Vermont Lottery

VTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Mar 10, 2026 is estimated to be $533 Million, with a cash option of 244.2 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 Mar 10, 2026

Draw Date	Jackpot	Cash Option
Tue Mar 10, 2026	$533,000,000	$244,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$244,200,000
Federal Tax(24%)	$58,608,000
Additional Federal Tax	$31,706,330
State Tax(6%)	$14,652,000
Net Lumpsum Payment	$139,233,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,022,183	-$2,928,538 -$481,331	$4,612,314
2	$8,423,532	-$3,077,037 -$505,412	$4,841,083
3	$8,844,602	-$3,232,833 -$530,676	$5,081,093
4	$9,286,992	-$3,396,517 -$557,220	$5,333,255
5	$9,751,235	-$3,568,287 -$585,074	$5,597,874
6	$10,238,930	-$3,748,734 -$614,336	$5,875,860
7	$10,750,610	-$3,938,056 -$645,037	$6,167,517
8	$11,288,407	-$4,137,041 -$677,304	$6,474,062
9	$11,852,854	-$4,345,886 -$711,171	$6,795,797
10	$12,445,550	-$4,565,184 -$746,733	$7,133,633
11	$13,067,561	-$4,795,328 -$784,054	$7,488,179
12	$13,721,019	-$5,037,107 -$823,261	$7,860,651
13	$14,406,990	-$5,290,917 -$864,419	$8,251,654
14	$15,127,606	-$5,557,545 -$907,656	$8,662,405
15	$15,883,933	-$5,837,386 -$953,036	$9,093,511
16	$16,678,103	-$6,131,228 -$1,000,686	$9,546,189
17	$17,511,715	-$6,439,665 -$1,050,703	$10,021,347
18	$18,387,434	-$6,763,681 -$1,103,246	$10,520,507
19	$19,306,859	-$7,103,868 -$1,158,412	$11,044,579
20	$20,272,122	-$7,461,016 -$1,216,327	$11,594,779
21	$21,285,888	-$7,836,109 -$1,277,153	$12,172,626
22	$22,350,289	-$8,229,937 -$1,341,017	$12,779,335
23	$23,467,457	-$8,643,289 -$1,408,047	$13,416,121
24	$24,641,123	-$9,077,546 -$1,478,467	$14,085,110
25	$25,872,886	-$9,533,298 -$1,552,373	$14,787,215
26	$27,167,010	-$10,012,124 -$1,630,021	$15,524,865
27	$28,525,094	-$10,514,615 -$1,711,506	$16,298,973
28	$29,951,402	-$11,042,349 -$1,797,084	$17,111,969
29	$31,449,132	-$11,596,509 -$1,886,948	$17,965,675
30	$33,021,482	-$12,178,279 -$1,981,289	$18,861,914