Vermont Lottery

VTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jul 14, 2026 is estimated to be $637 Million, with a cash option of 278 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 Jul 14, 2026

Draw Date	Jackpot	Cash Option
Tue Jul 14, 2026	$637,000,000	$278,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$278,000,000
Federal Tax(24%)	$66,720,000
Additional Federal Tax	$36,100,330
State Tax(6%)	$16,680,000
Net Lumpsum Payment	$158,499,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,587,487	-$3,507,701 -$575,249	$5,504,537
2	$10,067,148	-$3,685,175 -$604,029	$5,777,944
3	$10,570,378	-$3,871,370 -$634,223	$6,064,785
4	$11,099,088	-$4,066,993 -$665,945	$6,366,150
5	$11,653,915	-$4,272,279 -$699,235	$6,682,401
6	$12,236,770	-$4,487,935 -$734,206	$7,014,629
7	$12,848,290	-$4,714,198 -$770,897	$7,363,195
8	$13,491,023	-$4,952,009 -$809,461	$7,729,553
9	$14,165,606	-$5,201,605 -$849,936	$8,114,065
10	$14,873,950	-$5,463,692 -$892,437	$8,517,821
11	$15,617,329	-$5,738,742 -$937,040	$8,941,547
12	$16,398,291	-$6,027,698 -$983,897	$9,386,696
13	$17,218,110	-$6,331,031 -$1,033,087	$9,853,992
14	$18,079,334	-$6,649,684 -$1,084,760	$10,344,890
15	$18,983,237	-$6,984,128 -$1,138,994	$10,860,115
16	$19,932,367	-$7,335,306 -$1,195,942	$11,401,119
17	$20,928,635	-$7,703,925 -$1,255,718	$11,968,992
18	$21,975,226	-$8,091,164 -$1,318,514	$12,565,548
19	$23,074,051	-$8,497,729 -$1,384,443	$13,191,879
20	$24,227,658	-$8,924,564 -$1,453,659	$13,849,435
21	$25,439,232	-$9,372,846 -$1,526,354	$14,540,032
22	$26,711,321	-$9,843,519 -$1,602,679	$15,265,123
23	$28,046,473	-$10,337,525 -$1,682,788	$16,026,160
24	$29,449,147	-$10,856,515 -$1,766,949	$16,825,683
25	$30,921,254	-$11,401,194 -$1,855,275	$17,664,785
26	$32,467,890	-$11,973,450 -$1,948,073	$18,546,367
27	$34,090,966	-$12,573,988 -$2,045,458	$19,471,520
28	$35,795,578	-$13,204,694 -$2,147,735	$20,443,149
29	$37,585,548	-$13,866,983 -$2,255,133	$21,463,432
30	$39,464,698	-$14,562,269 -$2,367,882	$22,534,547