The jackpot for the MEGA Millions draw on Fri Oct 24, 2025, is projected to be $680 Million, with an option for a cash payout of $318.2 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 Oct 24, 2025 |
|---|
| Draw Date | Fri Oct 24, 2025 | | Projected Jackpot | $680,000,000 | | Cash Value | $318,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $318,200,000 | | Federal Tax(24%) | $76,368,000 | | Additional Federal Tax | $41,326,330 | | State Tax(6%) | $19,092,000 | | Net Lumpsum Payment | $181,413,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,234,680 |
$3,747,162
$614,081 |
$5,873,437 |
| 2 |
$10,746,720 |
$3,936,617
$644,803 |
$6,165,300 |
| 3 |
$11,283,920 |
$4,135,381
$677,035 |
$6,471,504 |
| 4 |
$11,848,320 |
$4,344,209
$710,899 |
$6,793,212 |
| 5 |
$12,440,600 |
$4,563,352
$746,436 |
$7,130,812 |
| 6 |
$13,062,800 |
$4,793,566
$783,768 |
$7,485,466 |
| 7 |
$13,715,600 |
$5,035,102
$822,936 |
$7,857,562 |
| 8 |
$14,401,720 |
$5,288,967
$864,103 |
$8,248,650 |
| 9 |
$15,121,840 |
$5,555,411
$907,310 |
$8,659,119 |
| 10 |
$15,878,000 |
$5,835,190
$952,680 |
$9,090,130 |
| 11 |
$16,671,560 |
$6,128,808
$1,000,294 |
$9,542,458 |
| 12 |
$17,505,240 |
$6,437,269
$1,050,314 |
$10,017,657 |
| 13 |
$18,380,400 |
$6,761,078
$1,102,824 |
$10,516,498 |
| 14 |
$19,299,760 |
$7,101,242
$1,157,986 |
$11,040,532 |
| 15 |
$20,264,680 |
$7,458,262
$1,215,881 |
$11,590,537 |
| 16 |
$21,277,880 |
$7,833,146
$1,276,673 |
$12,168,061 |
| 17 |
$22,341,400 |
$8,226,648
$1,340,484 |
$12,774,268 |
| 18 |
$23,458,640 |
$8,640,027
$1,407,518 |
$13,411,095 |
| 19 |
$24,631,640 |
$9,074,037
$1,477,898 |
$14,079,705 |
| 20 |
$25,863,120 |
$9,529,685
$1,551,787 |
$14,781,648 |
| 21 |
$27,156,480 |
$10,008,228
$1,629,389 |
$15,518,863 |
| 22 |
$28,514,440 |
$10,510,673
$1,710,866 |
$16,292,901 |
| 23 |
$29,939,720 |
$11,038,027
$1,796,383 |
$17,105,310 |
| 24 |
$31,437,080 |
$11,592,050
$1,886,225 |
$17,958,805 |
| 25 |
$33,008,560 |
$12,173,498
$1,980,514 |
$18,854,548 |
| 26 |
$34,659,600 |
$12,784,382
$2,079,576 |
$19,795,642 |
| 27 |
$36,392,240 |
$13,425,459
$2,183,534 |
$20,783,247 |
| 28 |
$38,211,920 |
$14,098,741
$2,292,715 |
$21,820,464 |
| 29 |
$40,122,720 |
$14,805,737
$2,407,363 |
$22,909,620 |
| 30 |
$42,128,720 |
$15,547,957
$2,527,723 |
$24,053,040 |
|
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