USA Mega

Vermont Mega Millions Jackpot Annuity Payout Schedule for Apr 10, 2020

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The tax information provided here is based on 2021 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 $136,000,000 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, Apr 10, 2020
Jackpot:$136,000,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,046,995$721,460$179,112$1,146,423
2$2,149,345$759,330$188,068$1,201,947
3$2,256,812$799,093$197,471$1,260,248
4$2,369,653$840,844$207,345$1,321,464
5$2,488,135$884,682$217,712$1,385,741
6$2,612,542$930,713$228,597$1,453,232
7$2,743,169$979,045$240,027$1,524,097
8$2,880,328$1,029,794$252,029$1,598,506
9$3,024,344$1,083,080$264,630$1,676,634
10$3,175,561$1,139,030$277,862$1,758,670
11$3,334,339$1,197,778$291,755$1,844,807
12$3,501,056$1,259,463$306,342$1,935,251
13$3,676,109$1,324,233$321,660$2,030,217
14$3,859,915$1,392,241$337,743$2,129,931
15$4,052,910$1,463,649$354,630$2,234,632
16$4,255,556$1,538,628$372,361$2,344,567
17$4,468,334$1,617,356$390,979$2,459,999
18$4,691,750$1,700,020$410,528$2,581,202
19$4,926,338$1,786,817$431,055$2,708,466
20$5,172,655$1,877,955$452,607$2,842,093
21$5,431,288$1,973,649$475,238$2,982,401
22$5,702,852$2,074,127$499,000$3,129,725
23$5,987,995$2,179,630$523,950$3,284,415
24$6,287,394$2,290,408$550,147$3,446,839
25$6,601,764$2,406,725$577,654$3,617,385
26$6,931,852$2,528,858$606,537$3,796,458
27$7,278,445$2,657,097$636,864$3,984,484
28$7,642,367$2,791,748$668,707$4,181,912
29$8,024,485$2,933,132$702,142$4,389,211
30$8,425,710$3,081,585$737,250$4,606,875
Total$136,000,000$49,242,170$11,900,002$74,857,832

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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.