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Vermont Mega Millions Jackpot Annuity Payout Schedule for Jul 23, 2021

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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 $140,000,000 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, Jul 23, 2021
Jackpot:$140,000,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,107,201$743,737$184,380$1,179,084
2$2,212,561$782,720$193,599$1,236,242
3$2,323,189$823,652$203,279$1,296,258
4$2,439,349$866,631$213,443$1,359,274
5$2,561,316$911,759$224,115$1,425,442
6$2,689,382$959,143$235,321$1,494,917
7$2,823,851$1,008,897$247,087$1,567,867
8$2,965,043$1,061,138$259,441$1,644,464
9$3,113,296$1,115,992$272,413$1,724,891
10$3,268,960$1,173,588$286,034$1,809,339
11$3,432,408$1,234,063$300,336$1,898,009
12$3,604,029$1,297,563$315,353$1,991,113
13$3,784,230$1,364,237$331,120$2,088,873
14$3,973,442$1,434,246$347,676$2,191,520
15$4,172,114$1,507,754$365,060$2,299,299
16$4,380,719$1,584,938$383,313$2,412,468
17$4,599,755$1,665,982$402,479$2,531,295
18$4,829,743$1,751,077$422,603$2,656,063
19$5,071,230$1,840,427$443,733$2,787,070
20$5,324,792$1,934,245$465,919$2,924,627
21$5,591,031$2,032,754$489,215$3,069,062
22$5,870,583$2,136,188$513,676$3,220,719
23$6,164,112$2,244,794$539,360$3,379,959
24$6,472,318$2,358,830$566,328$3,547,160
25$6,795,933$2,478,568$594,644$3,722,722
26$7,135,730$2,604,292$624,376$3,907,061
27$7,492,517$2,736,303$655,595$4,100,618
28$7,867,143$2,874,915$688,375$4,303,853
29$8,260,500$3,020,457$722,794$4,517,249
30$8,673,525$3,173,276$758,933$4,741,315
Total$140,000,000$50,722,166$12,250,000$77,027,833

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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.