The jackpot for the MEGA Millions draw on Tue Jun 30, 2026, is projected to be $511 Million, with an option for a cash payout of $231 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 Jun 30, 2026 |
|---|
| Draw Date | Tue Jun 30, 2026 | | Projected Jackpot | $511,000,000 | | Cash Value | $231,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $231,000,000 | | Federal Tax(24%) | $55,440,000 | | Additional Federal Tax | $29,990,330 | | State Tax(6%) | $13,860,000 | | Net Lumpsum Payment | $131,709,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,691,061 |
$2,806,023
$461,464 |
$4,423,574 |
| 2 |
$8,075,844 |
$2,948,393
$484,551 |
$4,642,900 |
| 3 |
$8,479,534 |
$3,097,758
$508,772 |
$4,873,004 |
| 4 |
$8,903,664 |
$3,254,686
$534,220 |
$5,114,758 |
| 5 |
$9,348,745 |
$3,419,366
$560,925 |
$5,368,454 |
| 6 |
$9,816,310 |
$3,592,365
$588,979 |
$5,634,966 |
| 7 |
$10,306,870 |
$3,773,872
$618,412 |
$5,914,586 |
| 8 |
$10,822,469 |
$3,964,644
$649,348 |
$6,208,477 |
| 9 |
$11,363,618 |
$4,164,869
$681,817 |
$6,516,932 |
| 10 |
$11,931,850 |
$4,375,115
$715,911 |
$6,840,824 |
| 11 |
$12,528,187 |
$4,595,760
$751,691 |
$7,180,736 |
| 12 |
$13,154,673 |
$4,827,559
$789,280 |
$7,537,834 |
| 13 |
$13,812,330 |
$5,070,892
$828,740 |
$7,912,698 |
| 14 |
$14,503,202 |
$5,326,515
$870,192 |
$8,306,495 |
| 15 |
$15,228,311 |
$5,594,805
$913,699 |
$8,719,807 |
| 16 |
$15,989,701 |
$5,876,520
$959,382 |
$9,153,799 |
| 17 |
$16,788,905 |
$6,172,225
$1,007,334 |
$9,609,346 |
| 18 |
$17,628,478 |
$6,482,867
$1,057,709 |
$10,087,902 |
| 19 |
$18,509,953 |
$6,809,013
$1,110,597 |
$10,590,343 |
| 20 |
$19,435,374 |
$7,151,419
$1,166,122 |
$11,117,833 |
| 21 |
$20,407,296 |
$7,511,030
$1,224,438 |
$11,671,828 |
| 22 |
$21,427,763 |
$7,888,603
$1,285,666 |
$12,253,494 |
| 23 |
$22,498,819 |
$8,284,893
$1,349,929 |
$12,863,997 |
| 24 |
$23,624,041 |
$8,701,226
$1,417,442 |
$13,505,373 |
| 25 |
$24,804,962 |
$9,138,166
$1,488,298 |
$14,178,498 |
| 26 |
$26,045,670 |
$9,597,228
$1,562,740 |
$14,885,702 |
| 27 |
$27,347,698 |
$10,078,979
$1,640,862 |
$15,627,857 |
| 28 |
$28,715,134 |
$10,584,930
$1,722,908 |
$16,407,296 |
| 29 |
$30,151,044 |
$11,116,217
$1,809,063 |
$17,225,764 |
| 30 |
$31,658,494 |
$11,673,973
$1,899,510 |
$18,085,011 |
|
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