Connecticut Lottery

CTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Feb 27, 2026 is estimated to be $458 Million, with a cash option of 212.4 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 Fri Feb 27, 2026

Draw Date	Jackpot	Cash Option
Fri Feb 27, 2026	$458,000,000	$212,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$212,400,000
Federal Tax(24%)	$50,976,000
Additional Federal Tax	$27,572,330
State Tax(6.99%)	$14,846,760
Net Lumpsum Payment	$119,004,910

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,893,358	-$2,510,873 -$481,846	$3,900,639
2	$7,238,232	-$2,638,476 -$505,952	$4,093,804
3	$7,600,052	-$2,772,350 -$531,244	$4,296,458
4	$7,980,192	-$2,913,001 -$557,815	$4,509,376
5	$8,379,110	-$3,060,601 -$585,700	$4,732,809
6	$8,798,180	-$3,215,657 -$614,993	$4,967,530
7	$9,237,860	-$3,378,339 -$645,726	$5,213,795
8	$9,699,982	-$3,549,324 -$678,029	$5,472,629
9	$10,185,004	-$3,728,782 -$711,932	$5,744,290
10	$10,694,300	-$3,917,221 -$747,532	$6,029,547
11	$11,228,786	-$4,114,981 -$784,892	$6,328,913
12	$11,790,294	-$4,322,739 -$824,142	$6,643,413
13	$12,379,740	-$4,540,834 -$865,344	$6,973,562
14	$12,998,956	-$4,769,944 -$908,627	$7,320,385
15	$13,648,858	-$5,010,408 -$954,055	$7,684,395
16	$14,331,278	-$5,262,903 -$1,001,756	$8,066,619
17	$15,047,590	-$5,527,939 -$1,051,827	$8,467,824
18	$15,800,084	-$5,806,361 -$1,104,426	$8,889,297
19	$16,590,134	-$6,098,680 -$1,159,650	$9,331,804
20	$17,419,572	-$6,405,572 -$1,217,628	$9,796,372
21	$18,290,688	-$6,727,885 -$1,278,519	$10,284,284
22	$19,205,314	-$7,066,297 -$1,342,451	$10,796,566
23	$20,165,282	-$7,421,485 -$1,409,553	$11,334,244
24	$21,173,798	-$7,794,636 -$1,480,048	$11,899,114
25	$22,232,236	-$8,186,258 -$1,554,033	$12,491,945
26	$23,344,260	-$8,597,707 -$1,631,764	$13,114,789
27	$24,511,244	-$9,029,491 -$1,713,336	$13,768,417
28	$25,736,852	-$9,482,966 -$1,799,006	$14,454,880
29	$27,023,832	-$9,959,148 -$1,888,966	$15,175,718
30	$28,374,932	-$10,459,055 -$1,983,408	$15,932,469