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Vermont Mega Millions Jackpot Annuity Payout Schedule for Sep 5, 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 $101,000,000 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 5, 2023
Jackpot:$101,000,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,520,195$519,492$133,017$867,686
2$1,596,205$547,616$139,668$908,921
3$1,676,015$577,146$146,651$952,218
4$1,759,816$608,152$153,984$997,680
5$1,847,806$640,709$161,683$1,045,415
6$1,940,197$674,893$169,767$1,095,536
7$2,037,207$710,787$178,256$1,148,164
8$2,139,067$748,475$187,168$1,203,424
9$2,246,020$788,048$196,527$1,261,446
10$2,358,321$829,599$206,353$1,322,369
11$2,476,237$873,228$216,671$1,386,339
12$2,600,049$919,038$227,504$1,453,506
13$2,730,052$967,139$238,880$1,524,033
14$2,866,554$1,017,645$250,824$1,598,085
15$3,009,882$1,070,677$263,365$1,675,841
16$3,160,376$1,126,359$276,533$1,757,484
17$3,318,395$1,184,826$290,360$1,843,209
18$3,484,315$1,246,217$304,878$1,933,220
19$3,658,530$1,310,676$320,121$2,027,732
20$3,841,457$1,378,359$336,127$2,126,970
21$4,033,530$1,449,426$352,934$2,231,170
22$4,235,206$1,524,047$370,581$2,340,579
23$4,446,967$1,602,398$389,110$2,455,459
24$4,669,315$1,684,667$408,565$2,576,083
25$4,902,781$1,771,049$428,993$2,702,738
26$5,147,920$1,861,751$450,443$2,835,726
27$5,405,316$1,956,987$472,965$2,975,364
28$5,675,581$2,056,985$496,613$3,121,983
29$5,959,360$2,161,984$521,444$3,275,933
30$6,257,329$2,272,232$547,516$3,437,580
Total$101,000,000$36,080,607$8,837,501$56,081,893

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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.