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Vermont Mega Millions Jackpot Annuity Payout Schedule for Mar 7, 2023

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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 $188,000,000 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:Tue, Mar 7, 2023
Jackpot:$188,000,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,829,670$1,003,998$247,596$1,578,076
2$2,971,153$1,056,347$259,976$1,654,830
3$3,119,711$1,111,313$272,975$1,735,423
4$3,275,697$1,169,028$286,623$1,820,045
5$3,439,481$1,229,628$300,955$1,908,898
6$3,611,455$1,293,259$316,002$2,002,194
7$3,792,028$1,360,071$331,802$2,100,155
8$3,981,630$1,430,223$348,393$2,203,014
9$4,180,711$1,503,883$365,812$2,311,016
10$4,389,747$1,581,226$384,103$2,424,417
11$4,609,234$1,662,437$403,308$2,543,489
12$4,839,696$1,747,708$423,473$2,668,515
13$5,081,680$1,837,242$444,647$2,799,791
14$5,335,764$1,931,253$466,879$2,937,632
15$5,602,553$2,029,965$490,223$3,082,365
16$5,882,680$2,133,612$514,735$3,234,334
17$6,176,814$2,242,442$540,471$3,393,901
18$6,485,655$2,356,713$567,495$3,561,448
19$6,809,938$2,476,697$595,870$3,737,371
20$7,150,435$2,602,681$625,663$3,922,091
21$7,507,956$2,734,964$656,946$4,116,046
22$7,883,354$2,873,861$689,793$4,319,699
23$8,277,522$3,019,703$724,283$4,533,535
24$8,691,398$3,172,837$760,497$4,758,063
25$9,125,968$3,333,628$798,522$4,993,817
26$9,582,266$3,502,459$838,448$5,241,359
27$10,061,380$3,679,731$880,371$5,501,278
28$10,564,449$3,865,866$924,389$5,774,193
29$11,092,671$4,061,309$970,609$6,060,754
30$11,647,305$4,266,523$1,019,139$6,361,643
Total$188,000,000$68,270,607$16,449,998$103,279,392

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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.