Jackpot Analysis Vermont Mega Millions

Jackpot Analysis for Vermont Mega Millions
The jackpot for the MEGA Millions draw on Tue Apr 1, 2025, is projected to be $29 Million, with an option for a cash payout of $13.3 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 Apr 1, 2025
Draw DateTue Apr 1, 2025
Projected Jackpot$29,000,000
Cash Value$13,300,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$13,300,000
Federal Tax(24%)$3,192,000
Additional Federal Tax$1,689,330
State Tax(6%)$798,000
Net Lumpsum Payment$7,620,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $436,479 $121,828
$26,189
$288,462
2 $458,316 $129,907
$27,499
$300,910
3 $481,226 $138,384
$28,874
$313,968
4 $505,296 $147,290
$30,318
$327,688
5 $530,555 $156,636
$31,833
$342,086
6 $557,090 $166,454
$33,425
$357,211
7 $584,930 $176,754
$35,096
$373,080
8 $614,191 $187,581
$36,851
$389,759
9 $644,902 $198,944
$38,694
$407,264
10 $677,150 $210,876
$40,629
$425,645
11 $710,993 $223,398
$42,660
$444,935
12 $746,547 $236,553
$44,793
$465,201
13 $783,870 $250,362
$47,032
$486,476
14 $823,078 $264,869
$49,385
$508,824
15 $864,229 $280,095
$51,854
$532,280
16 $907,439 $296,083
$54,446
$556,910
17 $952,795 $312,865
$57,168
$582,762
18 $1,000,442 $330,494
$60,027
$609,921
19 $1,050,467 $349,003
$63,028
$638,436
20 $1,102,986 $368,435
$66,179
$668,372
21 $1,158,144 $388,844
$69,489
$699,811
22 $1,216,057 $410,271
$72,963
$732,823
23 $1,276,841 $432,762
$76,610
$767,469
24 $1,340,699 $456,389
$80,442
$803,868
25 $1,407,718 $481,186
$84,463
$842,069
26 $1,478,130 $507,238
$88,688
$882,204
27 $1,552,022 $534,579
$93,121
$924,322
28 $1,629,626 $563,292
$97,778
$968,556
29 $1,711,116 $593,443
$102,667
$1,015,006
30 $1,796,666 $625,097
$107,800
$1,063,769