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 Date | Fri 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 |
|
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