Vermont Lottery

VTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Mar 11, 2025 is estimated to be $256 Million, with a cash option of 119.5 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 Mar 11, 2025

Draw Date	Jackpot	Cash Option
Tue Mar 11, 2025	$256,000,000	$119,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$119,500,000
Federal Tax(24%)	$28,680,000
Additional Federal Tax	$15,495,330
State Tax(6%)	$7,170,000
Net Lumpsum Payment	$68,154,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,853,056	-$1,385,961 -$231,183	$2,235,912
2	$4,045,824	-$1,457,285 -$242,749	$2,345,790
3	$4,248,064	-$1,532,114 -$254,884	$2,461,066
4	$4,460,544	-$1,610,732 -$267,633	$2,582,179
5	$4,683,520	-$1,693,233 -$281,011	$2,709,276
6	$4,917,760	-$1,779,902 -$295,066	$2,842,792
7	$5,163,520	-$1,870,833 -$309,811	$2,982,876
8	$5,421,824	-$1,966,405 -$325,309	$3,130,110
9	$5,692,928	-$2,066,714 -$341,576	$3,284,638
10	$5,977,600	-$2,172,042 -$358,656	$3,446,902
11	$6,276,352	-$2,282,581 -$376,581	$3,617,190
12	$6,590,208	-$2,398,707 -$395,412	$3,796,089
13	$6,919,680	-$2,520,612 -$415,181	$3,983,887
14	$7,265,792	-$2,648,673 -$435,948	$4,181,171
15	$7,629,056	-$2,783,081 -$457,743	$4,388,232
16	$8,010,496	-$2,924,214 -$480,630	$4,605,652
17	$8,410,880	-$3,072,356 -$504,653	$4,833,871
18	$8,831,488	-$3,227,981 -$529,889	$5,073,618
19	$9,273,088	-$3,391,373 -$556,385	$5,325,330
20	$9,736,704	-$3,562,911 -$584,202	$5,589,591
21	$10,223,616	-$3,743,068 -$613,417	$5,867,131
22	$10,734,848	-$3,932,224 -$644,091	$6,158,533
23	$11,271,424	-$4,130,757 -$676,285	$6,464,382
24	$11,835,136	-$4,339,331 -$710,108	$6,785,697
25	$12,426,752	-$4,558,229 -$745,605	$7,122,918
26	$13,048,320	-$4,788,209 -$782,899	$7,477,212
27	$13,700,608	-$5,029,555 -$822,036	$7,849,017
28	$14,385,664	-$5,283,026 -$863,140	$8,239,498
29	$15,105,024	-$5,549,189 -$906,301	$8,649,534
30	$15,860,224	-$5,828,613 -$951,613	$9,079,998