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Vermont Mega Millions Jackpot Annuity Payout Schedule for Jul 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 $450,000,000 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, Jul 7, 2023
Jackpot:$450,000,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,773,146$2,463,084$592,650$3,717,411
2$7,111,803$2,588,387$622,283$3,901,133
3$7,467,393$2,719,956$653,397$4,094,041
4$7,840,763$2,858,103$686,067$4,296,594
5$8,232,801$3,003,157$720,370$4,509,274
6$8,644,441$3,155,463$756,389$4,732,589
7$9,076,663$3,315,386$794,208$4,967,070
8$9,530,496$3,483,304$833,918$5,213,274
9$10,007,021$3,659,618$875,614$5,471,789
10$10,507,372$3,844,748$919,395$5,743,229
11$11,032,741$4,039,134$965,365$6,028,242
12$11,584,378$4,243,240$1,013,633$6,327,505
13$12,163,597$4,457,551$1,064,315$6,641,731
14$12,771,777$4,682,578$1,117,530$6,971,669
15$13,410,365$4,918,855$1,173,407$7,318,103
16$14,080,884$5,166,947$1,232,077$7,681,859
17$14,784,928$5,427,444$1,293,681$8,063,803
18$15,524,174$5,700,965$1,358,365$8,464,844
19$16,300,383$5,988,162$1,426,283$8,885,937
20$17,115,402$6,289,719$1,497,598$9,328,085
21$17,971,172$6,606,354$1,572,478$9,792,341
22$18,869,731$6,938,821$1,651,101$10,279,809
23$19,813,217$7,287,911$1,733,657$10,791,650
24$20,803,878$7,654,455$1,820,339$11,329,084
25$21,844,072$8,039,327$1,911,356$11,893,389
26$22,936,276$8,443,442$2,006,924$12,485,909
27$24,083,090$8,867,763$2,107,270$13,108,056
28$25,287,244$9,313,300$2,212,634$13,761,309
29$26,551,606$9,781,114$2,323,266$14,447,226
30$27,879,187$10,272,319$2,439,429$15,167,438
Total$450,000,001$165,210,607$39,374,999$245,414,393

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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.