The jackpot for the MEGA Millions draw on Fri Mar 6, 2026, is projected to be $496 Million, with an option for a cash payout of $232.6 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 Fri Mar 6, 2026 |
|---|
| Draw Date | Fri Mar 6, 2026 | | Projected Jackpot | $496,000,000 | | Cash Value | $232,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $232,600,000 | | Federal Tax(24%) | $55,824,000 | | Additional Federal Tax | $30,198,330 | | State Tax(6%) | $13,956,000 | | Net Lumpsum Payment | $132,621,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,465,296 |
$2,722,490
$447,918 |
$4,294,888 |
| 2 |
$7,838,784 |
$2,860,680
$470,327 |
$4,507,777 |
| 3 |
$8,230,624 |
$3,005,661
$493,837 |
$4,731,126 |
| 4 |
$8,642,304 |
$3,157,983
$518,538 |
$4,965,783 |
| 5 |
$9,074,320 |
$3,317,829
$544,459 |
$5,212,032 |
| 6 |
$9,528,160 |
$3,485,750
$571,690 |
$5,470,720 |
| 7 |
$10,004,320 |
$3,661,929
$600,259 |
$5,742,132 |
| 8 |
$10,504,784 |
$3,847,100
$630,287 |
$6,027,397 |
| 9 |
$11,030,048 |
$4,041,448
$661,803 |
$6,326,797 |
| 10 |
$11,581,600 |
$4,245,522
$694,896 |
$6,641,182 |
| 11 |
$12,160,432 |
$4,459,690
$729,626 |
$6,971,116 |
| 12 |
$12,768,528 |
$4,684,686
$766,112 |
$7,317,730 |
| 13 |
$13,406,880 |
$4,920,876
$804,413 |
$7,681,591 |
| 14 |
$14,077,472 |
$5,168,995
$844,648 |
$8,063,829 |
| 15 |
$14,781,296 |
$5,429,410
$886,878 |
$8,465,008 |
| 16 |
$15,520,336 |
$5,702,855
$931,220 |
$8,886,261 |
| 17 |
$16,296,080 |
$5,989,880
$977,765 |
$9,328,435 |
| 18 |
$17,111,008 |
$6,291,403
$1,026,660 |
$9,792,945 |
| 19 |
$17,966,608 |
$6,607,975
$1,077,996 |
$10,280,637 |
| 20 |
$18,864,864 |
$6,940,330
$1,131,892 |
$10,792,642 |
| 21 |
$19,808,256 |
$7,289,385
$1,188,495 |
$11,330,376 |
| 22 |
$20,798,768 |
$7,655,875
$1,247,926 |
$11,894,967 |
| 23 |
$21,838,384 |
$8,040,532
$1,310,303 |
$12,487,549 |
| 24 |
$22,930,576 |
$8,444,644
$1,375,835 |
$13,110,097 |
| 25 |
$24,076,832 |
$8,868,758
$1,444,610 |
$13,763,464 |
| 26 |
$25,281,120 |
$9,314,345
$1,516,867 |
$14,449,908 |
| 27 |
$26,544,928 |
$9,781,954
$1,592,696 |
$15,170,278 |
| 28 |
$27,872,224 |
$10,273,053
$1,672,333 |
$15,926,838 |
| 29 |
$29,265,984 |
$10,788,744
$1,755,959 |
$16,721,281 |
| 30 |
$30,729,184 |
$11,330,128
$1,843,751 |
$17,555,305 |
|
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