The jackpot for the MEGA Millions draw on Tue Mar 10, 2026, is projected to be $533 Million, with an option for a cash payout of $244.2 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 Tue Mar 10, 2026 |
|---|
| Draw Date | Tue Mar 10, 2026 | | Projected Jackpot | $533,000,000 | | Cash Value | $244,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $244,200,000 | | Federal Tax(24%) | $58,608,000 | | Additional Federal Tax | $31,706,330 | | State Tax(6%) | $14,652,000 | | Net Lumpsum Payment | $139,233,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,022,183 |
$2,928,538
$481,331 |
$4,612,314 |
| 2 |
$8,423,532 |
$3,077,037
$505,412 |
$4,841,083 |
| 3 |
$8,844,602 |
$3,232,833
$530,676 |
$5,081,093 |
| 4 |
$9,286,992 |
$3,396,517
$557,220 |
$5,333,255 |
| 5 |
$9,751,235 |
$3,568,287
$585,074 |
$5,597,874 |
| 6 |
$10,238,930 |
$3,748,734
$614,336 |
$5,875,860 |
| 7 |
$10,750,610 |
$3,938,056
$645,037 |
$6,167,517 |
| 8 |
$11,288,407 |
$4,137,041
$677,304 |
$6,474,062 |
| 9 |
$11,852,854 |
$4,345,886
$711,171 |
$6,795,797 |
| 10 |
$12,445,550 |
$4,565,184
$746,733 |
$7,133,633 |
| 11 |
$13,067,561 |
$4,795,328
$784,054 |
$7,488,179 |
| 12 |
$13,721,019 |
$5,037,107
$823,261 |
$7,860,651 |
| 13 |
$14,406,990 |
$5,290,917
$864,419 |
$8,251,654 |
| 14 |
$15,127,606 |
$5,557,545
$907,656 |
$8,662,405 |
| 15 |
$15,883,933 |
$5,837,386
$953,036 |
$9,093,511 |
| 16 |
$16,678,103 |
$6,131,228
$1,000,686 |
$9,546,189 |
| 17 |
$17,511,715 |
$6,439,665
$1,050,703 |
$10,021,347 |
| 18 |
$18,387,434 |
$6,763,681
$1,103,246 |
$10,520,507 |
| 19 |
$19,306,859 |
$7,103,868
$1,158,412 |
$11,044,579 |
| 20 |
$20,272,122 |
$7,461,016
$1,216,327 |
$11,594,779 |
| 21 |
$21,285,888 |
$7,836,109
$1,277,153 |
$12,172,626 |
| 22 |
$22,350,289 |
$8,229,937
$1,341,017 |
$12,779,335 |
| 23 |
$23,467,457 |
$8,643,289
$1,408,047 |
$13,416,121 |
| 24 |
$24,641,123 |
$9,077,546
$1,478,467 |
$14,085,110 |
| 25 |
$25,872,886 |
$9,533,298
$1,552,373 |
$14,787,215 |
| 26 |
$27,167,010 |
$10,012,124
$1,630,021 |
$15,524,865 |
| 27 |
$28,525,094 |
$10,514,615
$1,711,506 |
$16,298,973 |
| 28 |
$29,951,402 |
$11,042,349
$1,797,084 |
$17,111,969 |
| 29 |
$31,449,132 |
$11,596,509
$1,886,948 |
$17,965,675 |
| 30 |
$33,021,482 |
$12,178,279
$1,981,289 |
$18,861,914 |
|
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