The jackpot for the MEGA Millions draw on Tue Sep 1, 2026, is projected to be $160 Million, with an option for a cash payout of $68.9 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 Sep 1, 2026 |
|---|
| Draw Date | Tue Sep 1, 2026 | | Projected Jackpot | $160,000,000 | | Cash Value | $68,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $68,900,000 | | Federal Tax(24%) | $16,536,000 | | Additional Federal Tax | $8,917,330 | | State Tax(6%) | $4,134,000 | | Net Lumpsum Payment | $39,312,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,408,160 |
$851,350
$144,490 |
$1,412,320 |
| 2 |
$2,528,640 |
$895,927
$151,718 |
$1,480,995 |
| 3 |
$2,655,040 |
$942,695
$159,302 |
$1,553,043 |
| 4 |
$2,787,840 |
$991,831
$167,270 |
$1,628,739 |
| 5 |
$2,927,200 |
$1,043,394
$175,632 |
$1,708,174 |
| 6 |
$3,073,600 |
$1,097,562
$184,416 |
$1,791,622 |
| 7 |
$3,227,200 |
$1,154,394
$193,632 |
$1,879,174 |
| 8 |
$3,388,640 |
$1,214,127
$203,318 |
$1,971,195 |
| 9 |
$3,558,080 |
$1,276,820
$213,485 |
$2,067,775 |
| 10 |
$3,736,000 |
$1,342,650
$224,160 |
$2,169,190 |
| 11 |
$3,922,720 |
$1,411,737
$235,363 |
$2,275,620 |
| 12 |
$4,118,880 |
$1,484,316
$247,133 |
$2,387,431 |
| 13 |
$4,324,800 |
$1,560,506
$259,488 |
$2,504,806 |
| 14 |
$4,541,120 |
$1,640,545
$272,467 |
$2,628,108 |
| 15 |
$4,768,160 |
$1,724,550
$286,090 |
$2,757,520 |
| 16 |
$5,006,560 |
$1,812,758
$300,394 |
$2,893,408 |
| 17 |
$5,256,800 |
$1,905,346
$315,408 |
$3,036,046 |
| 18 |
$5,519,680 |
$2,002,612
$331,181 |
$3,185,887 |
| 19 |
$5,795,680 |
$2,104,732
$347,741 |
$3,343,207 |
| 20 |
$6,085,440 |
$2,211,943
$365,126 |
$3,508,371 |
| 21 |
$6,389,760 |
$2,324,542
$383,386 |
$3,681,832 |
| 22 |
$6,709,280 |
$2,442,764
$402,557 |
$3,863,959 |
| 23 |
$7,044,640 |
$2,566,847
$422,678 |
$4,055,115 |
| 24 |
$7,396,960 |
$2,697,206
$443,818 |
$4,255,936 |
| 25 |
$7,766,720 |
$2,834,017
$466,003 |
$4,466,700 |
| 26 |
$8,155,200 |
$2,977,754
$489,312 |
$4,688,134 |
| 27 |
$8,562,880 |
$3,128,596
$513,773 |
$4,920,511 |
| 28 |
$8,991,040 |
$3,287,015
$539,462 |
$5,164,563 |
| 29 |
$9,440,640 |
$3,453,367
$566,438 |
$5,420,835 |
| 30 |
$9,912,640 |
$3,628,007
$594,758 |
$5,689,875 |
|
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