USA Mega

Vermont Mega Millions Jackpot Annuity Payout Schedule for Jul 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 2024 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 $660,000,000 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, Jul 22, 2022
Jackpot:$660,000,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,933,947$3,633,748$869,220$5,430,979
2$10,430,645$3,817,526$912,681$5,700,437
3$10,952,177$4,010,493$958,315$5,983,368
4$11,499,786$4,213,109$1,006,231$6,280,446
5$12,074,775$4,425,854$1,056,543$6,592,377
6$12,678,514$4,649,238$1,109,370$6,919,906
7$13,312,440$4,883,790$1,164,838$7,263,811
8$13,978,061$5,130,070$1,223,080$7,624,911
9$14,676,965$5,388,665$1,284,234$8,004,065
10$15,410,813$5,660,188$1,348,446$8,402,178
11$16,181,353$5,945,288$1,415,868$8,820,196
12$16,990,421$6,244,643$1,486,662$9,259,116
13$17,839,942$6,558,966$1,560,995$9,719,981
14$18,731,939$6,889,005$1,639,045$10,203,889
15$19,668,536$7,235,546$1,720,997$10,711,993
16$20,651,963$7,599,414$1,807,047$11,245,502
17$21,684,561$7,981,475$1,897,399$11,805,686
18$22,768,789$8,382,640$1,992,269$12,393,880
19$23,907,228$8,803,862$2,091,882$13,011,484
20$25,102,590$9,246,146$2,196,477$13,659,967
21$26,357,719$9,710,544$2,306,300$14,340,875
22$27,675,605$10,198,162$2,421,615$15,055,828
23$29,059,386$10,710,160$2,542,696$15,806,529
24$30,512,354$11,247,759$2,669,831$16,594,765
25$32,037,972$11,812,237$2,803,323$17,422,412
26$33,639,871$12,404,940$2,943,489$18,291,442
27$35,321,865$13,027,278$3,090,663$19,203,924
28$37,087,958$13,680,732$3,245,196$20,162,029
29$38,942,356$14,366,859$3,407,456$21,168,040
30$40,889,474$15,087,293$3,577,829$22,224,352
Total$660,000,001$242,945,630$57,749,997$359,304,368

◄ 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.