USA Mega

Vermont Mega Millions Jackpot Annuity Payout Schedule for Jul 18, 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 $640,000,000 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, Jul 18, 2023
Jackpot:$640,000,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,632,918$3,522,368$842,880$5,267,670
2$10,114,564$3,700,577$885,024$5,528,963
3$10,620,292$3,887,696$929,276$5,803,321
4$11,151,308$4,084,172$975,739$6,091,397
5$11,708,872$4,290,471$1,024,526$6,393,875
6$12,294,316$4,507,085$1,075,753$6,711,479
7$12,909,032$4,734,530$1,129,540$7,044,962
8$13,554,484$4,973,347$1,186,017$7,395,120
9$14,232,208$5,224,105$1,245,318$7,762,785
10$14,943,818$5,487,400$1,307,584$8,148,834
11$15,691,009$5,763,861$1,372,963$8,554,185
12$16,475,560$6,054,145$1,441,611$8,979,803
13$17,299,338$6,358,943$1,513,692$9,426,703
14$18,164,305$6,678,980$1,589,377$9,895,948
15$19,072,520$7,015,020$1,668,845$10,388,654
16$20,026,146$7,367,862$1,752,288$10,905,996
17$21,027,453$7,738,345$1,839,902$11,449,205
18$22,078,826$8,127,353$1,931,897$12,019,575
19$23,182,767$8,535,811$2,028,492$12,618,463
20$24,341,905$8,964,693$2,129,917$13,247,296
21$25,559,000$9,415,018$2,236,413$13,907,570
22$26,836,950$9,887,859$2,348,233$14,600,858
23$28,178,798$10,384,343$2,465,645$15,328,810
24$29,587,738$10,905,651$2,588,927$16,093,160
25$31,067,124$11,453,024$2,718,373$16,895,727
26$32,620,481$12,027,766$2,854,292$17,738,423
27$34,251,505$12,631,245$2,997,007$18,623,254
28$35,964,080$13,264,897$3,146,857$19,552,326
29$37,762,284$13,930,233$3,304,200$20,527,851
30$39,650,399$14,628,835$3,469,410$21,552,154
Total$640,000,001$235,545,635$55,999,998$348,454,367

◄ 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.