The jackpot for the MEGA Millions draw on Tue Jun 3, 2025, is projected to be $202 Million, with an option for a cash payout of $90 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 Jun 3, 2025 |
|---|
| Draw Date | Tue Jun 3, 2025 | | Projected Jackpot | $202,000,000 | | Cash Value | $90,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $90,000,000 | | Federal Tax(24%) | $21,600,000 | | Additional Federal Tax | $11,660,330 | | State Tax(6%) | $5,400,000 | | Net Lumpsum Payment | $51,339,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,040,302 |
$1,085,242
$182,418 |
$1,772,642 |
| 2 |
$3,192,408 |
$1,141,521
$191,544 |
$1,859,343 |
| 3 |
$3,351,988 |
$1,200,566
$201,119 |
$1,950,303 |
| 4 |
$3,519,648 |
$1,262,600
$211,179 |
$2,045,869 |
| 5 |
$3,695,590 |
$1,327,699
$221,735 |
$2,146,156 |
| 6 |
$3,880,420 |
$1,396,086
$232,825 |
$2,251,509 |
| 7 |
$4,074,340 |
$1,467,836
$244,460 |
$2,362,044 |
| 8 |
$4,278,158 |
$1,543,249
$256,689 |
$2,478,220 |
| 9 |
$4,492,076 |
$1,622,399
$269,525 |
$2,600,152 |
| 10 |
$4,716,700 |
$1,705,509
$283,002 |
$2,728,189 |
| 11 |
$4,952,434 |
$1,792,731
$297,146 |
$2,862,557 |
| 12 |
$5,200,086 |
$1,884,362
$312,005 |
$3,003,719 |
| 13 |
$5,460,060 |
$1,980,553
$327,604 |
$3,151,903 |
| 14 |
$5,733,164 |
$2,081,601
$343,990 |
$3,307,573 |
| 15 |
$6,019,802 |
$2,187,657
$361,188 |
$3,470,957 |
| 16 |
$6,320,782 |
$2,299,020
$379,247 |
$3,642,515 |
| 17 |
$6,636,710 |
$2,415,913
$398,203 |
$3,822,594 |
| 18 |
$6,968,596 |
$2,538,711
$418,116 |
$4,011,769 |
| 19 |
$7,317,046 |
$2,667,637
$439,023 |
$4,210,386 |
| 20 |
$7,682,868 |
$2,802,992
$460,972 |
$4,418,904 |
| 21 |
$8,067,072 |
$2,945,147
$484,024 |
$4,637,901 |
| 22 |
$8,470,466 |
$3,094,403
$508,228 |
$4,867,835 |
| 23 |
$8,893,858 |
$3,251,058
$533,631 |
$5,109,169 |
| 24 |
$9,338,662 |
$3,415,635
$560,320 |
$5,362,707 |
| 25 |
$9,805,484 |
$3,588,359
$588,329 |
$5,628,796 |
| 26 |
$10,295,940 |
$3,769,828
$617,756 |
$5,908,356 |
| 27 |
$10,810,636 |
$3,960,266
$648,638 |
$6,201,732 |
| 28 |
$11,351,188 |
$4,160,270
$681,071 |
$6,509,847 |
| 29 |
$11,918,808 |
$4,370,289
$715,128 |
$6,833,391 |
| 30 |
$12,514,708 |
$4,590,772
$750,882 |
$7,173,054 |
|
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