USA Mega

Vermont Mega Millions Jackpot Annuity Payout Schedule for Nov 22, 2022

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 $259,000,000 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:Tue, Nov 22, 2022
Jackpot:$259,000,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,898,322$1,405,334$341,103$2,151,885
2$4,093,238$1,477,453$358,158$2,257,627
3$4,297,900$1,553,178$376,066$2,368,656
4$4,512,795$1,632,689$394,870$2,485,236
5$4,738,434$1,716,176$414,613$2,607,646
6$4,975,356$1,803,837$435,344$2,736,176
7$5,224,124$1,895,881$457,111$2,871,132
8$5,485,330$1,992,527$479,966$3,012,837
9$5,759,597$2,094,006$503,965$3,161,626
10$6,047,576$2,200,558$529,163$3,317,855
11$6,349,955$2,312,438$555,621$3,481,896
12$6,667,453$2,429,913$583,402$3,654,138
13$7,000,826$2,553,261$612,572$3,834,993
14$7,350,867$2,682,776$643,201$4,024,890
15$7,718,410$2,818,767$675,361$4,224,283
16$8,104,331$2,961,557$709,129$4,433,645
17$8,509,547$3,111,488$744,585$4,653,474
18$8,935,025$3,268,914$781,815$4,884,296
19$9,381,776$3,434,212$820,905$5,126,658
20$9,850,865$3,607,775$861,951$5,381,139
21$10,343,408$3,790,016$905,048$5,648,344
22$10,860,578$3,981,369$950,301$5,928,909
23$11,403,607$4,182,290$997,816$6,223,502
24$11,973,788$4,393,256$1,047,706$6,532,825
25$12,572,477$4,614,771$1,100,092$6,857,614
26$13,201,101$4,847,362$1,155,096$7,198,642
27$13,861,156$5,091,583$1,212,851$7,556,722
28$14,554,214$5,348,014$1,273,494$7,932,706
29$15,281,924$5,617,267$1,337,168$8,327,489
30$16,046,021$5,899,983$1,404,027$8,742,011
Total$259,000,001$94,718,651$22,662,500$141,618,852

◄ 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.