The jackpot for the MEGA Millions draw on Tue Sep 29, 2026, is projected to be $300 Million, with an option for a cash payout of $124.1 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 29, 2026 |
|---|
| Draw Date | Tue Sep 29, 2026 | | Projected Jackpot | $300,000,000 | | Cash Value | $124,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $124,100,000 | | Federal Tax(24%) | $29,784,000 | | Additional Federal Tax | $16,093,330 | | State Tax(6%) | $7,446,000 | | Net Lumpsum Payment | $70,776,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,515,300 |
$1,630,991
$270,918 |
$2,613,391 |
| 2 |
$4,741,200 |
$1,714,574
$284,472 |
$2,742,154 |
| 3 |
$4,978,200 |
$1,802,264
$298,692 |
$2,877,244 |
| 4 |
$5,227,200 |
$1,894,394
$313,632 |
$3,019,174 |
| 5 |
$5,488,500 |
$1,991,075
$329,310 |
$3,168,115 |
| 6 |
$5,763,000 |
$2,092,640
$345,780 |
$3,324,580 |
| 7 |
$6,051,000 |
$2,199,200
$363,060 |
$3,488,740 |
| 8 |
$6,353,700 |
$2,311,199
$381,222 |
$3,661,279 |
| 9 |
$6,671,400 |
$2,428,748
$400,284 |
$3,842,368 |
| 10 |
$7,005,000 |
$2,552,180
$420,300 |
$4,032,520 |
| 11 |
$7,355,100 |
$2,681,717
$441,306 |
$4,232,077 |
| 12 |
$7,722,900 |
$2,817,803
$463,374 |
$4,441,723 |
| 13 |
$8,109,000 |
$2,960,660
$486,540 |
$4,661,800 |
| 14 |
$8,514,600 |
$3,110,732
$510,876 |
$4,892,992 |
| 15 |
$8,940,300 |
$3,268,241
$536,418 |
$5,135,641 |
| 16 |
$9,387,300 |
$3,433,631
$563,238 |
$5,390,431 |
| 17 |
$9,856,500 |
$3,607,235
$591,390 |
$5,657,875 |
| 18 |
$10,349,400 |
$3,789,608
$620,964 |
$5,938,828 |
| 19 |
$10,866,900 |
$3,981,083
$652,014 |
$6,233,803 |
| 20 |
$11,410,200 |
$4,182,104
$684,612 |
$6,543,484 |
| 21 |
$11,980,800 |
$4,393,226
$718,848 |
$6,868,726 |
| 22 |
$12,579,900 |
$4,614,893
$754,794 |
$7,210,213 |
| 23 |
$13,208,700 |
$4,847,549
$792,522 |
$7,568,629 |
| 24 |
$13,869,300 |
$5,091,971
$832,158 |
$7,945,171 |
| 25 |
$14,562,600 |
$5,348,492
$873,756 |
$8,340,352 |
| 26 |
$15,291,000 |
$5,618,000
$917,460 |
$8,755,540 |
| 27 |
$16,055,400 |
$5,900,828
$963,324 |
$9,191,248 |
| 28 |
$16,858,200 |
$6,197,864
$1,011,492 |
$9,648,844 |
| 29 |
$17,701,200 |
$6,509,774
$1,062,072 |
$10,129,354 |
| 30 |
$18,586,200 |
$6,837,224
$1,115,172 |
$10,633,804 |
|
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