Connecticut Lottery

CTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Nov 4, 2025 is estimated to be $800 Million, with a cash option of 371.7 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Connecticut, your state will take 6.99% of your lottery winnings.

Please note that the calculation of the MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Connecticut MEGA Millions Jackpot/Cash Option for Tue Nov 4, 2025

Draw Date	Jackpot	Cash Option
Tue Nov 4, 2025	$800,000,000	$371,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$371,700,000
Federal Tax(24%)	$89,208,000
Additional Federal Tax	$48,281,330
State Tax(6.99%)	$25,981,830
Net Lumpsum Payment	$208,228,840

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$12,040,800	-$4,415,426 -$841,652	$6,783,722
2	$12,643,200	-$4,638,314 -$883,760	$7,121,126
3	$13,275,200	-$4,872,154 -$927,936	$7,475,110
4	$13,939,200	-$5,117,834 -$974,350	$7,847,016
5	$14,636,000	-$5,375,650 -$1,023,056	$8,237,294
6	$15,368,000	-$5,646,490 -$1,074,223	$8,647,287
7	$16,136,000	-$5,930,650 -$1,127,906	$9,077,444
8	$16,943,200	-$6,229,314 -$1,184,330	$9,529,556
9	$17,790,400	-$6,542,778 -$1,243,549	$10,004,073
10	$18,680,000	-$6,871,930 -$1,305,732	$10,502,338
11	$19,613,600	-$7,217,362 -$1,370,991	$11,025,247
12	$20,594,400	-$7,580,258 -$1,439,549	$11,574,593
13	$21,624,000	-$7,961,210 -$1,511,518	$12,151,272
14	$22,705,600	-$8,361,402 -$1,587,121	$12,757,077
15	$23,840,800	-$8,781,426 -$1,666,472	$13,392,902
16	$25,032,800	-$9,222,466 -$1,749,793	$14,060,541
17	$26,284,000	-$9,685,410 -$1,837,252	$14,761,338
18	$27,598,400	-$10,171,738 -$1,929,128	$15,497,534
19	$28,978,400	-$10,682,338 -$2,025,590	$16,270,472
20	$30,427,200	-$11,218,394 -$2,126,861	$17,081,945
21	$31,948,800	-$11,781,386 -$2,233,221	$17,934,193
22	$33,546,400	-$12,372,498 -$2,344,893	$18,829,009
23	$35,223,200	-$12,992,914 -$2,462,102	$19,768,184
24	$36,984,800	-$13,644,706 -$2,585,238	$20,754,856
25	$38,833,600	-$14,328,762 -$2,714,469	$21,790,369
26	$40,776,000	-$15,047,450 -$2,850,242	$22,878,308
27	$42,814,400	-$15,801,658 -$2,992,727	$24,020,015
28	$44,955,200	-$16,593,754 -$3,142,368	$25,219,078
29	$47,203,200	-$17,425,514 -$3,299,504	$26,478,182
30	$49,563,200	-$18,298,714 -$3,464,468	$27,800,018