The jackpot for the MEGA Millions draw on Tue Dec 23, 2025, is projected to be $100 Million, with an option for a cash payout of $45.5 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 Tue Dec 23, 2025 |
|---|
| Draw Date | Tue Dec 23, 2025 | | Projected Jackpot | $100,000,000 | | Cash Value | $45,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $45,500,000 | | Federal Tax(24%) | $10,920,000 | | Additional Federal Tax | $5,875,330 | | State Tax(6%) | $2,730,000 | | Net Lumpsum Payment | $25,974,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,505,100 |
$517,217
$90,306 |
$897,577 |
| 2 |
$1,580,400 |
$545,078
$94,824 |
$940,498 |
| 3 |
$1,659,400 |
$574,308
$99,564 |
$985,528 |
| 4 |
$1,742,400 |
$605,018
$104,544 |
$1,032,838 |
| 5 |
$1,829,500 |
$637,245
$109,770 |
$1,082,485 |
| 6 |
$1,921,000 |
$671,100
$115,260 |
$1,134,640 |
| 7 |
$2,017,000 |
$706,620
$121,020 |
$1,189,360 |
| 8 |
$2,117,900 |
$743,953
$127,074 |
$1,246,873 |
| 9 |
$2,223,800 |
$783,136
$133,428 |
$1,307,236 |
| 10 |
$2,335,000 |
$824,280
$140,100 |
$1,370,620 |
| 11 |
$2,451,700 |
$867,459
$147,102 |
$1,437,139 |
| 12 |
$2,574,300 |
$912,821
$154,458 |
$1,507,021 |
| 13 |
$2,703,000 |
$960,440
$162,180 |
$1,580,380 |
| 14 |
$2,838,200 |
$1,010,464
$170,292 |
$1,657,444 |
| 15 |
$2,980,100 |
$1,062,967
$178,806 |
$1,738,327 |
| 16 |
$3,129,100 |
$1,118,097
$187,746 |
$1,823,257 |
| 17 |
$3,285,500 |
$1,175,965
$197,130 |
$1,912,405 |
| 18 |
$3,449,800 |
$1,236,756
$206,988 |
$2,006,056 |
| 19 |
$3,622,300 |
$1,300,581
$217,338 |
$2,104,381 |
| 20 |
$3,803,400 |
$1,367,588
$228,204 |
$2,207,608 |
| 21 |
$3,993,600 |
$1,437,962
$239,616 |
$2,316,022 |
| 22 |
$4,193,300 |
$1,511,851
$251,598 |
$2,429,851 |
| 23 |
$4,402,900 |
$1,589,403
$264,174 |
$2,549,323 |
| 24 |
$4,623,100 |
$1,670,877
$277,386 |
$2,674,837 |
| 25 |
$4,854,200 |
$1,756,384
$291,252 |
$2,806,564 |
| 26 |
$5,097,000 |
$1,846,220
$305,820 |
$2,944,960 |
| 27 |
$5,351,800 |
$1,940,496
$321,108 |
$3,090,196 |
| 28 |
$5,619,400 |
$2,039,508
$337,164 |
$3,242,728 |
| 29 |
$5,900,400 |
$2,143,478
$354,024 |
$3,402,898 |
| 30 |
$6,195,400 |
$2,252,628
$371,724 |
$3,571,048 |
|
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