The jackpot for the MEGA Millions draw on Fri May 23, 2025, is projected to be $154 Million, with an option for a cash payout of $69 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 23, 2025 |
| Draw Date |
Fri May 23, 2025 |
| Projected Jackpot |
$154,000,000 |
| Cash Value |
$69,000,000 |
| Lumpsum Option Taxes and Payment |
| Cash Gross Payment |
$69,000,000 |
| Federal Tax(24%) |
$16,560,000 |
| Additional Federal Tax |
$8,930,330 |
| State Tax(6%) |
$4,140,000 |
| Net Lumpsum Payment |
$39,369,670 |
| Annuity Payment in 30 Installations |
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,317,854 |
$817,936
$139,071 |
$1,360,847 |
| 2 |
$2,433,816 |
$860,842
$146,029 |
$1,426,945 |
| 3 |
$2,555,476 |
$905,857
$153,329 |
$1,496,290 |
| 4 |
$2,683,296 |
$953,150
$160,998 |
$1,569,148 |
| 5 |
$2,817,430 |
$1,002,779
$169,046 |
$1,645,605 |
| 6 |
$2,958,340 |
$1,054,916
$177,500 |
$1,725,924 |
| 7 |
$3,106,180 |
$1,109,617
$186,371 |
$1,810,192 |
| 8 |
$3,261,566 |
$1,167,110
$195,694 |
$1,898,762 |
| 9 |
$3,424,652 |
$1,227,452
$205,479 |
$1,991,721 |
| 10 |
$3,595,900 |
$1,290,813
$215,754 |
$2,089,333 |
| 11 |
$3,775,618 |
$1,357,309
$226,537 |
$2,191,772 |
| 12 |
$3,964,422 |
$1,427,167
$237,865 |
$2,299,390 |
| 13 |
$4,162,620 |
$1,500,500
$249,757 |
$2,412,363 |
| 14 |
$4,370,828 |
$1,577,537
$262,250 |
$2,531,041 |
| 15 |
$4,589,354 |
$1,658,391
$275,361 |
$2,655,602 |
| 16 |
$4,818,814 |
$1,743,292
$289,129 |
$2,786,393 |
| 17 |
$5,059,670 |
$1,832,408
$303,580 |
$2,923,682 |
| 18 |
$5,312,692 |
$1,926,026
$318,762 |
$3,067,904 |
| 19 |
$5,578,342 |
$2,024,317
$334,701 |
$3,219,324 |
| 20 |
$5,857,236 |
$2,127,508
$351,434 |
$3,378,294 |
| 21 |
$6,150,144 |
$2,235,884
$369,009 |
$3,545,251 |
| 22 |
$6,457,682 |
$2,349,673
$387,461 |
$3,720,548 |
| 23 |
$6,780,466 |
$2,469,103
$406,828 |
$3,904,535 |
| 24 |
$7,119,574 |
$2,594,573
$427,174 |
$4,097,827 |
| 25 |
$7,475,468 |
$2,726,254
$448,528 |
$4,300,686 |
| 26 |
$7,849,380 |
$2,864,601
$470,963 |
$4,513,816 |
| 27 |
$8,241,772 |
$3,009,786
$494,506 |
$4,737,480 |
| 28 |
$8,653,876 |
$3,162,265
$519,233 |
$4,972,378 |
| 29 |
$9,086,616 |
$3,322,378
$545,197 |
$5,219,041 |
| 30 |
$9,540,916 |
$3,490,469
$572,455 |
$5,477,992 |
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