Vermont Lottery

VTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 14, 2025 is estimated to be $600 Million, with a cash option of 277.2 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 Oct 14, 2025

Draw Date	Jackpot	Cash Option
Tue Oct 14, 2025	$600,000,000	$277,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$277,200,000
Federal Tax(24%)	$66,528,000
Additional Federal Tax	$35,996,330
State Tax(6%)	$16,632,000
Net Lumpsum Payment	$158,043,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,030,600	-$3,301,652 -$541,836	$5,187,112
2	$9,482,400	-$3,468,818 -$568,944	$5,444,638
3	$9,956,400	-$3,644,198 -$597,384	$5,714,818
4	$10,454,400	-$3,828,458 -$627,264	$5,998,678
5	$10,977,000	-$4,021,820 -$658,620	$6,296,560
6	$11,526,000	-$4,224,950 -$691,560	$6,609,490
7	$12,102,000	-$4,438,070 -$726,120	$6,937,810
8	$12,707,400	-$4,662,068 -$762,444	$7,282,888
9	$13,342,800	-$4,897,166 -$800,568	$7,645,066
10	$14,010,000	-$5,144,030 -$840,600	$8,025,370
11	$14,710,200	-$5,403,104 -$882,612	$8,424,484
12	$15,445,800	-$5,675,276 -$926,748	$8,843,776
13	$16,218,000	-$5,960,990 -$973,080	$9,283,930
14	$17,029,200	-$6,261,134 -$1,021,752	$9,746,314
15	$17,880,600	-$6,576,152 -$1,072,836	$10,231,612
16	$18,774,600	-$6,906,932 -$1,126,476	$10,741,192
17	$19,713,000	-$7,254,140 -$1,182,780	$11,276,080
18	$20,698,800	-$7,618,886 -$1,241,928	$11,837,986
19	$21,733,800	-$8,001,836 -$1,304,028	$12,427,936
20	$22,820,400	-$8,403,878 -$1,369,224	$13,047,298
21	$23,961,600	-$8,826,122 -$1,437,696	$13,697,782
22	$25,159,800	-$9,269,456 -$1,509,588	$14,380,756
23	$26,417,400	-$9,734,768 -$1,585,044	$15,097,588
24	$27,738,600	-$10,223,612 -$1,664,316	$15,850,672
25	$29,125,200	-$10,736,654 -$1,747,512	$16,641,034
26	$30,582,000	-$11,275,670 -$1,834,920	$17,471,410
27	$32,110,800	-$11,841,326 -$1,926,648	$18,342,826
28	$33,716,400	-$12,435,398 -$2,022,984	$19,258,018
29	$35,402,400	-$13,059,218 -$2,124,144	$20,219,038
30	$37,172,400	-$13,714,118 -$2,230,344	$21,227,938