USA Mega

Vermont Mega Millions Jackpot Annuity Payout Schedule for Jan 5, 2018

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 $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 prize money, as well as deductions claimed.

State:

Vermont

Drawing Date:Fri, Jan 5, 2018
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$2,474,588$593,967$3,719,642
2$7,127,607$2,600,170$623,666$3,903,772
3$7,483,987$2,732,030$654,849$4,097,108
4$7,858,187$2,870,484$687,591$4,300,111
5$8,251,096$3,015,861$721,971$4,513,265
6$8,663,651$3,168,506$758,069$4,737,076
7$9,096,834$3,328,783$795,973$4,972,077
8$9,551,675$3,497,075$835,772$5,218,829
9$10,029,259$3,673,781$877,560$5,477,918
10$10,530,722$3,859,322$921,438$5,749,962
11$11,057,258$4,054,140$967,510$6,035,608
12$11,610,121$4,258,700$1,015,886$6,335,536
13$12,190,627$4,473,487$1,066,680$6,650,460
14$12,800,158$4,699,014$1,120,014$6,981,131
15$13,440,166$4,935,816$1,176,015$7,328,335
16$14,112,175$5,184,460$1,234,815$7,692,900
17$14,817,783$5,445,535$1,296,556$8,075,692
18$15,558,672$5,719,664$1,361,384$8,477,625
19$16,336,606$6,007,499$1,429,453$8,899,654
20$17,153,436$6,309,726$1,500,926$9,342,784
21$18,011,108$6,627,065$1,575,972$9,808,071
22$18,911,663$6,960,270$1,654,771$10,296,622
23$19,857,247$7,310,136$1,737,509$10,809,601
24$20,850,109$7,677,495$1,824,385$11,348,229
25$21,892,614$8,063,222$1,915,604$11,913,788
26$22,987,245$8,468,236$2,011,384$12,507,626
27$24,136,608$8,893,500$2,111,953$13,131,155
28$25,343,438$9,340,027$2,217,551$13,785,860
29$26,610,610$9,808,881$2,328,428$14,473,301
30$27,941,140$10,301,177$2,444,850$15,195,114
Total$451,000,001$165,758,650$39,462,502$245,778,852

◄ 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.