The jackpot for the MEGA Millions draw on Tue Sep 8, 2026, is projected to be $193 Million, with an option for a cash payout of $82.8 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 8, 2026 |
|---|
| Draw Date | Tue Sep 8, 2026 | | Projected Jackpot | $193,000,000 | | Cash Value | $82,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $82,800,000 | | Federal Tax(24%) | $19,872,000 | | Additional Federal Tax | $10,724,330 | | State Tax(6%) | $4,968,000 | | Net Lumpsum Payment | $47,235,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,904,843 |
$1,035,122
$174,291 |
$1,695,430 |
| 2 |
$3,050,172 |
$1,088,894
$183,010 |
$1,778,268 |
| 3 |
$3,202,642 |
$1,145,308
$192,159 |
$1,865,175 |
| 4 |
$3,362,832 |
$1,204,578
$201,770 |
$1,956,484 |
| 5 |
$3,530,935 |
$1,266,776
$211,856 |
$2,052,303 |
| 6 |
$3,707,530 |
$1,332,116
$222,452 |
$2,152,962 |
| 7 |
$3,892,810 |
$1,400,670
$233,569 |
$2,258,571 |
| 8 |
$4,087,547 |
$1,472,723
$245,253 |
$2,369,571 |
| 9 |
$4,291,934 |
$1,548,346
$257,516 |
$2,486,072 |
| 10 |
$4,506,550 |
$1,627,754
$270,393 |
$2,608,403 |
| 11 |
$4,731,781 |
$1,711,089
$283,907 |
$2,736,785 |
| 12 |
$4,968,399 |
$1,798,638
$298,104 |
$2,871,657 |
| 13 |
$5,216,790 |
$1,890,543
$313,007 |
$3,013,240 |
| 14 |
$5,477,726 |
$1,987,089
$328,664 |
$3,161,973 |
| 15 |
$5,751,593 |
$2,088,420
$345,096 |
$3,318,077 |
| 16 |
$6,039,163 |
$2,194,821
$362,350 |
$3,481,992 |
| 17 |
$6,341,015 |
$2,306,506
$380,461 |
$3,654,048 |
| 18 |
$6,658,114 |
$2,423,833
$399,487 |
$3,834,794 |
| 19 |
$6,991,039 |
$2,547,015
$419,462 |
$4,024,562 |
| 20 |
$7,340,562 |
$2,676,338
$440,434 |
$4,223,790 |
| 21 |
$7,707,648 |
$2,812,160
$462,459 |
$4,433,029 |
| 22 |
$8,093,069 |
$2,954,766
$485,584 |
$4,652,719 |
| 23 |
$8,497,597 |
$3,104,441
$509,856 |
$4,883,300 |
| 24 |
$8,922,583 |
$3,261,686
$535,355 |
$5,125,542 |
| 25 |
$9,368,606 |
$3,426,715
$562,116 |
$5,379,775 |
| 26 |
$9,837,210 |
$3,600,098
$590,233 |
$5,646,879 |
| 27 |
$10,328,974 |
$3,782,051
$619,738 |
$5,927,185 |
| 28 |
$10,845,442 |
$3,973,144
$650,727 |
$6,221,571 |
| 29 |
$11,387,772 |
$4,173,806
$683,266 |
$6,530,700 |
| 30 |
$11,957,122 |
$4,384,466
$717,427 |
$6,855,229 |
|
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