The jackpot for the MEGA Millions draw on Fri Jun 6, 2025, is projected to be $223 Million, with an option for a cash payout of $99.4 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 6, 2025 |
|---|
| Draw Date | Fri Jun 6, 2025 | | Projected Jackpot | $223,000,000 | | Cash Value | $99,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $99,400,000 | | Federal Tax(24%) | $23,856,000 | | Additional Federal Tax | $12,882,330 | | State Tax(6%) | $5,964,000 | | Net Lumpsum Payment | $56,697,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,356,373 |
$1,202,188
$201,382 |
$1,952,803 |
| 2 |
$3,524,292 |
$1,264,318
$211,458 |
$2,048,516 |
| 3 |
$3,700,462 |
$1,329,501
$222,028 |
$2,148,933 |
| 4 |
$3,885,552 |
$1,397,985
$233,133 |
$2,254,434 |
| 5 |
$4,079,785 |
$1,469,851
$244,787 |
$2,365,147 |
| 6 |
$4,283,830 |
$1,545,347
$257,030 |
$2,481,453 |
| 7 |
$4,497,910 |
$1,624,557
$269,875 |
$2,603,478 |
| 8 |
$4,722,917 |
$1,707,810
$283,375 |
$2,731,732 |
| 9 |
$4,959,074 |
$1,795,188
$297,544 |
$2,866,342 |
| 10 |
$5,207,050 |
$1,886,939
$312,423 |
$3,007,688 |
| 11 |
$5,467,291 |
$1,983,228
$328,037 |
$3,156,026 |
| 12 |
$5,740,689 |
$2,084,385
$344,441 |
$3,311,863 |
| 13 |
$6,027,690 |
$2,190,576
$361,661 |
$3,475,453 |
| 14 |
$6,329,186 |
$2,302,129
$379,751 |
$3,647,306 |
| 15 |
$6,645,623 |
$2,419,211
$398,737 |
$3,827,675 |
| 16 |
$6,977,893 |
$2,542,151
$418,674 |
$4,017,068 |
| 17 |
$7,326,665 |
$2,671,196
$439,600 |
$4,215,869 |
| 18 |
$7,693,054 |
$2,806,760
$461,583 |
$4,424,711 |
| 19 |
$8,077,729 |
$2,949,090
$484,664 |
$4,643,975 |
| 20 |
$8,481,582 |
$3,098,516
$508,895 |
$4,874,171 |
| 21 |
$8,905,728 |
$3,255,450
$534,344 |
$5,115,934 |
| 22 |
$9,351,059 |
$3,420,222
$561,064 |
$5,369,773 |
| 23 |
$9,818,467 |
$3,593,163
$589,108 |
$5,636,196 |
| 24 |
$10,309,513 |
$3,774,850
$618,571 |
$5,916,092 |
| 25 |
$10,824,866 |
$3,965,531
$649,492 |
$6,209,843 |
| 26 |
$11,366,310 |
$4,165,865
$681,979 |
$6,518,466 |
| 27 |
$11,934,514 |
$4,376,101
$716,071 |
$6,842,342 |
| 28 |
$12,531,262 |
$4,596,897
$751,876 |
$7,182,489 |
| 29 |
$13,157,892 |
$4,828,750
$789,474 |
$7,539,668 |
| 30 |
$13,815,742 |
$5,072,155
$828,945 |
$7,914,642 |
|
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