The jackpot for the MEGA Millions draw on Tue Aug 5, 2025, is projected to be $150 Million, with an option for a cash payout of $67.9 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 Aug 5, 2025 |
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Draw Date | Tue Aug 5, 2025 | Projected Jackpot | $150,000,000 | Cash Value | $67,900,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $67,900,000 | Federal Tax(24%) | $16,296,000 | Additional Federal Tax | $8,787,330 | State Tax(6%) | $4,074,000 | Net Lumpsum Payment | $38,742,670 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$2,257,650 |
$795,661 $135,459 |
$1,326,530 |
2 |
$2,370,600 |
$837,452 $142,236 |
$1,390,912 |
3 |
$2,489,100 |
$881,297 $149,346 |
$1,458,457 |
4 |
$2,613,600 |
$927,362 $156,816 |
$1,529,422 |
5 |
$2,744,250 |
$975,703 $164,655 |
$1,603,892 |
6 |
$2,881,500 |
$1,026,485 $172,890 |
$1,682,125 |
7 |
$3,025,500 |
$1,079,765 $181,530 |
$1,764,205 |
8 |
$3,176,850 |
$1,135,765 $190,611 |
$1,850,474 |
9 |
$3,335,700 |
$1,194,539 $200,142 |
$1,941,019 |
10 |
$3,502,500 |
$1,256,255 $210,150 |
$2,036,095 |
11 |
$3,677,550 |
$1,321,024 $220,653 |
$2,135,873 |
12 |
$3,861,450 |
$1,389,067 $231,687 |
$2,240,696 |
13 |
$4,054,500 |
$1,460,495 $243,270 |
$2,350,735 |
14 |
$4,257,300 |
$1,535,531 $255,438 |
$2,466,331 |
15 |
$4,470,150 |
$1,614,286 $268,209 |
$2,587,655 |
16 |
$4,693,650 |
$1,696,981 $281,619 |
$2,715,050 |
17 |
$4,928,250 |
$1,783,783 $295,695 |
$2,848,772 |
18 |
$5,174,700 |
$1,874,969 $310,482 |
$2,989,249 |
19 |
$5,433,450 |
$1,970,707 $326,007 |
$3,136,736 |
20 |
$5,705,100 |
$2,071,217 $342,306 |
$3,291,577 |
21 |
$5,990,400 |
$2,176,778 $359,424 |
$3,454,198 |
22 |
$6,289,950 |
$2,287,612 $377,397 |
$3,624,941 |
23 |
$6,604,350 |
$2,403,940 $396,261 |
$3,804,149 |
24 |
$6,934,650 |
$2,526,151 $416,079 |
$3,992,420 |
25 |
$7,281,300 |
$2,654,411 $436,878 |
$4,190,011 |
26 |
$7,645,500 |
$2,789,165 $458,730 |
$4,397,605 |
27 |
$8,027,700 |
$2,930,579 $481,662 |
$4,615,459 |
28 |
$8,429,100 |
$3,079,097 $505,746 |
$4,844,257 |
29 |
$8,850,600 |
$3,235,052 $531,036 |
$5,084,512 |
30 |
$9,293,100 |
$3,398,777 $557,586 |
$5,336,737 |
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