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Vermont Mega Millions Jackpot Annuity Payout Schedule for Sep 23, 2025

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The tax information provided here is based on 2026 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Mega Millions annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $451,000,000 for a ticket purchased in Vermont, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Vermont

Drawing Date:Tue, Sep 23, 2025
Jackpot:$451,000,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,788,197$2,467,590$593,967$3,726,640
2$7,127,607$2,593,172$623,666$3,910,770
3$7,483,987$2,725,033$654,849$4,104,106
4$7,858,187$2,863,486$687,591$4,307,109
5$8,251,096$3,008,863$721,971$4,520,262
6$8,663,651$3,161,508$758,069$4,744,073
7$9,096,834$3,321,786$795,973$4,979,075
8$9,551,675$3,490,077$835,772$5,225,827
9$10,029,259$3,666,783$877,560$5,484,916
10$10,530,722$3,852,324$921,438$5,756,959
11$11,057,258$4,047,143$967,510$6,042,605
12$11,610,121$4,251,702$1,015,886$6,342,533
13$12,190,627$4,466,489$1,066,680$6,657,458
14$12,800,158$4,692,016$1,120,014$6,988,129
15$13,440,166$4,928,819$1,176,015$7,335,333
16$14,112,175$5,177,462$1,234,815$7,699,898
17$14,817,783$5,438,537$1,296,556$8,082,690
18$15,558,672$5,712,666$1,361,384$8,484,623
19$16,336,606$6,000,501$1,429,453$8,906,651
20$17,153,436$6,302,729$1,500,926$9,349,782
21$18,011,108$6,620,067$1,575,972$9,815,069
22$18,911,663$6,953,273$1,654,771$10,303,620
23$19,857,247$7,303,139$1,737,509$10,816,599
24$20,850,109$7,670,498$1,824,385$11,355,227
25$21,892,614$8,056,225$1,915,604$11,920,786
26$22,987,245$8,461,238$2,011,384$12,514,623
27$24,136,608$8,886,502$2,111,953$13,138,152
28$25,343,438$9,333,029$2,217,551$13,792,858
29$26,610,610$9,801,883$2,328,428$14,480,298
30$27,941,140$10,294,179$2,444,850$15,202,111
Total$451,000,001$165,548,719$39,462,502$245,988,782

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.