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Vermont Mega Millions Jackpot Annuity Payout Schedule for Jul 29, 2022

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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 $1,337,000,000 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 29, 2022
Jackpot:$1,337,000,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$20,123,769$7,408,749$1,760,830$10,954,189
2$21,129,957$7,781,039$1,848,871$11,500,047
3$22,186,455$8,171,943$1,941,315$12,073,197
4$23,295,778$8,582,393$2,038,381$12,675,005
5$24,460,566$9,013,364$2,140,300$13,306,902
6$25,683,595$9,465,885$2,247,315$13,970,395
7$26,967,775$9,941,032$2,359,680$14,667,063
8$28,316,164$10,439,936$2,477,664$15,398,564
9$29,731,972$10,963,785$2,601,548$16,166,640
10$31,218,570$11,513,826$2,731,625$16,973,119
11$32,779,499$12,091,370$2,868,206$17,819,923
12$34,418,474$12,697,790$3,011,616$18,709,067
13$36,139,397$13,334,532$3,162,197$19,642,668
14$37,946,368$14,003,111$3,320,307$20,622,949
15$39,843,686$14,705,119$3,486,322$21,652,244
16$41,835,870$15,442,227$3,660,639$22,733,005
17$43,927,663$16,216,190$3,843,671$23,867,802
18$46,124,047$17,028,852$4,035,854$25,059,340
19$48,430,249$17,882,147$4,237,647$26,310,455
20$50,851,761$18,778,107$4,449,529$27,624,126
21$53,394,349$19,718,864$4,672,006$29,003,479
22$56,064,067$20,706,660$4,905,606$30,451,801
23$58,867,270$21,743,845$5,150,886$31,972,539
24$61,810,633$22,832,889$5,408,430$33,569,313
25$64,901,165$23,976,386$5,678,852$35,245,927
26$68,146,224$25,177,058$5,962,795$37,006,372
27$71,553,535$26,437,763$6,260,934$38,854,838
28$75,131,211$27,761,503$6,573,981$40,795,727
29$78,887,772$29,151,431$6,902,680$42,833,661
30$82,832,161$30,610,855$7,247,814$44,973,492
Total$1,337,000,003$493,578,651$116,987,501$726,433,849

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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.