The jackpot for the MEGA Millions draw on Tue Oct 21, 2025, is projected to be $650 Million, with an option for a cash payout of $304.1 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 Oct 21, 2025 |
|---|
| Draw Date | Tue Oct 21, 2025 | | Projected Jackpot | $650,000,000 | | Cash Value | $304,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $304,100,000 | | Federal Tax(24%) | $72,984,000 | | Additional Federal Tax | $39,493,330 | | State Tax(6%) | $18,246,000 | | Net Lumpsum Payment | $173,376,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,783,150 |
$3,580,096
$586,989 |
$5,616,065 |
| 2 |
$10,272,600 |
$3,761,192
$616,356 |
$5,895,052 |
| 3 |
$10,786,100 |
$3,951,187
$647,166 |
$6,187,747 |
| 4 |
$11,325,600 |
$4,150,802
$679,536 |
$6,495,262 |
| 5 |
$11,891,750 |
$4,360,278
$713,505 |
$6,817,967 |
| 6 |
$12,486,500 |
$4,580,335
$749,190 |
$7,156,975 |
| 7 |
$13,110,500 |
$4,811,215
$786,630 |
$7,512,655 |
| 8 |
$13,766,350 |
$5,053,880
$825,981 |
$7,886,489 |
| 9 |
$14,454,700 |
$5,308,569
$867,282 |
$8,278,849 |
| 10 |
$15,177,500 |
$5,576,005
$910,650 |
$8,690,845 |
| 11 |
$15,936,050 |
$5,856,669
$956,163 |
$9,123,218 |
| 12 |
$16,732,950 |
$6,151,522
$1,003,977 |
$9,577,451 |
| 13 |
$17,569,500 |
$6,461,045
$1,054,170 |
$10,054,285 |
| 14 |
$18,448,300 |
$6,786,201
$1,106,898 |
$10,555,201 |
| 15 |
$19,370,650 |
$7,127,471
$1,162,239 |
$11,080,940 |
| 16 |
$20,339,150 |
$7,485,816
$1,220,349 |
$11,632,985 |
| 17 |
$21,355,750 |
$7,861,958
$1,281,345 |
$12,212,447 |
| 18 |
$22,423,700 |
$8,257,099
$1,345,422 |
$12,821,179 |
| 19 |
$23,544,950 |
$8,671,962
$1,412,697 |
$13,460,291 |
| 20 |
$24,722,100 |
$9,107,507
$1,483,326 |
$14,131,267 |
| 21 |
$25,958,400 |
$9,564,938
$1,557,504 |
$14,835,958 |
| 22 |
$27,256,450 |
$10,045,217
$1,635,387 |
$15,575,846 |
| 23 |
$28,618,850 |
$10,549,305
$1,717,131 |
$16,352,414 |
| 24 |
$30,050,150 |
$11,078,886
$1,803,009 |
$17,168,255 |
| 25 |
$31,552,300 |
$11,634,681
$1,893,138 |
$18,024,481 |
| 26 |
$33,130,500 |
$12,218,615
$1,987,830 |
$18,924,055 |
| 27 |
$34,786,700 |
$12,831,409
$2,087,202 |
$19,868,089 |
| 28 |
$36,526,100 |
$13,474,987
$2,191,566 |
$20,859,547 |
| 29 |
$38,352,600 |
$14,150,792
$2,301,156 |
$21,900,652 |
| 30 |
$40,270,100 |
$14,860,267
$2,416,206 |
$22,993,627 |
|
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