The jackpot for the MEGA Millions draw on Fri Oct 3, 2025, is projected to be $520 Million, with an option for a cash payout of $240.1 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Vermont residents, the state will deduct 6% from your lottery earnings.
| Vermont MEGA Millions Jackpot/Cash Option for Fri Oct 3, 2025 |
|---|
| Draw Date | Fri Oct 3, 2025 | | Projected Jackpot | $520,000,000 | | Cash Value | $240,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $240,100,000 | | Federal Tax(24%) | $57,624,000 | | Additional Federal Tax | $31,173,330 | | State Tax(6%) | $14,406,000 | | Net Lumpsum Payment | $136,896,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,826,520 |
$2,856,143
$469,591 |
$4,500,786 |
| 2 |
$8,218,080 |
$3,001,020
$493,085 |
$4,723,975 |
| 3 |
$8,628,880 |
$3,153,016
$517,733 |
$4,958,131 |
| 4 |
$9,060,480 |
$3,312,708
$543,629 |
$5,204,143 |
| 5 |
$9,513,400 |
$3,480,288
$570,804 |
$5,462,308 |
| 6 |
$9,989,200 |
$3,656,334
$599,352 |
$5,733,514 |
| 7 |
$10,488,400 |
$3,841,038
$629,304 |
$6,018,058 |
| 8 |
$11,013,080 |
$4,035,170
$660,785 |
$6,317,125 |
| 9 |
$11,563,760 |
$4,238,922
$693,826 |
$6,631,012 |
| 10 |
$12,142,000 |
$4,452,870
$728,520 |
$6,960,610 |
| 11 |
$12,748,840 |
$4,677,401
$764,930 |
$7,306,509 |
| 12 |
$13,386,360 |
$4,913,284
$803,182 |
$7,669,894 |
| 13 |
$14,055,600 |
$5,160,902
$843,336 |
$8,051,362 |
| 14 |
$14,758,640 |
$5,421,027
$885,518 |
$8,452,095 |
| 15 |
$15,496,520 |
$5,694,043
$929,791 |
$8,872,686 |
| 16 |
$16,271,320 |
$5,980,719
$976,279 |
$9,314,322 |
| 17 |
$17,084,600 |
$6,281,632
$1,025,076 |
$9,777,892 |
| 18 |
$17,938,960 |
$6,597,746
$1,076,338 |
$10,264,876 |
| 19 |
$18,835,960 |
$6,929,636
$1,130,158 |
$10,776,166 |
| 20 |
$19,777,680 |
$7,278,072
$1,186,661 |
$11,312,947 |
| 21 |
$20,766,720 |
$7,644,017
$1,246,003 |
$11,876,700 |
| 22 |
$21,805,160 |
$8,028,240
$1,308,310 |
$12,468,610 |
| 23 |
$22,895,080 |
$8,431,510
$1,373,705 |
$13,089,865 |
| 24 |
$24,040,120 |
$8,855,175
$1,442,407 |
$13,742,538 |
| 25 |
$25,241,840 |
$9,299,811
$1,514,510 |
$14,427,519 |
| 26 |
$26,504,400 |
$9,766,958
$1,590,264 |
$15,147,178 |
| 27 |
$27,829,360 |
$10,257,194
$1,669,762 |
$15,902,404 |
| 28 |
$29,220,880 |
$10,772,056
$1,753,253 |
$16,695,571 |
| 29 |
$30,682,080 |
$11,312,700
$1,840,925 |
$17,528,455 |
| 30 |
$32,216,080 |
$11,880,280
$1,932,965 |
$18,402,835 |
|
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