -$675,705	$6,458,863
26	$11,825,040	-$4,335,595 -$709,502	$6,779,943
27	$12,416,176	-$4,554,316 -$744,971	$7,116,889
28	$13,037,008	-$4,784,023 -$782,220	$7,470,765
29	$13,688,928	-$5,025,234 -$821,336	$7,842,358
30	$14,373,328	-$5,278,462 -$862,400	$8,232,466