The jackpot for the MEGA Millions draw on Tue Jun 17, 2025, is projected to be $280 Million, with an option for a cash payout of $126.1 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 17, 2025 |
|---|
| Draw Date | Tue Jun 17, 2025 | | Projected Jackpot | $280,000,000 | | Cash Value | $126,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $126,100,000 | | Federal Tax(24%) | $30,264,000 | | Additional Federal Tax | $16,353,330 | | State Tax(6%) | $7,566,000 | | Net Lumpsum Payment | $71,916,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,214,280 |
$1,519,614
$252,857 |
$2,441,809 |
| 2 |
$4,425,120 |
$1,597,625
$265,507 |
$2,561,988 |
| 3 |
$4,646,320 |
$1,679,469
$278,779 |
$2,688,072 |
| 4 |
$4,878,720 |
$1,765,457
$292,723 |
$2,820,540 |
| 5 |
$5,122,600 |
$1,855,692
$307,356 |
$2,959,552 |
| 6 |
$5,378,800 |
$1,950,486
$322,728 |
$3,105,586 |
| 7 |
$5,647,600 |
$2,049,942
$338,856 |
$3,258,802 |
| 8 |
$5,930,120 |
$2,154,475
$355,807 |
$3,419,838 |
| 9 |
$6,226,640 |
$2,264,187
$373,598 |
$3,588,855 |
| 10 |
$6,538,000 |
$2,379,390
$392,280 |
$3,766,330 |
| 11 |
$6,864,760 |
$2,500,292
$411,886 |
$3,952,582 |
| 12 |
$7,208,040 |
$2,627,305
$432,482 |
$4,148,253 |
| 13 |
$7,568,400 |
$2,760,638
$454,104 |
$4,353,658 |
| 14 |
$7,946,960 |
$2,900,706
$476,818 |
$4,569,436 |
| 15 |
$8,344,280 |
$3,047,714
$500,657 |
$4,795,909 |
| 16 |
$8,761,480 |
$3,202,078
$525,689 |
$5,033,713 |
| 17 |
$9,199,400 |
$3,364,108
$551,964 |
$5,283,328 |
| 18 |
$9,659,440 |
$3,534,323
$579,566 |
$5,545,551 |
| 19 |
$10,142,440 |
$3,713,033
$608,546 |
$5,820,861 |
| 20 |
$10,649,520 |
$3,900,653
$638,971 |
$6,109,896 |
| 21 |
$11,182,080 |
$4,097,700
$670,925 |
$6,413,455 |
| 22 |
$11,741,240 |
$4,304,589
$704,474 |
$6,732,177 |
| 23 |
$12,328,120 |
$4,521,735
$739,687 |
$7,066,698 |
| 24 |
$12,944,680 |
$4,749,862
$776,681 |
$7,418,137 |
| 25 |
$13,591,760 |
$4,989,282
$815,506 |
$7,786,972 |
| 26 |
$14,271,600 |
$5,240,822
$856,296 |
$8,174,482 |
| 27 |
$14,985,040 |
$5,504,795
$899,102 |
$8,581,143 |
| 28 |
$15,734,320 |
$5,782,029
$944,059 |
$9,008,232 |
| 29 |
$16,521,120 |
$6,073,145
$991,267 |
$9,456,708 |
| 30 |
$17,347,120 |
$6,378,765
$1,040,827 |
$9,927,528 |
|
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