The jackpot for the MEGA Millions draw on Tue Mar 4, 2025, is projected to be $215 Million, with an option for a cash payout of $100.9 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 Mar 4, 2025 |
|---|
| Draw Date | Tue Mar 4, 2025 | | Projected Jackpot | $215,000,000 | | Cash Value | $100,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $100,900,000 | | Federal Tax(24%) | $24,216,000 | | Additional Federal Tax | $13,077,330 | | State Tax(6%) | $6,054,000 | | Net Lumpsum Payment | $57,552,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,235,965 |
$1,157,637
$194,158 |
$1,884,170 |
| 2 |
$3,397,860 |
$1,217,539
$203,872 |
$1,976,449 |
| 3 |
$3,567,710 |
$1,280,383
$214,063 |
$2,073,264 |
| 4 |
$3,746,160 |
$1,346,410
$224,770 |
$2,174,980 |
| 5 |
$3,933,425 |
$1,415,698
$236,006 |
$2,281,721 |
| 6 |
$4,130,150 |
$1,488,486
$247,809 |
$2,393,855 |
| 7 |
$4,336,550 |
$1,564,854
$260,193 |
$2,511,503 |
| 8 |
$4,553,485 |
$1,645,120
$273,209 |
$2,635,156 |
| 9 |
$4,781,170 |
$1,729,363
$286,870 |
$2,764,937 |
| 10 |
$5,020,250 |
$1,817,823
$301,215 |
$2,901,212 |
| 11 |
$5,271,155 |
$1,910,658
$316,269 |
$3,044,228 |
| 12 |
$5,534,745 |
$2,008,186
$332,085 |
$3,194,474 |
| 13 |
$5,811,450 |
$2,110,567
$348,687 |
$3,352,196 |
| 14 |
$6,102,130 |
$2,218,118
$366,128 |
$3,517,884 |
| 15 |
$6,407,215 |
$2,331,000
$384,433 |
$3,691,782 |
| 16 |
$6,727,565 |
$2,449,529
$403,654 |
$3,874,382 |
| 17 |
$7,063,825 |
$2,573,946
$423,830 |
$4,066,049 |
| 18 |
$7,417,070 |
$2,704,646
$445,024 |
$4,267,400 |
| 19 |
$7,787,945 |
$2,841,870
$467,277 |
$4,478,798 |
| 20 |
$8,177,310 |
$2,985,935
$490,639 |
$4,700,736 |
| 21 |
$8,586,240 |
$3,137,239
$515,174 |
$4,933,827 |
| 22 |
$9,015,595 |
$3,296,101
$540,936 |
$5,178,558 |
| 23 |
$9,466,235 |
$3,462,837
$567,974 |
$5,435,424 |
| 24 |
$9,939,665 |
$3,638,006
$596,380 |
$5,705,279 |
| 25 |
$10,436,530 |
$3,821,846
$626,192 |
$5,988,492 |
| 26 |
$10,958,550 |
$4,014,994
$657,513 |
$6,286,043 |
| 27 |
$11,506,370 |
$4,217,687
$690,382 |
$6,598,301 |
| 28 |
$12,081,710 |
$4,430,563
$724,903 |
$6,926,244 |
| 29 |
$12,685,860 |
$4,654,099
$761,152 |
$7,270,609 |
| 30 |
$13,320,110 |
$4,888,771
$799,207 |
$7,632,132 |
|
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