What If I Win Megabucks?
All prizes must be claimed within 365 calendar days of the winning drawing date. Any prize not claimed within 365 calendar days shall be forfeited.
Valid Identification
If identification is required to claim your prize, you may provide one of the following as a source of valid identification:
- Drivers License
- Passport
- Expired Drivers License or Passport – Photo only
- Store Courtesy Cards – Photo only
- Employer Issued ID Cards - Photo only
- Military ID
- Vermont State Liquor ID
Jackpot
The Jackpot must be claimed at the Vermont Lottery Headquarters in Berlin, Vermont.
If you match 6 numbers (not including the bonus number) you win the Jackpot! In the case of multiple winning tickets, the jackpot is divided equally among the number of winning jackpot tickets.
The ticket must be signed by the claimant and submitted with a completed claim form and valid identification to Vermont Lottery Headquarters. Claim forms are available at Vermont Lottery Headquarters or any authorized Vermont Lottery Agent location. Claimants may be individuals, groups, or trusts. When you make your claim, Vermont Lottery Headquarters will then validate your ticket. You have 60 calendar days following the date of ticket validation to elect whether to receive the Jackpot (or your share of the jackpot) in one lump sum (cash option) or in 25 equal payments over 25 years (annuity option). Once you make that election it is final and cannot be revoked, withdrawn or otherwise changed. If you do not choose within those 60 calendar days, you will automatically receive the annuity option.
The Vermont Lottery strongly urges claimants to contact Financial and Tax professionals prior to making this decision. You can find information about financial planning from the Certified Financial Planner Board of Standards, Inc. (www.CFP.net) Once the option for payment is made, Lottery Headquarters has 5 working days to make payment to the claimant.
Lottery winnings over $5,000 are subject to Federal Income Tax Withholding of at least 25% and Vermont State Income Tax Withholding of at least 6%. Each January the Vermont Lottery Headquarters will issue W-2G’s to all winners of $600 or more on a single ticket in the preceding calendar year.
Prizes over $5,000
These prizes must be claimed at the Vermont Lottery Headquarters in Berlin, Vermont.
The ticket must be signed by the claimant and submitted with a completed claim form and valid identification to Vermont Lottery Headquarters. Claim forms are available at Vermont Lottery Headquarters or any authorized Vermont Lottery Agent.
Lottery winnings over $5,000 are subject to Federal Income Tax Withholding of at least 25% and Vermont State Income Tax Withholding of at least 6%. Each January the Vermont Lottery Headquarters will issue W-2G’s to all winners of $600 or more on a single ticket in the preceding calendar year.
Prizes of $500 to $5,000
These prizes may be claimed at the Vermont Lottery Headquarters in Berlin, Vermont or at any Chittenden Bank located in Vermont.
The ticket must be signed by the claimant and submitted with a completed claim form and valid identification. The Chittenden Bank can pay claims during Vermont Lottery Headquarters business hours only which are 7:45 AM to 4:30 PM Monday through Friday, except legal holidays. Claim forms are available at Vermont Lottery Headquarters, Chittenden Bank or any authorized Vermont Lottery Agent.
Each January the Vermont Lottery Headquarters will issue W-2G’s to all winners of $600 or more on a single ticket in the preceding calendar year.
Prizes of $499 or less
These prizes may be claimed at the Vermont Lottery Headquarters in Berlin, Vermont or at any authorized Vermont Lottery Agent that sells Megabucks tickets.
The ticket should be signed by the claimant.
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