The jackpot for the MEGA Millions draw on Fri May 22, 2026, is projected to be $296 Million, with an option for a cash payout of $128.6 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 Fri May 22, 2026 |
|---|
| Draw Date | Fri May 22, 2026 | | Projected Jackpot | $296,000,000 | | Cash Value | $128,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $128,600,000 | | Federal Tax(24%) | $30,864,000 | | Additional Federal Tax | $16,678,330 | | State Tax(6%) | $7,716,000 | | Net Lumpsum Payment | $73,341,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,455,096 |
$1,608,716
$267,306 |
$2,579,074 |
| 2 |
$4,677,984 |
$1,691,184
$280,679 |
$2,706,121 |
| 3 |
$4,911,824 |
$1,777,705
$294,709 |
$2,839,410 |
| 4 |
$5,157,504 |
$1,868,607
$309,450 |
$2,979,447 |
| 5 |
$5,415,320 |
$1,963,999
$324,919 |
$3,126,402 |
| 6 |
$5,686,160 |
$2,064,210
$341,170 |
$3,280,780 |
| 7 |
$5,970,320 |
$2,169,349
$358,219 |
$3,442,752 |
| 8 |
$6,268,984 |
$2,279,854
$376,139 |
$3,612,991 |
| 9 |
$6,582,448 |
$2,395,836
$394,947 |
$3,791,665 |
| 10 |
$6,911,600 |
$2,517,622
$414,696 |
$3,979,282 |
| 11 |
$7,257,032 |
$2,645,432
$435,422 |
$4,176,178 |
| 12 |
$7,619,928 |
$2,779,704
$457,196 |
$4,383,028 |
| 13 |
$8,000,880 |
$2,920,656
$480,053 |
$4,600,171 |
| 14 |
$8,401,072 |
$3,068,727
$504,064 |
$4,828,281 |
| 15 |
$8,821,096 |
$3,224,136
$529,266 |
$5,067,694 |
| 16 |
$9,262,136 |
$3,387,321
$555,728 |
$5,319,087 |
| 17 |
$9,725,080 |
$3,558,610
$583,505 |
$5,582,965 |
| 18 |
$10,211,408 |
$3,738,551
$612,684 |
$5,860,173 |
| 19 |
$10,722,008 |
$3,927,473
$643,320 |
$6,151,215 |
| 20 |
$11,258,064 |
$4,125,814
$675,484 |
$6,456,766 |
| 21 |
$11,821,056 |
$4,334,121
$709,263 |
$6,777,672 |
| 22 |
$12,412,168 |
$4,552,833
$744,730 |
$7,114,605 |
| 23 |
$13,032,584 |
$4,782,386
$781,955 |
$7,468,243 |
| 24 |
$13,684,376 |
$5,023,550
$821,063 |
$7,839,763 |
| 25 |
$14,368,432 |
$5,276,650
$862,106 |
$8,229,676 |
| 26 |
$15,087,120 |
$5,542,565
$905,227 |
$8,639,328 |
| 27 |
$15,841,328 |
$5,821,622
$950,480 |
$9,069,226 |
| 28 |
$16,633,424 |
$6,114,697
$998,005 |
$9,520,722 |
| 29 |
$17,465,184 |
$6,422,448
$1,047,911 |
$9,994,825 |
| 30 |
$18,338,384 |
$6,745,532
$1,100,303 |
$10,492,549 |
|
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