The jackpot for the MEGA Millions draw on Fri Nov 6, 2026, is projected to be $505 Million, with an option for a cash payout of $213.3 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 Nov 6, 2026 |
|---|
| Draw Date | Fri Nov 6, 2026 | | Projected Jackpot | $505,000,000 | | Cash Value | $213,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $213,300,000 | | Federal Tax(24%) | $51,192,000 | | Additional Federal Tax | $27,689,330 | | State Tax(6%) | $12,798,000 | | Net Lumpsum Payment | $121,620,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,600,755 |
$2,772,610
$456,045 |
$4,372,100 |
| 2 |
$7,981,020 |
$2,913,308
$478,861 |
$4,588,851 |
| 3 |
$8,379,970 |
$3,060,919
$502,798 |
$4,816,253 |
| 4 |
$8,799,120 |
$3,216,005
$527,947 |
$5,055,168 |
| 5 |
$9,238,975 |
$3,378,751
$554,339 |
$5,305,885 |
| 6 |
$9,701,050 |
$3,549,719
$582,063 |
$5,569,268 |
| 7 |
$10,185,850 |
$3,729,095
$611,151 |
$5,845,604 |
| 8 |
$10,695,395 |
$3,917,627
$641,724 |
$6,136,044 |
| 9 |
$11,230,190 |
$4,115,501
$673,811 |
$6,440,878 |
| 10 |
$11,791,750 |
$4,323,278
$707,505 |
$6,760,967 |
| 11 |
$12,381,085 |
$4,541,332
$742,865 |
$7,096,888 |
| 12 |
$13,000,215 |
$4,770,410
$780,013 |
$7,449,792 |
| 13 |
$13,650,150 |
$5,010,886
$819,009 |
$7,820,255 |
| 14 |
$14,332,910 |
$5,263,507
$859,975 |
$8,209,428 |
| 15 |
$15,049,505 |
$5,528,647
$902,970 |
$8,617,888 |
| 16 |
$15,801,955 |
$5,807,054
$948,117 |
$9,046,784 |
| 17 |
$16,591,775 |
$6,099,287
$995,507 |
$9,496,981 |
| 18 |
$17,421,490 |
$6,406,282
$1,045,289 |
$9,969,919 |
| 19 |
$18,292,615 |
$6,728,598
$1,097,557 |
$10,466,460 |
| 20 |
$19,207,170 |
$7,066,983
$1,152,430 |
$10,987,757 |
| 21 |
$20,167,680 |
$7,422,372
$1,210,061 |
$11,535,247 |
| 22 |
$21,176,165 |
$7,795,511
$1,270,570 |
$12,110,084 |
| 23 |
$22,234,645 |
$8,187,149
$1,334,079 |
$12,713,417 |
| 24 |
$23,346,655 |
$8,598,593
$1,400,799 |
$13,347,263 |
| 25 |
$24,513,710 |
$9,030,403
$1,470,823 |
$14,012,484 |
| 26 |
$25,739,850 |
$9,484,075
$1,544,391 |
$14,711,384 |
| 27 |
$27,026,590 |
$9,960,169
$1,621,595 |
$15,444,826 |
| 28 |
$28,377,970 |
$10,460,179
$1,702,678 |
$16,215,113 |
| 29 |
$29,797,020 |
$10,985,228
$1,787,821 |
$17,023,971 |
| 30 |
$31,286,770 |
$11,536,435
$1,877,206 |
$17,873,129 |
|
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