The jackpot for the MEGA Millions draw on Tue Aug 19, 2025, is projected to be $216 Million, with an option for a cash payout of $97 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 Aug 19, 2025 |
|---|
| Draw Date | Tue Aug 19, 2025 | | Projected Jackpot | $216,000,000 | | Cash Value | $97,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $97,000,000 | | Federal Tax(24%) | $23,280,000 | | Additional Federal Tax | $12,570,330 | | State Tax(6%) | $5,820,000 | | Net Lumpsum Payment | $55,329,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,251,016 |
$1,163,206
$195,061 |
$1,892,749 |
| 2 |
$3,413,664 |
$1,223,386
$204,820 |
$1,985,458 |
| 3 |
$3,584,304 |
$1,286,523
$215,058 |
$2,082,723 |
| 4 |
$3,763,584 |
$1,352,856
$225,815 |
$2,184,913 |
| 5 |
$3,951,720 |
$1,422,467
$237,103 |
$2,292,150 |
| 6 |
$4,149,360 |
$1,495,594
$248,962 |
$2,404,804 |
| 7 |
$4,356,720 |
$1,572,317
$261,403 |
$2,523,000 |
| 8 |
$4,574,664 |
$1,652,956
$274,480 |
$2,647,228 |
| 9 |
$4,803,408 |
$1,737,591
$288,204 |
$2,777,613 |
| 10 |
$5,043,600 |
$1,826,462
$302,616 |
$2,914,522 |
| 11 |
$5,295,672 |
$1,919,729
$317,740 |
$3,058,203 |
| 12 |
$5,560,488 |
$2,017,711
$333,629 |
$3,209,148 |
| 13 |
$5,838,480 |
$2,120,568
$350,309 |
$3,367,603 |
| 14 |
$6,130,512 |
$2,228,620
$367,831 |
$3,534,061 |
| 15 |
$6,437,016 |
$2,342,026
$386,221 |
$3,708,769 |
| 16 |
$6,758,856 |
$2,461,107
$405,531 |
$3,892,218 |
| 17 |
$7,096,680 |
$2,586,102
$425,801 |
$4,084,777 |
| 18 |
$7,451,568 |
$2,717,411
$447,094 |
$4,287,063 |
| 19 |
$7,824,168 |
$2,855,273
$469,450 |
$4,499,445 |
| 20 |
$8,215,344 |
$3,000,008
$492,921 |
$4,722,415 |
| 21 |
$8,626,176 |
$3,152,016
$517,571 |
$4,956,589 |
| 22 |
$9,057,528 |
$3,311,616
$543,452 |
$5,202,460 |
| 23 |
$9,510,264 |
$3,479,128
$570,616 |
$5,460,520 |
| 24 |
$9,985,896 |
$3,655,112
$599,154 |
$5,731,630 |
| 25 |
$10,485,072 |
$3,839,807
$629,104 |
$6,016,161 |
| 26 |
$11,009,520 |
$4,033,853
$660,571 |
$6,315,096 |
| 27 |
$11,559,888 |
$4,237,489
$693,593 |
$6,628,806 |
| 28 |
$12,137,904 |
$4,451,355
$728,274 |
$6,958,275 |
| 29 |
$12,744,864 |
$4,675,930
$764,692 |
$7,304,242 |
| 30 |
$13,382,064 |
$4,911,694
$802,924 |
$7,667,446 |
|
|
