The jackpot for the MEGA Millions draw on Tue Jan 6, 2026, is projected to be $180 Million, with an option for a cash payout of $81.9 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 Jan 6, 2026 |
|---|
| Draw Date | Tue Jan 6, 2026 | | Projected Jackpot | $180,000,000 | | Cash Value | $81,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $81,900,000 | | Federal Tax(24%) | $19,656,000 | | Additional Federal Tax | $10,607,330 | | State Tax(6%) | $4,914,000 | | Net Lumpsum Payment | $46,722,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,709,180 |
$962,727
$162,551 |
$1,583,902 |
| 2 |
$2,844,720 |
$1,012,877
$170,683 |
$1,661,160 |
| 3 |
$2,986,920 |
$1,065,491
$179,215 |
$1,742,214 |
| 4 |
$3,136,320 |
$1,120,769
$188,179 |
$1,827,372 |
| 5 |
$3,293,100 |
$1,178,777
$197,586 |
$1,916,737 |
| 6 |
$3,457,800 |
$1,239,716
$207,468 |
$2,010,616 |
| 7 |
$3,630,600 |
$1,303,652
$217,836 |
$2,109,112 |
| 8 |
$3,812,220 |
$1,370,852
$228,733 |
$2,212,635 |
| 9 |
$4,002,840 |
$1,441,381
$240,170 |
$2,321,289 |
| 10 |
$4,203,000 |
$1,515,440
$252,180 |
$2,435,380 |
| 11 |
$4,413,060 |
$1,593,163
$264,784 |
$2,555,113 |
| 12 |
$4,633,740 |
$1,674,814
$278,024 |
$2,680,902 |
| 13 |
$4,865,400 |
$1,760,528
$291,924 |
$2,812,948 |
| 14 |
$5,108,760 |
$1,850,572
$306,526 |
$2,951,662 |
| 15 |
$5,364,180 |
$1,945,077
$321,851 |
$3,097,252 |
| 16 |
$5,632,380 |
$2,044,311
$337,943 |
$3,250,126 |
| 17 |
$5,913,900 |
$2,148,473
$354,834 |
$3,410,593 |
| 18 |
$6,209,640 |
$2,257,897
$372,578 |
$3,579,165 |
| 19 |
$6,520,140 |
$2,372,782
$391,208 |
$3,756,150 |
| 20 |
$6,846,120 |
$2,493,395
$410,767 |
$3,941,958 |
| 21 |
$7,188,480 |
$2,620,068
$431,309 |
$4,137,103 |
| 22 |
$7,547,940 |
$2,753,068
$452,876 |
$4,341,996 |
| 23 |
$7,925,220 |
$2,892,662
$475,513 |
$4,557,045 |
| 24 |
$8,321,580 |
$3,039,315
$499,295 |
$4,782,970 |
| 25 |
$8,737,560 |
$3,193,228
$524,254 |
$5,020,078 |
| 26 |
$9,174,600 |
$3,354,932
$550,476 |
$5,269,192 |
| 27 |
$9,633,240 |
$3,524,629
$577,994 |
$5,530,617 |
| 28 |
$10,114,920 |
$3,702,851
$606,895 |
$5,805,174 |
| 29 |
$10,620,720 |
$3,889,997
$637,243 |
$6,093,480 |
| 30 |
$11,151,720 |
$4,086,467
$669,103 |
$6,396,150 |
|
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