The jackpot for the MEGA Millions draw on Fri Aug 29, 2025, is projected to be $277 Million, with an option for a cash payout of $124.6 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 Aug 29, 2025 |
|---|
| Draw Date | Fri Aug 29, 2025 | | Projected Jackpot | $277,000,000 | | Cash Value | $124,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $124,600,000 | | Federal Tax(24%) | $29,904,000 | | Additional Federal Tax | $16,158,330 | | State Tax(6%) | $7,476,000 | | Net Lumpsum Payment | $71,061,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,169,127 |
$1,502,907
$250,148 |
$2,416,072 |
| 2 |
$4,377,708 |
$1,580,082
$262,662 |
$2,534,964 |
| 3 |
$4,596,538 |
$1,661,049
$275,792 |
$2,659,697 |
| 4 |
$4,826,448 |
$1,746,116
$289,587 |
$2,790,745 |
| 5 |
$5,067,715 |
$1,835,385
$304,063 |
$2,928,267 |
| 6 |
$5,321,170 |
$1,929,163
$319,270 |
$3,072,737 |
| 7 |
$5,587,090 |
$2,027,554
$335,225 |
$3,224,311 |
| 8 |
$5,866,583 |
$2,130,966
$351,995 |
$3,383,622 |
| 9 |
$6,159,926 |
$2,239,503
$369,596 |
$3,550,827 |
| 10 |
$6,467,950 |
$2,353,472
$388,077 |
$3,726,401 |
| 11 |
$6,791,209 |
$2,473,078
$407,473 |
$3,910,658 |
| 12 |
$7,130,811 |
$2,598,730
$427,849 |
$4,104,232 |
| 13 |
$7,487,310 |
$2,730,635
$449,239 |
$4,307,436 |
| 14 |
$7,861,814 |
$2,869,202
$471,709 |
$4,520,903 |
| 15 |
$8,254,877 |
$3,014,635
$495,293 |
$4,744,949 |
| 16 |
$8,667,607 |
$3,167,345
$520,056 |
$4,980,206 |
| 17 |
$9,100,835 |
$3,327,639
$546,050 |
$5,227,146 |
| 18 |
$9,555,946 |
$3,496,030
$573,357 |
$5,486,559 |
| 19 |
$10,033,771 |
$3,672,826
$602,026 |
$5,758,919 |
| 20 |
$10,535,418 |
$3,858,435
$632,125 |
$6,044,858 |
| 21 |
$11,062,272 |
$4,053,371
$663,736 |
$6,345,165 |
| 22 |
$11,615,441 |
$4,258,044
$696,926 |
$6,660,471 |
| 23 |
$12,196,033 |
$4,472,863
$731,762 |
$6,991,408 |
| 24 |
$12,805,987 |
$4,698,546
$768,359 |
$7,339,082 |
| 25 |
$13,446,134 |
$4,935,400
$806,768 |
$7,703,966 |
| 26 |
$14,118,690 |
$5,184,246
$847,121 |
$8,087,323 |
| 27 |
$14,824,486 |
$5,445,390
$889,469 |
$8,489,627 |
| 28 |
$15,565,738 |
$5,719,653
$933,944 |
$8,912,141 |
| 29 |
$16,344,108 |
$6,007,650
$980,646 |
$9,355,812 |
| 30 |
$17,161,258 |
$6,309,996
$1,029,675 |
$9,821,587 |
|
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