The jackpot for the MEGA Millions draw on Tue Oct 7, 2025, is projected to be $547 Million, with an option for a cash payout of $251.7 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 7, 2025 |
|---|
| Draw Date | Tue Oct 7, 2025 | | Projected Jackpot | $547,000,000 | | Cash Value | $251,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $251,700,000 | | Federal Tax(24%) | $60,408,000 | | Additional Federal Tax | $32,681,330 | | State Tax(6%) | $15,102,000 | | Net Lumpsum Payment | $143,508,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,232,897 |
$3,006,502
$493,974 |
$4,732,421 |
| 2 |
$8,644,788 |
$3,158,902
$518,687 |
$4,967,199 |
| 3 |
$9,076,918 |
$3,318,790
$544,615 |
$5,213,513 |
| 4 |
$9,530,928 |
$3,486,774
$571,856 |
$5,472,298 |
| 5 |
$10,007,365 |
$3,663,055
$600,442 |
$5,743,868 |
| 6 |
$10,507,870 |
$3,848,242
$630,472 |
$6,029,156 |
| 7 |
$11,032,990 |
$4,042,537
$661,979 |
$6,328,474 |
| 8 |
$11,584,913 |
$4,246,748
$695,095 |
$6,643,070 |
| 9 |
$12,164,186 |
$4,461,079
$729,851 |
$6,973,256 |
| 10 |
$12,772,450 |
$4,686,137
$766,347 |
$7,319,966 |
| 11 |
$13,410,799 |
$4,922,326
$804,648 |
$7,683,825 |
| 12 |
$14,081,421 |
$5,170,456
$844,885 |
$8,066,080 |
| 13 |
$14,785,410 |
$5,430,932
$887,125 |
$8,467,353 |
| 14 |
$15,524,954 |
$5,704,563
$931,497 |
$8,888,894 |
| 15 |
$16,301,147 |
$5,991,755
$978,069 |
$9,331,323 |
| 16 |
$17,116,177 |
$6,293,316
$1,026,971 |
$9,795,890 |
| 17 |
$17,971,685 |
$6,609,854
$1,078,301 |
$10,283,530 |
| 18 |
$18,870,406 |
$6,942,381
$1,132,224 |
$10,795,801 |
| 19 |
$19,813,981 |
$7,291,503
$1,188,839 |
$11,333,639 |
| 20 |
$20,804,598 |
$7,658,032
$1,248,276 |
$11,898,290 |
| 21 |
$21,844,992 |
$8,042,977
$1,310,700 |
$12,491,315 |
| 22 |
$22,937,351 |
$8,447,150
$1,376,241 |
$13,113,960 |
| 23 |
$24,083,863 |
$8,871,360
$1,445,032 |
$13,767,471 |
| 24 |
$25,288,357 |
$9,317,022
$1,517,301 |
$14,454,034 |
| 25 |
$26,552,474 |
$9,784,746
$1,593,148 |
$15,174,580 |
| 26 |
$27,880,590 |
$10,276,149
$1,672,835 |
$15,931,606 |
| 27 |
$29,274,346 |
$10,791,838
$1,756,461 |
$16,726,047 |
| 28 |
$30,738,118 |
$11,333,434
$1,844,287 |
$17,560,397 |
| 29 |
$32,275,188 |
$11,902,150
$1,936,511 |
$18,436,527 |
| 30 |
$33,888,838 |
$12,499,200
$2,033,330 |
$19,356,308 |
|
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