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Vermont Mega Millions Jackpot Annuity Payout Schedule for Sep 9, 2022

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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 $210,000,000 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, Sep 9, 2022
Jackpot:$210,000,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,160,801$1,127,684$276,570$1,756,547
2$3,318,841$1,186,159$290,399$1,842,284
3$3,484,783$1,247,558$304,919$1,932,307
4$3,659,023$1,312,026$320,164$2,026,832
5$3,841,974$1,379,718$336,173$2,126,083
6$4,034,072$1,450,795$352,981$2,230,297
7$4,235,776$1,525,425$370,630$2,339,721
8$4,447,565$1,603,787$389,162$2,454,616
9$4,669,943$1,686,067$408,620$2,575,256
10$4,903,440$1,772,461$429,051$2,701,929
11$5,148,612$1,863,174$450,504$2,834,934
12$5,406,043$1,958,424$473,029$2,974,591
13$5,676,345$2,058,435$496,680$3,121,229
14$5,960,162$2,163,448$521,514$3,275,200
15$6,258,171$2,273,711$547,590$3,436,870
16$6,571,079$2,389,487$574,969$3,606,623
17$6,899,633$2,511,052$603,718$3,784,863
18$7,244,615$2,638,695$633,904$3,972,016
19$7,606,845$2,772,721$665,599$4,168,526
20$7,987,188$2,913,447$698,879$4,374,862
21$8,386,547$3,061,210$733,823$4,591,514
22$8,805,874$3,216,361$770,514$4,818,999
23$9,246,168$3,379,270$809,040$5,057,858
24$9,708,476$3,550,324$849,492$5,308,661
25$10,193,900$3,729,931$891,966$5,572,003
26$10,703,595$3,918,518$936,565$5,848,513
27$11,238,775$4,116,535$983,393$6,138,848
28$11,800,714$4,324,452$1,032,562$6,443,699
29$12,390,749$4,542,765$1,084,191$6,763,794
30$13,010,287$4,771,994$1,138,400$7,099,893
Total$210,000,000$76,445,634$18,375,001$115,179,368

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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.