USA Mega

Vermont Mega Millions Jackpot Annuity Payout Schedule for Oct 3, 2014

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

The tax information provided here is based on 2022 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 $120,000,000 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 prize money, as well as deductions claimed.

State:

Vermont

Drawing Date:Fri, Oct 3, 2014
Jackpot:$120,000,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,806,172$631,239$158,040$1,016,893
2$1,896,481$664,653$165,942$1,065,886
3$1,991,305$699,738$174,239$1,117,328
4$2,090,870$736,577$182,951$1,171,342
5$2,195,414$775,258$192,099$1,228,057
6$2,305,184$815,873$201,704$1,287,607
7$2,420,444$858,519$211,789$1,350,136
8$2,541,466$903,297$222,378$1,415,790
9$2,668,539$950,314$233,497$1,484,727
10$2,801,966$999,682$245,172$1,557,112
11$2,942,064$1,051,519$257,431$1,633,115
12$3,089,167$1,105,947$270,302$1,712,918
13$3,243,626$1,163,097$283,817$1,796,712
14$3,405,807$1,223,104$298,008$1,884,695
15$3,576,097$1,286,111$312,909$1,977,078
16$3,754,902$1,352,269$328,554$2,074,080
17$3,942,647$1,421,735$344,982$2,175,931
18$4,139,780$1,494,674$362,231$2,282,876
19$4,346,769$1,571,259$380,342$2,395,167
20$4,564,107$1,651,675$399,359$2,513,073
21$4,792,313$1,736,111$419,327$2,636,875
22$5,031,928$1,824,768$440,294$2,766,866
23$5,283,525$1,917,859$462,308$2,903,357
24$5,547,701$2,015,604$485,424$3,046,673
25$5,825,086$2,118,237$509,695$3,197,154
26$6,116,340$2,226,001$535,180$3,355,160
27$6,422,157$2,339,153$561,939$3,521,065
28$6,743,265$2,457,963$590,036$3,695,266
29$7,080,428$2,582,713$619,537$3,878,177
30$7,434,450$2,713,701$650,514$4,070,234
Total$120,000,000$43,288,650$10,500,000$66,211,350

◄ 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.