The jackpot for the MEGA Millions draw on Fri Sep 18, 2026, is projected to be $244 Million, with an option for a cash payout of $103.5 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 Sep 18, 2026 |
|---|
| Draw Date | Fri Sep 18, 2026 | | Projected Jackpot | $244,000,000 | | Cash Value | $103,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $103,500,000 | | Federal Tax(24%) | $24,840,000 | | Additional Federal Tax | $13,415,330 | | State Tax(6%) | $6,210,000 | | Net Lumpsum Payment | $59,034,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,672,444 |
$1,319,135
$220,347 |
$2,132,962 |
| 2 |
$3,856,176 |
$1,387,116
$231,371 |
$2,237,689 |
| 3 |
$4,048,936 |
$1,458,437
$242,936 |
$2,347,563 |
| 4 |
$4,251,456 |
$1,533,369
$255,087 |
$2,463,000 |
| 5 |
$4,463,980 |
$1,612,003
$267,839 |
$2,584,138 |
| 6 |
$4,687,240 |
$1,694,609
$281,234 |
$2,711,397 |
| 7 |
$4,921,480 |
$1,781,278
$295,289 |
$2,844,913 |
| 8 |
$5,167,676 |
$1,872,371
$310,061 |
$2,985,244 |
| 9 |
$5,426,072 |
$1,967,977
$325,564 |
$3,132,531 |
| 10 |
$5,697,400 |
$2,068,368
$341,844 |
$3,287,188 |
| 11 |
$5,982,148 |
$2,173,725
$358,929 |
$3,449,494 |
| 12 |
$6,281,292 |
$2,284,408
$376,878 |
$3,620,006 |
| 13 |
$6,595,320 |
$2,400,599
$395,719 |
$3,799,002 |
| 14 |
$6,925,208 |
$2,522,657
$415,512 |
$3,987,039 |
| 15 |
$7,271,444 |
$2,650,765
$436,287 |
$4,184,392 |
| 16 |
$7,635,004 |
$2,785,282
$458,100 |
$4,391,622 |
| 17 |
$8,016,620 |
$2,926,480
$480,997 |
$4,609,143 |
| 18 |
$8,417,512 |
$3,074,810
$505,051 |
$4,837,651 |
| 19 |
$8,838,412 |
$3,230,543
$530,305 |
$5,077,564 |
| 20 |
$9,280,296 |
$3,394,040
$556,818 |
$5,329,438 |
| 21 |
$9,744,384 |
$3,565,752
$584,663 |
$5,593,969 |
| 22 |
$10,231,652 |
$3,746,042
$613,899 |
$5,871,711 |
| 23 |
$10,743,076 |
$3,935,269
$644,585 |
$6,163,222 |
| 24 |
$11,280,364 |
$4,134,065
$676,822 |
$6,469,477 |
| 25 |
$11,844,248 |
$4,342,702
$710,655 |
$6,790,891 |
| 26 |
$12,436,680 |
$4,561,902
$746,201 |
$7,128,577 |
| 27 |
$13,058,392 |
$4,791,935
$783,504 |
$7,482,953 |
| 28 |
$13,711,336 |
$5,033,525
$822,680 |
$7,855,131 |
| 29 |
$14,396,976 |
$5,287,212
$863,819 |
$8,245,945 |
| 30 |
$15,116,776 |
$5,553,538
$907,007 |
$8,656,231 |
|
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