The jackpot for the MEGA Millions draw on Tue Jul 28, 2026, is projected to be $800 Million, with an option for a cash payout of $344.2 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 Jul 28, 2026 |
|---|
| Draw Date | Tue Jul 28, 2026 | | Projected Jackpot | $800,000,000 | | Cash Value | $344,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $344,200,000 | | Federal Tax(24%) | $82,608,000 | | Additional Federal Tax | $44,706,330 | | State Tax(6%) | $20,652,000 | | Net Lumpsum Payment | $196,233,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$12,040,800 |
$4,415,426
$722,448 |
$6,902,926 |
| 2 |
$12,643,200 |
$4,638,314
$758,592 |
$7,246,294 |
| 3 |
$13,275,200 |
$4,872,154
$796,512 |
$7,606,534 |
| 4 |
$13,939,200 |
$5,117,834
$836,352 |
$7,985,014 |
| 5 |
$14,636,000 |
$5,375,650
$878,160 |
$8,382,190 |
| 6 |
$15,368,000 |
$5,646,490
$922,080 |
$8,799,430 |
| 7 |
$16,136,000 |
$5,930,650
$968,160 |
$9,237,190 |
| 8 |
$16,943,200 |
$6,229,314
$1,016,592 |
$9,697,294 |
| 9 |
$17,790,400 |
$6,542,778
$1,067,424 |
$10,180,198 |
| 10 |
$18,680,000 |
$6,871,930
$1,120,800 |
$10,687,270 |
| 11 |
$19,613,600 |
$7,217,362
$1,176,816 |
$11,219,422 |
| 12 |
$20,594,400 |
$7,580,258
$1,235,664 |
$11,778,478 |
| 13 |
$21,624,000 |
$7,961,210
$1,297,440 |
$12,365,350 |
| 14 |
$22,705,600 |
$8,361,402
$1,362,336 |
$12,981,862 |
| 15 |
$23,840,800 |
$8,781,426
$1,430,448 |
$13,628,926 |
| 16 |
$25,032,800 |
$9,222,466
$1,501,968 |
$14,308,366 |
| 17 |
$26,284,000 |
$9,685,410
$1,577,040 |
$15,021,550 |
| 18 |
$27,598,400 |
$10,171,738
$1,655,904 |
$15,770,758 |
| 19 |
$28,978,400 |
$10,682,338
$1,738,704 |
$16,557,358 |
| 20 |
$30,427,200 |
$11,218,394
$1,825,632 |
$17,383,174 |
| 21 |
$31,948,800 |
$11,781,386
$1,916,928 |
$18,250,486 |
| 22 |
$33,546,400 |
$12,372,498
$2,012,784 |
$19,161,118 |
| 23 |
$35,223,200 |
$12,992,914
$2,113,392 |
$20,116,894 |
| 24 |
$36,984,800 |
$13,644,706
$2,219,088 |
$21,121,006 |
| 25 |
$38,833,600 |
$14,328,762
$2,330,016 |
$22,174,822 |
| 26 |
$40,776,000 |
$15,047,450
$2,446,560 |
$23,281,990 |
| 27 |
$42,814,400 |
$15,801,658
$2,568,864 |
$24,443,878 |
| 28 |
$44,955,200 |
$16,593,754
$2,697,312 |
$25,664,134 |
| 29 |
$47,203,200 |
$17,425,514
$2,832,192 |
$26,945,494 |
| 30 |
$49,563,200 |
$18,298,714
$2,973,792 |
$28,290,694 |
|
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