Connecticut Lottery

CTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Nov 10, 2026 is estimated to be $529 Million, with a cash option of 224.2 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 10, 2026

Draw Date	Jackpot	Cash Option
Tue Nov 10, 2026	$529,000,000	$224,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$224,200,000
Federal Tax(24%)	$53,808,000
Additional Federal Tax	$29,106,330
State Tax(6.99%)	$15,671,580
Net Lumpsum Payment	$125,614,090

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,961,979	-$2,906,263 -$556,542	$4,499,174
2	$8,360,316	-$3,053,647 -$584,386	$4,722,283
3	$8,778,226	-$3,208,274 -$613,598	$4,956,354
4	$9,217,296	-$3,370,730 -$644,289	$5,202,277
5	$9,678,055	-$3,541,211 -$676,496	$5,460,348
6	$10,162,090	-$3,720,304 -$710,330	$5,731,456
7	$10,669,930	-$3,908,204 -$745,828	$6,015,898
8	$11,203,691	-$4,105,696 -$783,138	$6,314,857
9	$11,763,902	-$4,312,974 -$822,297	$6,628,631
10	$12,352,150	-$4,530,626 -$863,415	$6,958,109
11	$12,969,493	-$4,759,043 -$906,568	$7,303,882
12	$13,618,047	-$4,999,008 -$951,901	$7,667,138
13	$14,298,870	-$5,250,912 -$999,491	$8,048,467
14	$15,014,078	-$5,515,539 -$1,049,484	$8,449,055
15	$15,764,729	-$5,793,280 -$1,101,955	$8,869,494
16	$16,552,939	-$6,084,918 -$1,157,050	$9,310,971
17	$17,380,295	-$6,391,040 -$1,214,883	$9,774,372
18	$18,249,442	-$6,712,624 -$1,275,636	$10,261,182
19	$19,161,967	-$7,050,258 -$1,339,421	$10,772,288
20	$20,119,986	-$7,404,725 -$1,406,387	$11,308,874
21	$21,126,144	-$7,777,004 -$1,476,717	$11,872,423
22	$22,182,557	-$8,167,876 -$1,550,561	$12,464,120
23	$23,291,341	-$8,578,127 -$1,628,065	$13,085,149
24	$24,456,199	-$9,009,124 -$1,709,488	$13,737,587
25	$25,678,718	-$9,461,456 -$1,794,942	$14,422,320
26	$26,963,130	-$9,936,688 -$1,884,723	$15,141,719
27	$28,311,022	-$10,435,409 -$1,978,940	$15,896,673
28	$29,726,626	-$10,959,182 -$2,077,891	$16,689,553
29	$31,213,116	-$11,509,183 -$2,181,797	$17,522,136
30	$32,773,666	-$12,086,587 -$2,290,879	$18,396,200