Jackpot Analysis Vermont Mega Millions

Jackpot Analysis for Vermont Mega Millions
The jackpot for the MEGA Millions draw on Fri Apr 4, 2025, is projected to be $43 Million, with an option for a cash payout of $20 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 4, 2025
Draw DateFri Apr 4, 2025
Projected Jackpot$43,000,000
Cash Value$20,000,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$20,000,000
Federal Tax(24%)$4,800,000
Additional Federal Tax$2,560,330
State Tax(6%)$1,200,000
Net Lumpsum Payment$11,439,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $647,193 $199,792
$38,832
$408,569
2 $679,572 $211,772
$40,774
$427,026
3 $713,542 $224,341
$42,813
$446,388
4 $749,232 $237,546
$44,954
$466,732
5 $786,685 $251,404
$47,201
$488,080
6 $826,030 $265,961
$49,562
$510,507
7 $867,310 $281,235
$52,039
$534,036
8 $910,697 $297,288
$54,642
$558,767
9 $956,234 $314,137
$57,374
$584,723
10 $1,004,050 $331,829
$60,243
$611,978
11 $1,054,231 $350,396
$63,254
$640,581
12 $1,106,949 $369,902
$66,417
$670,630
13 $1,162,290 $390,378
$69,737
$702,175
14 $1,220,426 $411,888
$73,226
$735,312
15 $1,281,443 $434,464
$76,887
$770,092
16 $1,345,513 $458,170
$80,731
$806,612
17 $1,412,765 $483,053
$84,766
$844,946
18 $1,483,414 $509,194
$89,005
$885,215
19 $1,557,589 $536,638
$93,455
$927,496
20 $1,635,462 $565,451
$98,128
$971,883
21 $1,717,248 $595,712
$103,035
$1,018,501
22 $1,803,119 $627,484
$108,187
$1,067,448
23 $1,893,247 $660,832
$113,595
$1,118,820
24 $1,987,933 $695,866
$119,276
$1,172,791
25 $2,087,306 $732,634
$125,238
$1,229,434
26 $2,191,710 $771,263
$131,503
$1,288,944
27 $2,301,274 $811,802
$138,076
$1,351,396
28 $2,416,342 $854,377
$144,981
$1,416,984
29 $2,537,172 $899,084
$152,230
$1,485,858
30 $2,664,022 $946,019
$159,841
$1,558,162