The jackpot for the MEGA Millions draw on Fri May 15, 2026, is projected to be $251 Million, with an option for a cash payout of $112.3 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 May 15, 2026 |
|---|
| Draw Date | Fri May 15, 2026 | | Projected Jackpot | $251,000,000 | | Cash Value | $112,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $112,300,000 | | Federal Tax(24%) | $26,952,000 | | Additional Federal Tax | $14,559,330 | | State Tax(6%) | $6,738,000 | | Net Lumpsum Payment | $64,050,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,777,801 |
$1,358,117
$226,668 |
$2,193,016 |
| 2 |
$3,966,804 |
$1,428,048
$238,008 |
$2,300,748 |
| 3 |
$4,165,094 |
$1,501,415
$249,906 |
$2,413,773 |
| 4 |
$4,373,424 |
$1,578,497
$262,405 |
$2,532,522 |
| 5 |
$4,592,045 |
$1,659,387
$275,523 |
$2,657,135 |
| 6 |
$4,821,710 |
$1,744,363
$289,303 |
$2,788,044 |
| 7 |
$5,062,670 |
$1,833,518
$303,760 |
$2,925,392 |
| 8 |
$5,315,929 |
$1,927,224
$318,956 |
$3,069,749 |
| 9 |
$5,581,738 |
$2,025,573
$334,904 |
$3,221,261 |
| 10 |
$5,860,850 |
$2,128,845
$351,651 |
$3,380,354 |
| 11 |
$6,153,767 |
$2,237,224
$369,226 |
$3,547,317 |
| 12 |
$6,461,493 |
$2,351,083
$387,690 |
$3,722,720 |
| 13 |
$6,784,530 |
$2,470,606
$407,072 |
$3,906,852 |
| 14 |
$7,123,882 |
$2,596,167
$427,433 |
$4,100,282 |
| 15 |
$7,480,051 |
$2,727,949
$448,803 |
$4,303,299 |
| 16 |
$7,854,041 |
$2,866,326
$471,242 |
$4,516,473 |
| 17 |
$8,246,605 |
$3,011,574
$494,796 |
$4,740,235 |
| 18 |
$8,658,998 |
$3,164,160
$519,540 |
$4,975,298 |
| 19 |
$9,091,973 |
$3,324,360
$545,518 |
$5,222,095 |
| 20 |
$9,546,534 |
$3,492,548
$572,792 |
$5,481,194 |
| 21 |
$10,023,936 |
$3,669,187
$601,436 |
$5,753,313 |
| 22 |
$10,525,183 |
$3,854,648
$631,511 |
$6,039,024 |
| 23 |
$11,051,279 |
$4,049,304
$663,077 |
$6,338,898 |
| 24 |
$11,603,981 |
$4,253,803
$696,239 |
$6,653,939 |
| 25 |
$12,184,042 |
$4,468,426
$731,043 |
$6,984,573 |
| 26 |
$12,793,470 |
$4,693,914
$767,608 |
$7,331,948 |
| 27 |
$13,433,018 |
$4,930,547
$805,981 |
$7,696,490 |
| 28 |
$14,104,694 |
$5,179,067
$846,282 |
$8,079,345 |
| 29 |
$14,810,004 |
$5,440,032
$888,600 |
$8,481,372 |
| 30 |
$15,550,454 |
$5,713,998
$933,027 |
$8,903,429 |
|
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