The jackpot for the MEGA Millions draw on Fri Jun 27, 2025, is projected to be $348 Million, with an option for a cash payout of $155.5 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 27, 2025 |
|---|
| Draw Date | Fri Jun 27, 2025 | | Projected Jackpot | $348,000,000 | | Cash Value | $155,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $155,500,000 | | Federal Tax(24%) | $37,320,000 | | Additional Federal Tax | $20,175,330 | | State Tax(6%) | $9,330,000 | | Net Lumpsum Payment | $88,674,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,237,748 |
$1,898,297
$314,265 |
$3,025,186 |
| 2 |
$5,499,792 |
$1,995,253
$329,988 |
$3,174,551 |
| 3 |
$5,774,712 |
$2,096,974
$346,483 |
$3,331,255 |
| 4 |
$6,063,552 |
$2,203,845
$363,813 |
$3,495,894 |
| 5 |
$6,366,660 |
$2,315,995
$382,000 |
$3,668,665 |
| 6 |
$6,685,080 |
$2,433,810
$401,105 |
$3,850,165 |
| 7 |
$7,019,160 |
$2,557,420
$421,150 |
$4,040,590 |
| 8 |
$7,370,292 |
$2,687,338
$442,218 |
$4,240,736 |
| 9 |
$7,738,824 |
$2,823,695
$464,329 |
$4,450,800 |
| 10 |
$8,125,800 |
$2,966,876
$487,548 |
$4,671,376 |
| 11 |
$8,531,916 |
$3,117,139
$511,915 |
$4,902,862 |
| 12 |
$8,958,564 |
$3,274,999
$537,514 |
$5,146,051 |
| 13 |
$9,406,440 |
$3,440,713
$564,386 |
$5,401,341 |
| 14 |
$9,876,936 |
$3,614,797
$592,616 |
$5,669,523 |
| 15 |
$10,370,748 |
$3,797,507
$622,245 |
$5,950,996 |
| 16 |
$10,889,268 |
$3,989,360
$653,356 |
$6,246,552 |
| 17 |
$11,433,540 |
$4,190,740
$686,012 |
$6,556,788 |
| 18 |
$12,005,304 |
$4,402,293
$720,318 |
$6,882,693 |
| 19 |
$12,605,604 |
$4,624,404
$756,336 |
$7,224,864 |
| 20 |
$13,235,832 |
$4,857,588
$794,150 |
$7,584,094 |
| 21 |
$13,897,728 |
$5,102,490
$833,864 |
$7,961,374 |
| 22 |
$14,592,684 |
$5,359,623
$875,561 |
$8,357,500 |
| 23 |
$15,322,092 |
$5,629,504
$919,326 |
$8,773,262 |
| 24 |
$16,088,388 |
$5,913,034
$965,303 |
$9,210,051 |
| 25 |
$16,892,616 |
$6,210,598
$1,013,557 |
$9,668,461 |
| 26 |
$17,737,560 |
$6,523,228
$1,064,254 |
$10,150,078 |
| 27 |
$18,624,264 |
$6,851,308
$1,117,456 |
$10,655,500 |
| 28 |
$19,555,512 |
$7,195,870
$1,173,331 |
$11,186,311 |
| 29 |
$20,533,392 |
$7,557,685
$1,232,004 |
$11,743,703 |
| 30 |
$21,559,992 |
$7,937,527
$1,293,600 |
$12,328,865 |
|
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