USA Mega

Vermont Mega Millions Jackpot Annuity Payout Schedule for Feb 13, 1998

Media: You may freely use any information on this page, but you must credit usamega.com.

The tax information provided here is based on 2024 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 $15,000,000 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:Fri, Feb 13, 1998
Jackpot:$15,000,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$225,772$49,933$19,755$156,083
2$237,060$53,546$20,743$162,772
3$248,913$57,494$21,780$169,639
4$261,359$61,850$22,869$176,640
5$274,427$66,424$24,012$183,990
6$288,148$71,227$25,213$191,709
7$302,555$76,269$26,474$199,813
8$317,683$81,564$27,797$208,322
9$333,567$87,123$29,187$217,257
10$350,246$92,961$30,647$226,638
11$367,758$99,090$32,179$236,489
12$386,146$105,526$33,788$246,832
13$405,453$112,283$35,477$257,693
14$425,726$119,379$37,251$269,096
15$447,012$126,829$39,114$281,070
16$469,363$134,652$41,069$293,642
17$492,831$142,866$43,123$306,843
18$517,472$151,490$45,279$320,704
19$543,346$160,546$47,543$335,257
20$570,513$170,054$49,920$350,539
21$599,039$180,038$52,416$366,585
22$628,991$190,914$55,037$383,040
23$660,441$202,551$57,789$400,101
24$693,463$214,769$60,678$418,016
25$728,136$227,598$63,712$436,826
26$764,543$241,068$66,897$456,577
27$802,770$255,213$70,242$477,315
28$842,908$270,064$73,754$499,090
29$885,054$285,658$77,442$521,954
30$929,306$302,031$81,314$545,961
Total$15,000,000$4,391,010$1,312,501$9,296,493

◄ Back to Jackpot Analysis

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.