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Vermont Mega Millions Jackpot Annuity Payout Schedule for Nov 15, 2024

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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 $387,000,000 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, Nov 15, 2024
Jackpot:$387,000,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,824,905$2,112,235$509,679$3,202,991
2$6,116,151$2,219,996$535,163$3,360,992
3$6,421,958$2,333,145$561,921$3,526,892
4$6,743,056$2,451,951$590,017$3,701,088
5$7,080,209$2,576,697$619,518$3,883,993
6$7,434,219$2,707,681$650,494$4,076,044
7$7,805,930$2,845,215$683,019$4,277,697
8$8,196,227$2,989,624$717,170$4,489,433
9$8,606,038$3,141,254$753,028$4,711,756
10$9,036,340$3,300,466$790,680$4,945,194
11$9,488,157$3,467,638$830,214$5,190,305
12$9,962,565$3,643,169$871,724$5,447,671
13$10,460,693$3,827,477$915,311$5,717,906
14$10,983,728$4,021,000$961,076$6,001,652
15$11,532,914$4,224,199$1,009,130$6,299,586
16$12,109,560$4,437,557$1,059,587$6,612,416
17$12,715,038$4,661,584$1,112,566$6,940,888
18$13,350,790$4,896,812$1,168,194$7,285,783
19$14,018,329$5,143,802$1,226,604$7,647,923
20$14,719,246$5,403,141$1,287,934$8,028,171
21$15,455,208$5,675,447$1,352,331$8,427,430
22$16,227,968$5,961,369$1,419,947$8,846,653
23$17,039,367$6,261,586$1,490,945$9,286,836
24$17,891,335$6,576,814$1,565,492$9,749,029
25$18,785,902$6,907,804$1,643,766$10,234,331
26$19,725,197$7,255,343$1,725,955$10,743,899
27$20,711,457$7,620,259$1,812,252$11,278,945
28$21,747,030$8,003,421$1,902,865$11,840,743
29$22,834,381$8,405,741$1,998,008$12,430,632
30$23,976,100$8,828,177$2,097,909$13,050,014
Total$387,000,001$141,900,604$33,862,499$211,236,893

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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.