Vermont Lottery

VTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Feb 17, 2026 is estimated to be $395 Million, with a cash option of 183.3 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 Feb 17, 2026

Draw Date	Jackpot	Cash Option
Tue Feb 17, 2026	$395,000,000	$183,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$183,300,000
Federal Tax(24%)	$43,992,000
Additional Federal Tax	$23,789,330
State Tax(6%)	$10,998,000
Net Lumpsum Payment	$104,520,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,945,145	-$2,160,034 -$356,709	$3,428,402
2	$6,242,580	-$2,270,085 -$374,555	$3,597,940
3	$6,554,630	-$2,385,543 -$393,278	$3,775,809
4	$6,882,480	-$2,506,848 -$412,949	$3,962,683
5	$7,226,525	-$2,634,145 -$433,592	$4,158,788
6	$7,587,950	-$2,767,872 -$455,277	$4,364,801
7	$7,967,150	-$2,908,176 -$478,029	$4,580,945
8	$8,365,705	-$3,055,641 -$501,942	$4,808,122
9	$8,784,010	-$3,210,414 -$527,041	$5,046,555
10	$9,223,250	-$3,372,933 -$553,395	$5,296,922
11	$9,684,215	-$3,543,490 -$581,053	$5,559,672
12	$10,168,485	-$3,722,670 -$610,109	$5,835,706
13	$10,676,850	-$3,910,765 -$640,611	$6,125,474
14	$11,210,890	-$4,108,360 -$672,653	$6,429,877
15	$11,771,395	-$4,315,747 -$706,284	$6,749,364
16	$12,359,945	-$4,533,510 -$741,597	$7,084,838
17	$12,977,725	-$4,762,089 -$778,664	$7,436,972
18	$13,626,710	-$5,002,213 -$817,603	$7,806,894
19	$14,308,085	-$5,254,322 -$858,485	$8,195,278
20	$15,023,430	-$5,518,999 -$901,406	$8,603,025
21	$15,774,720	-$5,796,977 -$946,483	$9,031,260
22	$16,563,535	-$6,088,838 -$993,812	$9,480,885
23	$17,391,455	-$6,395,169 -$1,043,487	$9,952,799
24	$18,261,245	-$6,716,991 -$1,095,675	$10,448,579
25	$19,174,090	-$7,054,744 -$1,150,445	$10,968,901
26	$20,133,150	-$7,409,596 -$1,207,989	$11,515,565
27	$21,139,610	-$7,781,986 -$1,268,377	$12,089,247
28	$22,196,630	-$8,173,083 -$1,331,798	$12,691,749
29	$23,306,580	-$8,583,765 -$1,398,395	$13,324,420
30	$24,471,830	-$9,014,907 -$1,468,310	$13,988,613