The jackpot for the MEGA Millions draw on Tue Apr 22, 2025, is projected to be $50 Million, with an option for a cash payout of $22.4 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 Apr 22, 2025 |
|---|
| Draw Date | Tue Apr 22, 2025 | | Projected Jackpot | $50,000,000 | | Cash Value | $22,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $22,400,000 | | Federal Tax(24%) | $5,376,000 | | Additional Federal Tax | $2,872,330 | | State Tax(6%) | $1,344,000 | | Net Lumpsum Payment | $12,807,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$752,550 |
$238,774
$45,153 |
$468,623 |
| 2 |
$790,200 |
$252,704
$47,412 |
$490,084 |
| 3 |
$829,700 |
$267,319
$49,782 |
$512,599 |
| 4 |
$871,200 |
$282,674
$52,272 |
$536,254 |
| 5 |
$914,750 |
$298,788
$54,885 |
$561,077 |
| 6 |
$960,500 |
$315,715
$57,630 |
$587,155 |
| 7 |
$1,008,500 |
$333,475
$60,510 |
$614,515 |
| 8 |
$1,058,950 |
$352,142
$63,537 |
$643,271 |
| 9 |
$1,111,900 |
$371,733
$66,714 |
$673,453 |
| 10 |
$1,167,500 |
$392,305
$70,050 |
$705,145 |
| 11 |
$1,225,850 |
$413,895
$73,551 |
$738,404 |
| 12 |
$1,287,150 |
$436,576
$77,229 |
$773,345 |
| 13 |
$1,351,500 |
$460,385
$81,090 |
$810,025 |
| 14 |
$1,419,100 |
$485,397
$85,146 |
$848,557 |
| 15 |
$1,490,050 |
$511,649
$89,403 |
$888,998 |
| 16 |
$1,564,550 |
$539,214
$93,873 |
$931,463 |
| 17 |
$1,642,750 |
$568,148
$98,565 |
$976,037 |
| 18 |
$1,724,900 |
$598,543
$103,494 |
$1,022,863 |
| 19 |
$1,811,150 |
$630,456
$108,669 |
$1,072,025 |
| 20 |
$1,901,700 |
$663,959
$114,102 |
$1,123,639 |
| 21 |
$1,996,800 |
$699,146
$119,808 |
$1,177,846 |
| 22 |
$2,096,650 |
$736,091
$125,799 |
$1,234,760 |
| 23 |
$2,201,450 |
$774,867
$132,087 |
$1,294,496 |
| 24 |
$2,311,550 |
$815,604
$138,693 |
$1,357,253 |
| 25 |
$2,427,100 |
$858,357
$145,626 |
$1,423,117 |
| 26 |
$2,548,500 |
$903,275
$152,910 |
$1,492,315 |
| 27 |
$2,675,900 |
$950,413
$160,554 |
$1,564,933 |
| 28 |
$2,809,700 |
$999,919
$168,582 |
$1,641,199 |
| 29 |
$2,950,200 |
$1,051,904
$177,012 |
$1,721,284 |
| 30 |
$3,097,700 |
$1,106,479
$185,862 |
$1,805,359 |
|
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