The jackpot for the MEGA Millions draw on Tue Oct 28, 2025, is projected to be $714 Million, with an option for a cash payout of $334.1 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 Oct 28, 2025 |
|---|
| Draw Date | Tue Oct 28, 2025 | | Projected Jackpot | $714,000,000 | | Cash Value | $334,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $334,100,000 | | Federal Tax(24%) | $80,184,000 | | Additional Federal Tax | $43,393,330 | | State Tax(6%) | $20,046,000 | | Net Lumpsum Payment | $190,476,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,746,414 |
$3,936,504
$644,785 |
$6,165,125 |
| 2 |
$11,284,056 |
$4,135,431
$677,043 |
$6,471,582 |
| 3 |
$11,848,116 |
$4,344,133
$710,887 |
$6,793,096 |
| 4 |
$12,440,736 |
$4,563,403
$746,444 |
$7,130,889 |
| 5 |
$13,062,630 |
$4,793,503
$783,758 |
$7,485,369 |
| 6 |
$13,715,940 |
$5,035,228
$822,956 |
$7,857,756 |
| 7 |
$14,401,380 |
$5,288,841
$864,083 |
$8,248,456 |
| 8 |
$15,121,806 |
$5,555,399
$907,308 |
$8,659,099 |
| 9 |
$15,877,932 |
$5,835,165
$952,676 |
$9,090,091 |
| 10 |
$16,671,900 |
$6,128,933
$1,000,314 |
$9,542,653 |
| 11 |
$17,505,138 |
$6,437,231
$1,050,308 |
$10,017,599 |
| 12 |
$18,380,502 |
$6,761,116
$1,102,830 |
$10,516,556 |
| 13 |
$19,299,420 |
$7,101,116
$1,157,965 |
$11,040,339 |
| 14 |
$20,264,748 |
$7,458,287
$1,215,885 |
$11,590,576 |
| 15 |
$21,277,914 |
$7,833,159
$1,276,675 |
$12,168,080 |
| 16 |
$22,341,774 |
$8,226,787
$1,340,506 |
$12,774,481 |
| 17 |
$23,458,470 |
$8,639,964
$1,407,508 |
$13,410,998 |
| 18 |
$24,631,572 |
$9,074,012
$1,477,894 |
$14,079,666 |
| 19 |
$25,863,222 |
$9,529,723
$1,551,793 |
$14,781,706 |
| 20 |
$27,156,276 |
$10,008,153
$1,629,377 |
$15,518,746 |
| 21 |
$28,514,304 |
$10,510,623
$1,710,858 |
$16,292,823 |
| 22 |
$29,940,162 |
$11,038,190
$1,796,410 |
$17,105,562 |
| 23 |
$31,436,706 |
$11,591,912
$1,886,202 |
$17,958,592 |
| 24 |
$33,008,934 |
$12,173,636
$1,980,536 |
$18,854,762 |
| 25 |
$34,658,988 |
$12,784,156
$2,079,539 |
$19,795,293 |
| 26 |
$36,392,580 |
$13,425,585
$2,183,555 |
$20,783,440 |
| 27 |
$38,211,852 |
$14,098,716
$2,292,711 |
$21,820,425 |
| 28 |
$40,122,516 |
$14,805,661
$2,407,351 |
$22,909,504 |
| 29 |
$42,128,856 |
$15,548,007
$2,527,731 |
$24,053,118 |
| 30 |
$44,235,156 |
$16,327,338
$2,654,109 |
$25,253,709 |
|
|
