Jackpot Analysis Vermont Mega Millions

Jackpot Analysis for Vermont Mega Millions
The jackpot for the MEGA Millions draw on Tue Apr 29, 2025, is projected to be $70 Million, with an option for a cash payout of $31.8 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 29, 2025
Draw DateTue Apr 29, 2025
Projected Jackpot$70,000,000
Cash Value$31,800,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$31,800,000
Federal Tax(24%)$7,632,000
Additional Federal Tax$4,094,330
State Tax(6%)$1,908,000
Net Lumpsum Payment$18,165,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $1,053,570 $350,151
$63,214
$640,205
2 $1,106,280 $369,654
$66,377
$670,249
3 $1,161,580 $390,115
$69,695
$701,770
4 $1,219,680 $411,612
$73,181
$734,887
5 $1,280,650 $434,171
$76,839
$769,640
6 $1,344,700 $457,869
$80,682
$806,149
7 $1,411,900 $482,733
$84,714
$844,453
8 $1,482,530 $508,866
$88,952
$884,712
9 $1,556,660 $536,295
$93,400
$926,965
10 $1,634,500 $565,095
$98,070
$971,335
11 $1,716,190 $595,321
$102,971
$1,017,898
12 $1,802,010 $627,074
$108,121
$1,066,815
13 $1,892,100 $660,407
$113,526
$1,118,167
14 $1,986,740 $695,424
$119,204
$1,172,112
15 $2,086,070 $732,176
$125,164
$1,228,730
16 $2,190,370 $770,767
$131,422
$1,288,181
17 $2,299,850 $811,275
$137,991
$1,350,584
18 $2,414,860 $853,829
$144,892
$1,416,139
19 $2,535,610 $898,506
$152,137
$1,484,967
20 $2,662,380 $945,411
$159,743
$1,557,226
21 $2,795,520 $994,673
$167,731
$1,633,116
22 $2,935,310 $1,046,395
$176,119
$1,712,796
23 $3,082,030 $1,100,681
$184,922
$1,796,427
24 $3,236,170 $1,157,713
$194,170
$1,884,287
25 $3,397,940 $1,217,568
$203,876
$1,976,496
26 $3,567,900 $1,280,453
$214,074
$2,073,373
27 $3,746,260 $1,346,447
$224,776
$2,175,037
28 $3,933,580 $1,415,755
$236,015
$2,281,810
29 $4,130,280 $1,488,534
$247,817
$2,393,929
30 $4,336,780 $1,564,939
$260,207
$2,511,634