Vermont Lottery

VTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Nov 4, 2025 is estimated to be $800 Million, with a cash option of 371.7 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 Nov 4, 2025

Draw Date	Jackpot	Cash Option
Tue Nov 4, 2025	$800,000,000	$371,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$371,700,000
Federal Tax(24%)	$89,208,000
Additional Federal Tax	$48,281,330
State Tax(6%)	$22,302,000
Net Lumpsum Payment	$211,908,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$12,040,800	-$4,415,426 -$722,448	$6,902,926
2	$12,643,200	-$4,638,314 -$758,592	$7,246,294
3	$13,275,200	-$4,872,154 -$796,512	$7,606,534
4	$13,939,200	-$5,117,834 -$836,352	$7,985,014
5	$14,636,000	-$5,375,650 -$878,160	$8,382,190
6	$15,368,000	-$5,646,490 -$922,080	$8,799,430
7	$16,136,000	-$5,930,650 -$968,160	$9,237,190
8	$16,943,200	-$6,229,314 -$1,016,592	$9,697,294
9	$17,790,400	-$6,542,778 -$1,067,424	$10,180,198
10	$18,680,000	-$6,871,930 -$1,120,800	$10,687,270
11	$19,613,600	-$7,217,362 -$1,176,816	$11,219,422
12	$20,594,400	-$7,580,258 -$1,235,664	$11,778,478
13	$21,624,000	-$7,961,210 -$1,297,440	$12,365,350
14	$22,705,600	-$8,361,402 -$1,362,336	$12,981,862
15	$23,840,800	-$8,781,426 -$1,430,448	$13,628,926
16	$25,032,800	-$9,222,466 -$1,501,968	$14,308,366
17	$26,284,000	-$9,685,410 -$1,577,040	$15,021,550
18	$27,598,400	-$10,171,738 -$1,655,904	$15,770,758
19	$28,978,400	-$10,682,338 -$1,738,704	$16,557,358
20	$30,427,200	-$11,218,394 -$1,825,632	$17,383,174
21	$31,948,800	-$11,781,386 -$1,916,928	$18,250,486
22	$33,546,400	-$12,372,498 -$2,012,784	$19,161,118
23	$35,223,200	-$12,992,914 -$2,113,392	$20,116,894
24	$36,984,800	-$13,644,706 -$2,219,088	$21,121,006
25	$38,833,600	-$14,328,762 -$2,330,016	$22,174,822
26	$40,776,000	-$15,047,450 -$2,446,560	$23,281,990
27	$42,814,400	-$15,801,658 -$2,568,864	$24,443,878
28	$44,955,200	-$16,593,754 -$2,697,312	$25,664,134
29	$47,203,200	-$17,425,514 -$2,832,192	$26,945,494
30	$49,563,200	-$18,298,714 -$2,973,792	$28,290,694