The jackpot for the MEGA Millions draw on Fri Jul 24, 2026, is projected to be $743 Million, with an option for a cash payout of $323.4 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 Jul 24, 2026 |
|---|
| Draw Date | Fri Jul 24, 2026 | | Projected Jackpot | $743,000,000 | | Cash Value | $323,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $323,400,000 | | Federal Tax(24%) | $77,616,000 | | Additional Federal Tax | $42,002,330 | | State Tax(6%) | $19,404,000 | | Net Lumpsum Payment | $184,377,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,182,893 |
$4,098,001
$670,974 |
$6,413,918 |
| 2 |
$11,742,372 |
$4,305,008
$704,542 |
$6,732,822 |
| 3 |
$12,329,342 |
$4,522,187
$739,761 |
$7,067,394 |
| 4 |
$12,946,032 |
$4,750,362
$776,762 |
$7,418,908 |
| 5 |
$13,593,185 |
$4,989,809
$815,591 |
$7,787,785 |
| 6 |
$14,273,030 |
$5,241,351
$856,382 |
$8,175,297 |
| 7 |
$14,986,310 |
$5,505,265
$899,179 |
$8,581,866 |
| 8 |
$15,735,997 |
$5,782,649
$944,160 |
$9,009,188 |
| 9 |
$16,522,834 |
$6,073,779
$991,370 |
$9,457,685 |
| 10 |
$17,349,050 |
$6,379,479
$1,040,943 |
$9,928,628 |
| 11 |
$18,216,131 |
$6,700,299
$1,092,968 |
$10,422,864 |
| 12 |
$19,127,049 |
$7,037,339
$1,147,623 |
$10,942,087 |
| 13 |
$20,083,290 |
$7,391,148
$1,204,997 |
$11,487,145 |
| 14 |
$21,087,826 |
$7,762,826
$1,265,270 |
$12,059,730 |
| 15 |
$22,142,143 |
$8,152,923
$1,328,529 |
$12,660,691 |
| 16 |
$23,249,213 |
$8,562,539
$1,394,953 |
$13,291,721 |
| 17 |
$24,411,265 |
$8,992,498
$1,464,676 |
$13,954,091 |
| 18 |
$25,632,014 |
$9,444,176
$1,537,921 |
$14,649,917 |
| 19 |
$26,913,689 |
$9,918,395
$1,614,821 |
$15,380,473 |
| 20 |
$28,259,262 |
$10,416,257
$1,695,556 |
$16,147,449 |
| 21 |
$29,672,448 |
$10,939,136
$1,780,347 |
$16,952,965 |
| 22 |
$31,156,219 |
$11,488,131
$1,869,373 |
$17,798,715 |
| 23 |
$32,713,547 |
$12,064,343
$1,962,813 |
$18,686,391 |
| 24 |
$34,349,633 |
$12,669,695
$2,060,978 |
$19,618,960 |
| 25 |
$36,066,706 |
$13,305,012
$2,164,002 |
$20,597,692 |
| 26 |
$37,870,710 |
$13,972,493
$2,272,243 |
$21,625,974 |
| 27 |
$39,763,874 |
$14,672,964
$2,385,832 |
$22,705,078 |
| 28 |
$41,752,142 |
$15,408,623
$2,505,129 |
$23,838,390 |
| 29 |
$43,839,972 |
$16,181,120
$2,630,398 |
$25,028,454 |
| 30 |
$46,031,822 |
$16,992,105
$2,761,909 |
$26,277,808 |
|
|
