USA Mega

Vermont Mega Millions Jackpot Annuity Payout Schedule for Jun 13, 2023

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 $260,000,000 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, Jun 13, 2023
Jackpot:$260,000,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,913,373$1,406,136$342,420$2,164,817
2$4,109,042$1,478,533$359,541$2,270,967
3$4,314,494$1,554,550$377,518$2,382,425
4$4,530,219$1,634,369$396,394$2,499,456
5$4,756,729$1,718,178$416,214$2,622,338
6$4,994,566$1,806,177$437,025$2,751,364
7$5,244,294$1,898,577$458,876$2,886,842
8$5,506,509$1,995,596$481,820$3,029,093
9$5,781,835$2,097,467$505,911$3,178,457
10$6,070,926$2,204,430$531,206$3,335,290
11$6,374,473$2,316,743$557,766$3,499,964
12$6,693,196$2,434,670$585,655$3,672,871
13$7,027,856$2,558,494$614,937$3,854,424
14$7,379,249$2,688,510$645,684$4,045,055
15$7,748,211$2,825,026$677,968$4,245,217
16$8,135,622$2,968,368$711,867$4,455,387
17$8,542,403$3,118,877$747,460$4,676,066
18$8,969,523$3,276,911$784,833$4,907,778
19$9,417,999$3,442,847$824,075$5,151,077
20$9,888,899$3,617,080$865,279$5,406,540
21$10,383,344$3,800,025$908,543$5,674,776
22$10,902,511$3,992,117$953,970$5,956,425
23$11,447,637$4,193,813$1,001,668$6,252,155
24$12,020,018$4,405,595$1,051,752$6,562,672
25$12,621,019$4,627,965$1,104,339$6,888,715
26$13,252,071$4,861,454$1,159,556$7,231,061
27$13,914,674$5,106,617$1,217,534$7,590,523
28$14,610,408$5,364,039$1,278,411$7,967,958
29$15,340,928$5,634,331$1,342,331$8,364,266
30$16,107,974$5,918,138$1,409,448$8,780,388
Total$260,000,001$94,945,633$22,750,001$142,304,367

◄ 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.