The jackpot for the MEGA Millions draw on Tue Jun 24, 2025, is projected to be $326 Million, with an option for a cash payout of $145.7 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 Jun 24, 2025 |
|---|
| Draw Date | Tue Jun 24, 2025 | | Projected Jackpot | $326,000,000 | | Cash Value | $145,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $145,700,000 | | Federal Tax(24%) | $34,968,000 | | Additional Federal Tax | $18,901,330 | | State Tax(6%) | $8,742,000 | | Net Lumpsum Payment | $83,088,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,906,626 |
$1,775,782
$294,398 |
$2,836,446 |
| 2 |
$5,152,104 |
$1,866,609
$309,126 |
$2,976,369 |
| 3 |
$5,409,644 |
$1,961,899
$324,579 |
$3,123,166 |
| 4 |
$5,680,224 |
$2,062,013
$340,813 |
$3,277,398 |
| 5 |
$5,964,170 |
$2,167,073
$357,850 |
$3,439,247 |
| 6 |
$6,262,460 |
$2,277,441
$375,748 |
$3,609,271 |
| 7 |
$6,575,420 |
$2,393,236
$394,525 |
$3,787,659 |
| 8 |
$6,904,354 |
$2,514,941
$414,261 |
$3,975,152 |
| 9 |
$7,249,588 |
$2,642,678
$434,975 |
$4,171,935 |
| 10 |
$7,612,100 |
$2,776,807
$456,726 |
$4,378,567 |
| 11 |
$7,992,542 |
$2,917,571
$479,553 |
$4,595,418 |
| 12 |
$8,392,218 |
$3,065,451
$503,533 |
$4,823,234 |
| 13 |
$8,811,780 |
$3,220,689
$528,707 |
$5,062,384 |
| 14 |
$9,252,532 |
$3,383,767
$555,152 |
$5,313,613 |
| 15 |
$9,715,126 |
$3,554,927
$582,908 |
$5,577,291 |
| 16 |
$10,200,866 |
$3,734,651
$612,052 |
$5,854,163 |
| 17 |
$10,710,730 |
$3,923,300
$642,644 |
$6,144,786 |
| 18 |
$11,246,348 |
$4,121,479
$674,781 |
$6,450,088 |
| 19 |
$11,808,698 |
$4,329,549
$708,522 |
$6,770,627 |
| 20 |
$12,399,084 |
$4,547,991
$743,945 |
$7,107,148 |
| 21 |
$13,019,136 |
$4,777,411
$781,148 |
$7,460,577 |
| 22 |
$13,670,158 |
$5,018,289
$820,209 |
$7,831,660 |
| 23 |
$14,353,454 |
$5,271,108
$861,207 |
$8,221,139 |
| 24 |
$15,071,306 |
$5,536,714
$904,278 |
$8,630,314 |
| 25 |
$15,824,692 |
$5,815,466
$949,482 |
$9,059,744 |
| 26 |
$16,616,220 |
$6,108,332
$996,973 |
$9,510,915 |
| 27 |
$17,446,868 |
$6,415,672
$1,046,812 |
$9,984,384 |
| 28 |
$18,319,244 |
$6,738,451
$1,099,155 |
$10,481,638 |
| 29 |
$19,235,304 |
$7,077,393
$1,154,118 |
$11,003,793 |
| 30 |
$20,197,004 |
$7,433,222
$1,211,820 |
$11,551,962 |
|
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