Vermont Lottery

VTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 25, 2026 is estimated to be $130 Million, with a cash option of 55.5 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 Aug 25, 2026

Draw Date	Jackpot	Cash Option
Tue Aug 25, 2026	$130,000,000	$55,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$55,500,000
Federal Tax(24%)	$13,320,000
Additional Federal Tax	$7,175,330
State Tax(6%)	$3,330,000
Net Lumpsum Payment	$31,674,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,956,630	-$684,283 -$117,398	$1,154,949
2	$2,054,520	-$720,503 -$123,271	$1,210,746
3	$2,157,220	-$758,502 -$129,433	$1,269,285
4	$2,265,120	-$798,425 -$135,907	$1,330,788
5	$2,378,350	-$840,320 -$142,701	$1,395,329
6	$2,497,300	-$884,331 -$149,838	$1,463,131
7	$2,622,100	-$930,507 -$157,326	$1,534,267
8	$2,753,270	-$979,040 -$165,196	$1,609,034
9	$2,890,940	-$1,029,978 -$173,456	$1,687,506
10	$3,035,500	-$1,083,465 -$182,130	$1,769,905
11	$3,187,210	-$1,139,598 -$191,233	$1,856,379
12	$3,346,590	-$1,198,569 -$200,795	$1,947,226
13	$3,513,900	-$1,260,473 -$210,834	$2,042,593
14	$3,689,660	-$1,325,505 -$221,380	$2,142,775
15	$3,874,130	-$1,393,758 -$232,448	$2,247,924
16	$4,067,830	-$1,465,427 -$244,070	$2,358,333
17	$4,271,150	-$1,540,656 -$256,269	$2,474,225
18	$4,484,740	-$1,619,684 -$269,084	$2,595,972
19	$4,708,990	-$1,702,657 -$282,539	$2,723,794
20	$4,944,420	-$1,789,766 -$296,665	$2,857,989
21	$5,191,680	-$1,881,252 -$311,501	$2,998,927
22	$5,451,290	-$1,977,308 -$327,077	$3,146,905
23	$5,723,770	-$2,078,125 -$343,426	$3,302,219
24	$6,010,030	-$2,184,041 -$360,602	$3,465,387
25	$6,310,460	-$2,295,201 -$378,628	$3,636,631
26	$6,626,100	-$2,411,987 -$397,566	$3,816,547
27	$6,957,340	-$2,534,546 -$417,440	$4,005,354
28	$7,305,220	-$2,663,262 -$438,313	$4,203,645
29	$7,670,520	-$2,798,423 -$460,231	$4,411,866
30	$8,054,020	-$2,940,318 -$483,241	$4,630,461