The jackpot for the MEGA Millions draw on Fri Aug 8, 2025, is projected to be $166 Million, with an option for a cash payout of $75.2 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 Aug 8, 2025 |
|---|
| Draw Date | Fri Aug 8, 2025 | | Projected Jackpot | $166,000,000 | | Cash Value | $75,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $75,200,000 | | Federal Tax(24%) | $18,048,000 | | Additional Federal Tax | $9,736,330 | | State Tax(6%) | $4,512,000 | | Net Lumpsum Payment | $42,903,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,498,466 |
$884,763
$149,908 |
$1,463,795 |
| 2 |
$2,623,464 |
$931,012
$157,408 |
$1,535,044 |
| 3 |
$2,754,604 |
$979,534
$165,276 |
$1,609,794 |
| 4 |
$2,892,384 |
$1,030,512
$173,543 |
$1,688,329 |
| 5 |
$3,036,970 |
$1,084,009
$182,218 |
$1,770,743 |
| 6 |
$3,188,860 |
$1,140,209
$191,332 |
$1,857,319 |
| 7 |
$3,348,220 |
$1,199,172
$200,893 |
$1,948,155 |
| 8 |
$3,515,714 |
$1,261,145
$210,943 |
$2,043,626 |
| 9 |
$3,691,508 |
$1,326,188
$221,490 |
$2,143,830 |
| 10 |
$3,876,100 |
$1,394,487
$232,566 |
$2,249,047 |
| 11 |
$4,069,822 |
$1,466,165
$244,189 |
$2,359,468 |
| 12 |
$4,273,338 |
$1,541,465
$256,400 |
$2,475,473 |
| 13 |
$4,486,980 |
$1,620,513
$269,219 |
$2,597,248 |
| 14 |
$4,711,412 |
$1,703,553
$282,685 |
$2,725,174 |
| 15 |
$4,946,966 |
$1,790,708
$296,818 |
$2,859,440 |
| 16 |
$5,194,306 |
$1,882,224
$311,658 |
$3,000,424 |
| 17 |
$5,453,930 |
$1,978,284
$327,236 |
$3,148,410 |
| 18 |
$5,726,668 |
$2,079,198
$343,600 |
$3,303,870 |
| 19 |
$6,013,018 |
$2,185,147
$360,781 |
$3,467,090 |
| 20 |
$6,313,644 |
$2,296,379
$378,819 |
$3,638,446 |
| 21 |
$6,629,376 |
$2,413,200
$397,763 |
$3,818,413 |
| 22 |
$6,960,878 |
$2,535,855
$417,653 |
$4,007,370 |
| 23 |
$7,308,814 |
$2,664,592
$438,529 |
$4,205,693 |
| 24 |
$7,674,346 |
$2,799,838
$460,461 |
$4,414,047 |
| 25 |
$8,057,972 |
$2,941,780
$483,478 |
$4,632,714 |
| 26 |
$8,461,020 |
$3,090,908
$507,661 |
$4,862,451 |
| 27 |
$8,883,988 |
$3,247,406
$533,039 |
$5,103,543 |
| 28 |
$9,328,204 |
$3,411,766
$559,692 |
$5,356,746 |
| 29 |
$9,794,664 |
$3,584,356
$587,680 |
$5,622,628 |
| 30 |
$10,284,364 |
$3,765,545
$617,062 |
$5,901,757 |
|
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