Connecticut Lottery

CTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 8, 2026 is estimated to be $193 Million, with a cash option of 82.8 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 Sep 8, 2026

Draw Date	Jackpot	Cash Option
Tue Sep 8, 2026	$193,000,000	$82,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$82,800,000
Federal Tax(24%)	$19,872,000
Additional Federal Tax	$10,724,330
State Tax(6.99%)	$5,787,720
Net Lumpsum Payment	$46,415,950

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,904,843	-$1,035,122 -$203,049	$1,666,672
2	$3,050,172	-$1,088,894 -$213,207	$1,748,071
3	$3,202,642	-$1,145,308 -$223,865	$1,833,469
4	$3,362,832	-$1,204,578 -$235,062	$1,923,192
5	$3,530,935	-$1,266,776 -$246,812	$2,017,347
6	$3,707,530	-$1,332,116 -$259,156	$2,116,258
7	$3,892,810	-$1,400,670 -$272,107	$2,220,033
8	$4,087,547	-$1,472,723 -$285,720	$2,329,104
9	$4,291,934	-$1,548,346 -$300,006	$2,443,582
10	$4,506,550	-$1,627,754 -$315,008	$2,563,788
11	$4,731,781	-$1,711,089 -$330,751	$2,689,941
12	$4,968,399	-$1,798,638 -$347,291	$2,822,470
13	$5,216,790	-$1,890,543 -$364,654	$2,961,593
14	$5,477,726	-$1,987,089 -$382,893	$3,107,744
15	$5,751,593	-$2,088,420 -$402,036	$3,261,137
16	$6,039,163	-$2,194,821 -$422,137	$3,422,205
17	$6,341,015	-$2,306,506 -$443,237	$3,591,272
18	$6,658,114	-$2,423,833 -$465,402	$3,768,879
19	$6,991,039	-$2,547,015 -$488,674	$3,955,350
20	$7,340,562	-$2,676,338 -$513,105	$4,151,119
21	$7,707,648	-$2,812,160 -$538,765	$4,356,723
22	$8,093,069	-$2,954,766 -$565,706	$4,572,597
23	$8,497,597	-$3,104,441 -$593,982	$4,799,174
24	$8,922,583	-$3,261,686 -$623,689	$5,037,208
25	$9,368,606	-$3,426,715 -$654,866	$5,287,025
26	$9,837,210	-$3,600,098 -$687,621	$5,549,491
27	$10,328,974	-$3,782,051 -$721,995	$5,824,928
28	$10,845,442	-$3,973,144 -$758,096	$6,114,202
29	$11,387,772	-$4,173,806 -$796,005	$6,417,961
30	$11,957,122	-$4,384,466 -$835,803	$6,736,853