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Vermont Mega Millions Jackpot Annuity Payout Schedule for Feb 6, 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 $365,000,000 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, Feb 6, 2024
Jackpot:$365,000,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,493,774$1,989,717$480,705$3,023,352
2$5,768,463$2,091,351$504,740$3,172,371
3$6,056,886$2,198,068$529,977$3,328,840
4$6,359,730$2,310,120$556,476$3,493,133
5$6,677,716$2,427,775$584,300$3,665,641
6$7,011,602$2,551,313$613,515$3,846,774
7$7,362,182$2,681,028$644,191$4,036,964
8$7,730,292$2,817,228$676,401$4,236,663
9$8,116,806$2,960,239$710,221$4,446,347
10$8,522,646$3,110,399$745,732$4,666,515
11$8,948,779$3,268,068$783,018$4,897,692
12$9,396,218$3,433,621$822,169$5,140,428
13$9,866,028$3,607,451$863,277$5,395,300
14$10,359,330$3,789,972$906,441$5,662,916
15$10,877,296$3,981,620$951,763$5,943,913
16$11,421,161$4,182,850$999,352$6,238,960
17$11,992,219$4,394,141$1,049,319$6,548,759
18$12,591,830$4,615,997$1,101,785$6,874,048
19$13,221,422$4,848,946$1,156,874$7,215,601
20$13,882,493$5,093,543$1,214,718$7,574,232
21$14,576,617$5,350,369$1,275,454$7,950,795
22$15,305,448$5,620,036$1,339,227$8,346,185
23$16,070,721$5,903,187$1,406,188$8,761,346
24$16,874,257$6,200,495$1,476,497$9,197,264
25$17,717,969$6,512,669$1,550,322$9,654,978
26$18,603,868$6,840,451$1,627,838$10,135,578
27$19,534,062$7,184,623$1,709,230$10,640,208
28$20,510,764$7,546,003$1,794,692$11,170,069
29$21,536,303$7,925,452$1,884,426$11,726,424
30$22,613,118$8,323,874$1,978,648$12,310,596
Total$365,000,001$133,760,606$31,937,496$199,301,892

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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.