Jackpot Analysis Vermont Mega Millions

Jackpot Analysis for Vermont Mega Millions
The jackpot for the MEGA Millions draw on Fri Mar 21, 2025, is projected to be $324 Million, with an option for a cash payout of $150.6 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 Mar 21, 2025
Draw DateFri Mar 21, 2025
Projected Jackpot$324,000,000
Cash Value$150,600,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$150,600,000
Federal Tax(24%)$36,144,000
Additional Federal Tax$19,538,330
State Tax(6%)$9,036,000
Net Lumpsum Payment$85,881,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $4,876,524 $1,764,644
$292,591
$2,819,289
2 $5,120,496 $1,854,914
$307,230
$2,958,352
3 $5,376,456 $1,949,619
$322,587
$3,104,250
4 $5,645,376 $2,049,120
$338,723
$3,257,533
5 $5,927,580 $2,153,535
$355,655
$3,418,390
6 $6,224,040 $2,263,225
$373,442
$3,587,373
7 $6,535,080 $2,378,310
$392,105
$3,764,665
8 $6,861,996 $2,499,269
$411,720
$3,951,007
9 $7,205,112 $2,626,222
$432,307
$4,146,583
10 $7,565,400 $2,759,528
$453,924
$4,351,948
11 $7,943,508 $2,899,428
$476,610
$4,567,470
12 $8,340,732 $3,046,401
$500,444
$4,793,887
13 $8,757,720 $3,200,687
$525,463
$5,031,570
14 $9,195,768 $3,362,765
$551,746
$5,281,257
15 $9,655,524 $3,532,874
$579,331
$5,543,319
16 $10,138,284 $3,711,495
$608,297
$5,818,492
17 $10,645,020 $3,898,988
$638,701
$6,107,331
18 $11,177,352 $4,095,951
$670,641
$6,410,760
19 $11,736,252 $4,302,744
$704,175
$6,729,333
20 $12,323,016 $4,519,846
$739,381
$7,063,789
21 $12,939,264 $4,747,858
$776,356
$7,415,050
22 $13,586,292 $4,987,258
$815,178
$7,783,856
23 $14,265,396 $5,238,527
$855,924
$8,170,945
24 $14,978,844 $5,502,503
$898,731
$8,577,610
25 $15,727,608 $5,779,545
$943,656
$9,004,407
26 $16,514,280 $6,070,614
$990,857
$9,452,809
27 $17,339,832 $6,376,068
$1,040,390
$9,923,374
28 $18,206,856 $6,696,867
$1,092,411
$10,417,578
29 $19,117,296 $7,033,730
$1,147,038
$10,936,528
30 $20,073,096 $7,387,376
$1,204,386
$11,481,334