The jackpot for the MEGA Millions draw on Tue Oct 27, 2026, is projected to be $443 Million, with an option for a cash payout of $186.5 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 Tue Oct 27, 2026 |
|---|
| Draw Date | Tue Oct 27, 2026 | | Projected Jackpot | $443,000,000 | | Cash Value | $186,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $186,500,000 | | Federal Tax(24%) | $44,760,000 | | Additional Federal Tax | $24,205,330 | | State Tax(6%) | $11,190,000 | | Net Lumpsum Payment | $106,344,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,667,593 |
$2,427,340
$400,056 |
$3,840,197 |
| 2 |
$7,001,172 |
$2,550,764
$420,070 |
$4,030,338 |
| 3 |
$7,351,142 |
$2,680,253
$441,069 |
$4,229,820 |
| 4 |
$7,718,832 |
$2,816,298
$463,130 |
$4,439,404 |
| 5 |
$8,104,685 |
$2,959,064
$486,281 |
$4,659,340 |
| 6 |
$8,510,030 |
$3,109,041
$510,602 |
$4,890,387 |
| 7 |
$8,935,310 |
$3,266,395
$536,119 |
$5,132,796 |
| 8 |
$9,382,297 |
$3,431,780
$562,938 |
$5,387,579 |
| 9 |
$9,851,434 |
$3,605,361
$591,086 |
$5,654,987 |
| 10 |
$10,344,050 |
$3,787,629
$620,643 |
$5,935,778 |
| 11 |
$10,861,031 |
$3,978,912
$651,662 |
$6,230,457 |
| 12 |
$11,404,149 |
$4,179,866
$684,249 |
$6,540,034 |
| 13 |
$11,974,290 |
$4,390,818
$718,457 |
$6,865,015 |
| 14 |
$12,573,226 |
$4,612,424
$754,394 |
$7,206,408 |
| 15 |
$13,201,843 |
$4,845,012
$792,111 |
$7,564,720 |
| 16 |
$13,861,913 |
$5,089,238
$831,715 |
$7,940,960 |
| 17 |
$14,554,765 |
$5,345,593
$873,286 |
$8,335,886 |
| 18 |
$15,282,614 |
$5,614,898
$916,957 |
$8,750,759 |
| 19 |
$16,046,789 |
$5,897,642
$962,807 |
$9,186,340 |
| 20 |
$16,849,062 |
$6,194,483
$1,010,944 |
$9,643,635 |
| 21 |
$17,691,648 |
$6,506,240
$1,061,499 |
$10,123,909 |
| 22 |
$18,576,319 |
$6,833,568
$1,114,579 |
$10,628,172 |
| 23 |
$19,504,847 |
$7,177,124
$1,170,291 |
$11,157,432 |
| 24 |
$20,480,333 |
$7,538,054
$1,228,820 |
$11,713,459 |
| 25 |
$21,504,106 |
$7,916,850
$1,290,246 |
$12,297,010 |
| 26 |
$22,579,710 |
$8,314,823
$1,354,783 |
$12,910,104 |
| 27 |
$23,708,474 |
$8,732,466
$1,422,508 |
$13,553,500 |
| 28 |
$24,893,942 |
$9,171,089
$1,493,637 |
$14,229,216 |
| 29 |
$26,138,772 |
$9,631,676
$1,568,326 |
$14,938,770 |
| 30 |
$27,445,622 |
$10,115,211
$1,646,737 |
$15,683,674 |
|
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