The jackpot for the MEGA Millions draw on Tue Sep 22, 2026, is projected to be $261 Million, with an option for a cash payout of $110.5 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 Sep 22, 2026 |
|---|
| Draw Date | Tue Sep 22, 2026 | | Projected Jackpot | $261,000,000 | | Cash Value | $110,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $110,500,000 | | Federal Tax(24%) | $26,520,000 | | Additional Federal Tax | $14,325,330 | | State Tax(6%) | $6,630,000 | | Net Lumpsum Payment | $63,024,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,928,311 |
$1,413,805
$235,699 |
$2,278,807 |
| 2 |
$4,124,844 |
$1,486,523
$247,491 |
$2,390,830 |
| 3 |
$4,331,034 |
$1,562,813
$259,862 |
$2,508,359 |
| 4 |
$4,547,664 |
$1,642,966
$272,860 |
$2,631,838 |
| 5 |
$4,774,995 |
$1,727,079
$286,500 |
$2,761,416 |
| 6 |
$5,013,810 |
$1,815,440
$300,829 |
$2,897,541 |
| 7 |
$5,264,370 |
$1,908,147
$315,862 |
$3,040,361 |
| 8 |
$5,527,719 |
$2,005,586
$331,663 |
$3,190,470 |
| 9 |
$5,804,118 |
$2,107,854
$348,247 |
$3,348,017 |
| 10 |
$6,094,350 |
$2,215,240
$365,661 |
$3,513,449 |
| 11 |
$6,398,937 |
$2,327,937
$383,936 |
$3,687,064 |
| 12 |
$6,718,923 |
$2,446,332
$403,135 |
$3,869,456 |
| 13 |
$7,054,830 |
$2,570,617
$423,290 |
$4,060,923 |
| 14 |
$7,407,702 |
$2,701,180
$444,462 |
$4,262,060 |
| 15 |
$7,778,061 |
$2,838,213
$466,684 |
$4,473,164 |
| 16 |
$8,166,951 |
$2,982,102
$490,017 |
$4,694,832 |
| 17 |
$8,575,155 |
$3,133,138
$514,509 |
$4,927,508 |
| 18 |
$9,003,978 |
$3,291,802
$540,239 |
$5,171,937 |
| 19 |
$9,454,203 |
$3,458,385
$567,252 |
$5,428,566 |
| 20 |
$9,926,874 |
$3,633,274
$595,612 |
$5,697,988 |
| 21 |
$10,423,296 |
$3,816,950
$625,398 |
$5,980,948 |
| 22 |
$10,944,513 |
$4,009,800
$656,671 |
$6,278,042 |
| 23 |
$11,491,569 |
$4,212,211
$689,494 |
$6,589,864 |
| 24 |
$12,066,291 |
$4,424,858
$723,977 |
$6,917,456 |
| 25 |
$12,669,462 |
$4,648,031
$760,168 |
$7,261,263 |
| 26 |
$13,303,170 |
$4,882,503
$798,190 |
$7,622,477 |
| 27 |
$13,968,198 |
$5,128,564
$838,092 |
$8,001,542 |
| 28 |
$14,666,634 |
$5,386,985
$879,998 |
$8,399,651 |
| 29 |
$15,400,044 |
$5,658,347
$924,003 |
$8,817,694 |
| 30 |
$16,169,994 |
$5,943,228
$970,200 |
$9,256,566 |
|
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