The jackpot for the MEGA Millions draw on Fri Jun 5, 2026, is projected to be $368 Million, with an option for a cash payout of $163.6 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 Jun 5, 2026 |
|---|
| Draw Date | Fri Jun 5, 2026 | | Projected Jackpot | $368,000,000 | | Cash Value | $163,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $163,600,000 | | Federal Tax(24%) | $39,264,000 | | Additional Federal Tax | $21,228,330 | | State Tax(6%) | $9,816,000 | | Net Lumpsum Payment | $93,291,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,538,768 |
$2,009,675
$332,326 |
$3,196,767 |
| 2 |
$5,815,872 |
$2,112,203
$348,952 |
$3,354,717 |
| 3 |
$6,106,592 |
$2,219,769
$366,396 |
$3,520,427 |
| 4 |
$6,412,032 |
$2,332,782
$384,722 |
$3,694,528 |
| 5 |
$6,732,560 |
$2,451,378
$403,954 |
$3,877,228 |
| 6 |
$7,069,280 |
$2,575,964
$424,157 |
$4,069,159 |
| 7 |
$7,422,560 |
$2,706,678
$445,354 |
$4,270,528 |
| 8 |
$7,793,872 |
$2,844,063
$467,632 |
$4,482,177 |
| 9 |
$8,183,584 |
$2,988,256
$491,015 |
$4,704,313 |
| 10 |
$8,592,800 |
$3,139,666
$515,568 |
$4,937,566 |
| 11 |
$9,022,256 |
$3,298,565
$541,335 |
$5,182,356 |
| 12 |
$9,473,424 |
$3,465,497
$568,405 |
$5,439,522 |
| 13 |
$9,947,040 |
$3,640,735
$596,822 |
$5,709,483 |
| 14 |
$10,444,576 |
$3,824,824
$626,675 |
$5,993,077 |
| 15 |
$10,966,768 |
$4,018,035
$658,006 |
$6,290,727 |
| 16 |
$11,515,088 |
$4,220,913
$690,905 |
$6,603,270 |
| 17 |
$12,090,640 |
$4,433,867
$725,438 |
$6,931,335 |
| 18 |
$12,695,264 |
$4,657,578
$761,716 |
$7,275,970 |
| 19 |
$13,330,064 |
$4,892,454
$799,804 |
$7,637,806 |
| 20 |
$13,996,512 |
$5,139,040
$839,791 |
$8,017,681 |
| 21 |
$14,696,448 |
$5,398,016
$881,787 |
$8,416,645 |
| 22 |
$15,431,344 |
$5,669,928
$925,881 |
$8,835,535 |
| 23 |
$16,202,672 |
$5,955,319
$972,160 |
$9,275,193 |
| 24 |
$17,013,008 |
$6,255,143
$1,020,780 |
$9,737,085 |
| 25 |
$17,863,456 |
$6,569,809
$1,071,807 |
$10,221,840 |
| 26 |
$18,756,960 |
$6,900,406
$1,125,418 |
$10,731,136 |
| 27 |
$19,694,624 |
$7,247,341
$1,181,677 |
$11,265,606 |
| 28 |
$20,679,392 |
$7,611,705
$1,240,764 |
$11,826,923 |
| 29 |
$21,713,472 |
$7,994,315
$1,302,808 |
$12,416,349 |
| 30 |
$22,799,072 |
$8,395,987
$1,367,944 |
$13,035,141 |
|
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