USA Mega

Vermont Mega Millions Jackpot Annuity Payout Schedule for Oct 23, 2018

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The tax information provided here is based on 2025 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 $1,537,000,000 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, Oct 23, 2018
Jackpot:$1,537,000,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$23,134,056$8,516,621$2,024,230$12,593,205
2$24,290,759$8,944,601$2,125,441$13,220,716
3$25,505,296$9,393,980$2,231,713$13,879,603
4$26,780,562$9,865,828$2,343,299$14,571,435
5$28,119,589$10,361,268$2,460,464$15,297,857
6$29,525,569$10,881,481$2,583,487$16,060,601
7$31,001,848$11,427,704$2,712,662$16,861,482
8$32,551,940$12,001,238$2,848,295$17,702,407
9$34,179,537$12,603,449$2,990,709$18,585,379
10$35,888,513$13,235,770$3,140,245$19,512,498
11$37,682,939$13,899,708$3,297,257$20,485,974
12$39,567,086$14,596,842$3,462,120$21,508,124
13$41,545,440$15,328,833$3,635,226$22,581,381
14$43,622,713$16,097,424$3,816,987$23,708,301
15$45,803,848$16,904,444$4,007,837$24,891,567
16$48,094,041$17,751,815$4,208,229$26,133,997
17$50,498,742$18,641,555$4,418,640$27,438,547
18$53,023,680$19,575,782$4,639,572$28,808,326
19$55,674,863$20,556,720$4,871,551$30,246,593
20$58,458,607$21,586,705$5,115,128$31,756,774
21$61,381,537$22,668,189$5,370,884$33,342,463
22$64,450,614$23,803,747$5,639,429$35,007,438
23$67,673,145$24,996,084$5,921,400$36,755,661
24$71,056,801$26,248,037$6,217,470$38,591,294
25$74,609,641$27,562,587$6,528,344$40,518,710
26$78,340,125$28,942,866$6,854,761$42,542,497
27$82,257,131$30,392,159$7,197,499$44,667,473
28$86,369,986$31,913,915$7,557,374$46,898,697
29$90,688,486$33,511,760$7,935,242$49,241,483
30$95,222,911$35,189,497$8,332,005$51,701,409
Total$1,537,000,003$567,400,609$134,487,500$835,111,892

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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.