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Vermont Mega Millions Jackpot Annuity Payout Schedule for Nov 18, 2022

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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 $238,000,000 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:Fri, Nov 18, 2022
Jackpot:$238,000,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,582,242$1,282,450$313,446$1,986,346
2$3,761,354$1,348,721$329,118$2,083,514
3$3,949,421$1,418,306$345,574$2,185,541
4$4,146,892$1,491,370$362,853$2,292,669
5$4,354,237$1,568,088$380,996$2,405,153
6$4,571,949$1,648,641$400,046$2,523,262
7$4,800,546$1,733,222$420,048$2,647,276
8$5,040,574$1,822,033$441,050$2,777,491
9$5,292,602$1,915,283$463,103$2,914,217
10$5,557,232$2,013,196$486,258$3,057,778
11$5,835,094$2,116,005$510,571$3,208,518
12$6,126,849$2,223,954$536,099$3,366,795
13$6,433,191$2,337,301$562,904$3,532,986
14$6,754,851$2,456,315$591,049$3,707,486
15$7,092,593$2,581,280$620,602$3,890,712
16$7,447,223$2,712,493$651,632$4,083,098
17$7,819,584$2,850,266$684,214$4,285,104
18$8,210,563$2,994,929$718,424$4,497,210
19$8,621,091$3,146,824$754,345$4,719,922
20$9,052,146$3,306,314$792,063$4,953,769
21$9,504,753$3,473,779$831,666$5,199,308
22$9,979,991$3,649,617$873,249$5,457,125
23$10,478,991$3,834,247$916,912$5,727,832
24$11,002,940$4,028,108$962,757$6,012,075
25$11,553,087$4,231,662$1,010,895$6,310,529
26$12,130,741$4,445,395$1,061,440$6,623,907
27$12,737,279$4,669,813$1,114,512$6,952,953
28$13,374,142$4,905,453$1,170,237$7,298,452
29$14,042,849$5,152,875$1,228,749$7,661,226
30$14,744,992$5,412,667$1,290,187$8,042,138
Total$238,000,000$86,770,607$20,824,999$130,404,392

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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.