Vermont Lottery

VTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 15, 2026 is estimated to be $227 Million, with a cash option of 96.3 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 Sep 15, 2026

Draw Date	Jackpot	Cash Option
Tue Sep 15, 2026	$227,000,000	$96,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$96,300,000
Federal Tax(24%)	$23,112,000
Additional Federal Tax	$12,479,330
State Tax(6%)	$5,778,000
Net Lumpsum Payment	$54,930,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,416,577	-$1,224,464 -$204,995	$1,987,118
2	$3,587,508	-$1,287,708 -$215,250	$2,084,550
3	$3,766,838	-$1,354,060 -$226,010	$2,186,768
4	$3,955,248	-$1,423,772 -$237,315	$2,294,161
5	$4,152,965	-$1,496,927 -$249,178	$2,406,860
6	$4,360,670	-$1,573,778 -$261,640	$2,525,252
7	$4,578,590	-$1,654,409 -$274,715	$2,649,466
8	$4,807,633	-$1,739,155 -$288,458	$2,780,020
9	$5,048,026	-$1,828,100 -$302,882	$2,917,044
10	$5,300,450	-$1,921,497 -$318,027	$3,060,926
11	$5,565,359	-$2,019,513 -$333,922	$3,211,924
12	$5,843,661	-$2,122,485 -$350,620	$3,370,556
13	$6,135,810	-$2,230,580 -$368,149	$3,537,081
14	$6,442,714	-$2,344,135 -$386,563	$3,712,016
15	$6,764,827	-$2,463,316 -$405,890	$3,895,621
16	$7,103,057	-$2,588,461 -$426,183	$4,088,413
17	$7,458,085	-$2,719,822 -$447,485	$4,290,778
18	$7,831,046	-$2,857,817 -$469,863	$4,503,366
19	$8,222,621	-$3,002,700 -$493,357	$4,726,564
20	$8,633,718	-$3,154,806 -$518,023	$4,960,889
21	$9,065,472	-$3,314,555 -$543,928	$5,206,989
22	$9,518,791	-$3,482,283 -$571,127	$5,465,381
23	$9,994,583	-$3,658,326 -$599,675	$5,736,582
24	$10,494,437	-$3,843,272 -$629,666	$6,021,499
25	$11,019,034	-$4,037,373 -$661,142	$6,320,519
26	$11,570,190	-$4,241,301 -$694,211	$6,634,678
27	$12,148,586	-$4,455,307 -$728,915	$6,964,364
28	$12,756,038	-$4,680,064 -$765,362	$7,310,612
29	$13,393,908	-$4,916,076 -$803,634	$7,674,198
30	$14,063,558	-$5,163,847 -$843,813	$8,055,898