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Vermont Mega Millions Jackpot Annuity Payout Schedule for Apr 23, 2024

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The tax information provided here is based on 2024 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 $202,000,000 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, Apr 23, 2024
Jackpot:$202,000,000
Federal Tax:37% marginal rate
State Tax: 8.75%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,040,390$1,083,132$266,034$1,691,224
2$3,192,409$1,139,379$279,336$1,773,694
3$3,352,030$1,198,439$293,303$1,860,288
4$3,519,631$1,260,451$307,968$1,951,212
5$3,695,613$1,325,564$323,366$2,046,682
6$3,880,394$1,393,933$339,534$2,146,926
7$4,074,413$1,465,721$356,511$2,252,181
8$4,278,134$1,541,097$374,337$2,362,700
9$4,492,041$1,620,243$393,054$2,478,744
10$4,716,643$1,703,346$412,706$2,600,591
11$4,952,475$1,790,603$433,342$2,728,530
12$5,200,099$1,882,224$455,009$2,862,866
13$5,460,103$1,978,426$477,759$3,003,918
14$5,733,109$2,079,438$501,647$3,152,024
15$6,019,764$2,185,500$526,729$3,307,534
16$6,320,752$2,296,866$553,066$3,470,820
17$6,636,790$2,413,800$580,719$3,642,271
18$6,968,629$2,536,581$609,755$3,822,294
19$7,317,061$2,665,500$640,243$4,011,318
20$7,682,914$2,800,866$672,255$4,209,793
21$8,067,059$2,943,000$705,868$4,418,192
22$8,470,412$3,092,240$741,161$4,637,011
23$8,893,933$3,248,943$778,219$4,866,771
24$9,338,630$3,413,481$817,130$5,108,019
25$9,805,561$3,586,245$857,987$5,361,329
26$10,295,839$3,767,648$900,886$5,627,305
27$10,810,631$3,958,121$945,930$5,906,580
28$11,351,163$4,158,118$993,227$6,199,818
29$11,918,721$4,368,114$1,042,888$6,507,718
30$12,514,657$4,588,611$1,095,032$6,831,014
Total$202,000,000$73,485,630$17,675,001$110,839,367

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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.