The jackpot for the MEGA Millions draw on Fri Sep 19, 2025, is projected to be $423 Million, with an option for a cash payout of $196.5 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 Sep 19, 2025 |
|---|
| Draw Date | Fri Sep 19, 2025 | | Projected Jackpot | $423,000,000 | | Cash Value | $196,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $196,500,000 | | Federal Tax(24%) | $47,160,000 | | Additional Federal Tax | $25,505,330 | | State Tax(6%) | $11,790,000 | | Net Lumpsum Payment | $112,044,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,366,573 |
$2,315,962
$381,994 |
$3,668,617 |
| 2 |
$6,685,092 |
$2,433,814
$401,106 |
$3,850,172 |
| 3 |
$7,019,262 |
$2,557,457
$421,156 |
$4,040,649 |
| 4 |
$7,370,352 |
$2,687,361
$442,221 |
$4,240,770 |
| 5 |
$7,738,785 |
$2,823,681
$464,327 |
$4,450,777 |
| 6 |
$8,125,830 |
$2,966,887
$487,550 |
$4,671,393 |
| 7 |
$8,531,910 |
$3,117,137
$511,915 |
$4,902,858 |
| 8 |
$8,958,717 |
$3,275,056
$537,523 |
$5,146,138 |
| 9 |
$9,406,674 |
$3,440,800
$564,400 |
$5,401,474 |
| 10 |
$9,877,050 |
$3,614,839
$592,623 |
$5,669,588 |
| 11 |
$10,370,691 |
$3,797,486
$622,241 |
$5,950,964 |
| 12 |
$10,889,289 |
$3,989,367
$653,357 |
$6,246,565 |
| 13 |
$11,433,690 |
$4,190,796
$686,021 |
$6,556,873 |
| 14 |
$12,005,586 |
$4,402,397
$720,335 |
$6,882,854 |
| 15 |
$12,605,823 |
$4,624,485
$756,349 |
$7,224,989 |
| 16 |
$13,236,093 |
$4,857,685
$794,166 |
$7,584,242 |
| 17 |
$13,897,665 |
$5,102,466
$833,860 |
$7,961,339 |
| 18 |
$14,592,654 |
$5,359,612
$875,559 |
$8,357,483 |
| 19 |
$15,322,329 |
$5,629,592
$919,340 |
$8,773,397 |
| 20 |
$16,088,382 |
$5,913,032
$965,303 |
$9,210,047 |
| 21 |
$16,892,928 |
$6,210,714
$1,013,576 |
$9,668,638 |
| 22 |
$17,737,659 |
$6,523,264
$1,064,260 |
$10,150,135 |
| 23 |
$18,624,267 |
$6,851,309
$1,117,456 |
$10,655,502 |
| 24 |
$19,555,713 |
$7,195,944
$1,173,343 |
$11,186,426 |
| 25 |
$20,533,266 |
$7,557,639
$1,231,996 |
$11,743,631 |
| 26 |
$21,560,310 |
$7,937,645
$1,293,619 |
$12,329,046 |
| 27 |
$22,638,114 |
$8,336,433
$1,358,287 |
$12,943,394 |
| 28 |
$23,770,062 |
$8,755,253
$1,426,204 |
$13,588,605 |
| 29 |
$24,958,692 |
$9,195,046
$1,497,522 |
$14,266,124 |
| 30 |
$26,206,542 |
$9,656,751
$1,572,393 |
$14,977,398 |
|
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