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Vermont Mega Millions Jackpot Annuity Payout Schedule for Sep 12, 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 $141,000,000 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, Sep 12, 2023
Jackpot:$141,000,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,122,252$742,254$185,697$1,194,302
2$2,228,365$781,515$194,982$1,251,868
3$2,339,783$822,740$204,731$1,312,312
4$2,456,772$866,026$214,968$1,375,779
5$2,579,611$911,476$225,716$1,442,419
6$2,708,592$959,199$237,002$1,512,391
7$2,844,021$1,009,308$248,852$1,585,861
8$2,986,222$1,061,922$261,294$1,663,005
9$3,135,533$1,117,168$274,359$1,744,007
10$3,292,310$1,175,175$288,077$1,829,058
11$3,456,925$1,236,083$302,481$1,918,362
12$3,629,772$1,300,036$317,605$2,012,131
13$3,811,260$1,367,187$333,485$2,110,588
14$4,001,823$1,437,695$350,160$2,213,969
15$4,201,914$1,511,729$367,668$2,322,518
16$4,412,010$1,589,464$386,051$2,436,495
17$4,632,611$1,671,086$405,353$2,556,171
18$4,864,241$1,756,790$425,621$2,681,831
19$5,107,453$1,846,778$446,902$2,813,773
20$5,362,826$1,941,266$469,247$2,952,313
21$5,630,967$2,040,478$492,710$3,097,779
22$5,912,516$2,144,651$517,345$3,250,519
23$6,208,141$2,254,033$543,212$3,410,896
24$6,518,548$2,368,883$570,373$3,579,292
25$6,844,476$2,489,476$598,892$3,756,108
26$7,186,700$2,616,099$628,836$3,941,764
27$7,546,035$2,749,053$660,278$4,136,704
28$7,923,336$2,888,655$693,292$4,341,390
29$8,319,503$3,035,236$727,957$4,556,310
30$8,735,478$3,189,147$764,354$4,781,977
Total$141,000,000$50,880,608$12,337,500$77,781,892

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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.