The jackpot for the MEGA Millions draw on Fri Apr 24, 2026, is projected to be $150 Million, with an option for a cash payout of $67.3 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 Fri Apr 24, 2026 |
|---|
| Draw Date | Fri Apr 24, 2026 | | Projected Jackpot | $150,000,000 | | Cash Value | $67,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $67,300,000 | | Federal Tax(24%) | $16,152,000 | | Additional Federal Tax | $8,709,330 | | State Tax(6%) | $4,038,000 | | Net Lumpsum Payment | $38,400,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,257,650 |
$795,661
$135,459 |
$1,326,530 |
| 2 |
$2,370,600 |
$837,452
$142,236 |
$1,390,912 |
| 3 |
$2,489,100 |
$881,297
$149,346 |
$1,458,457 |
| 4 |
$2,613,600 |
$927,362
$156,816 |
$1,529,422 |
| 5 |
$2,744,250 |
$975,703
$164,655 |
$1,603,892 |
| 6 |
$2,881,500 |
$1,026,485
$172,890 |
$1,682,125 |
| 7 |
$3,025,500 |
$1,079,765
$181,530 |
$1,764,205 |
| 8 |
$3,176,850 |
$1,135,765
$190,611 |
$1,850,474 |
| 9 |
$3,335,700 |
$1,194,539
$200,142 |
$1,941,019 |
| 10 |
$3,502,500 |
$1,256,255
$210,150 |
$2,036,095 |
| 11 |
$3,677,550 |
$1,321,024
$220,653 |
$2,135,873 |
| 12 |
$3,861,450 |
$1,389,067
$231,687 |
$2,240,696 |
| 13 |
$4,054,500 |
$1,460,495
$243,270 |
$2,350,735 |
| 14 |
$4,257,300 |
$1,535,531
$255,438 |
$2,466,331 |
| 15 |
$4,470,150 |
$1,614,286
$268,209 |
$2,587,655 |
| 16 |
$4,693,650 |
$1,696,981
$281,619 |
$2,715,050 |
| 17 |
$4,928,250 |
$1,783,783
$295,695 |
$2,848,772 |
| 18 |
$5,174,700 |
$1,874,969
$310,482 |
$2,989,249 |
| 19 |
$5,433,450 |
$1,970,707
$326,007 |
$3,136,736 |
| 20 |
$5,705,100 |
$2,071,217
$342,306 |
$3,291,577 |
| 21 |
$5,990,400 |
$2,176,778
$359,424 |
$3,454,198 |
| 22 |
$6,289,950 |
$2,287,612
$377,397 |
$3,624,941 |
| 23 |
$6,604,350 |
$2,403,940
$396,261 |
$3,804,149 |
| 24 |
$6,934,650 |
$2,526,151
$416,079 |
$3,992,420 |
| 25 |
$7,281,300 |
$2,654,411
$436,878 |
$4,190,011 |
| 26 |
$7,645,500 |
$2,789,165
$458,730 |
$4,397,605 |
| 27 |
$8,027,700 |
$2,930,579
$481,662 |
$4,615,459 |
| 28 |
$8,429,100 |
$3,079,097
$505,746 |
$4,844,257 |
| 29 |
$8,850,600 |
$3,235,052
$531,036 |
$5,084,512 |
| 30 |
$9,293,100 |
$3,398,777
$557,586 |
$5,336,737 |
|
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