Connecticut Lottery

CTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 9, 2026 is estimated to be $392 Million, with a cash option of 173.3 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 Jun 9, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 9, 2026	$392,000,000	$173,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$173,300,000
Federal Tax(24%)	$41,592,000
Additional Federal Tax	$22,489,330
State Tax(6.99%)	$12,113,670
Net Lumpsum Payment	$97,105,000

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,899,992	-$2,143,327 -$412,409	$3,344,256
2	$6,195,168	-$2,252,543 -$433,042	$3,509,583
3	$6,504,848	-$2,367,124 -$454,689	$3,683,035
4	$6,830,208	-$2,487,507 -$477,432	$3,865,269
5	$7,171,640	-$2,613,837 -$501,298	$4,056,505
6	$7,530,320	-$2,746,549 -$526,369	$4,257,402
7	$7,906,640	-$2,885,787 -$552,674	$4,468,179
8	$8,302,168	-$3,032,133 -$580,322	$4,689,713
9	$8,717,296	-$3,185,730 -$609,339	$4,922,227
10	$9,153,200	-$3,347,014 -$639,809	$5,166,377
11	$9,610,664	-$3,516,276 -$671,785	$5,422,603
12	$10,091,256	-$3,694,095 -$705,379	$5,691,782
13	$10,595,760	-$3,880,762 -$740,644	$5,974,354
14	$11,125,744	-$4,076,856 -$777,690	$6,271,198
15	$11,681,992	-$4,282,667 -$816,571	$6,582,754
16	$12,266,072	-$4,498,777 -$857,398	$6,909,897
17	$12,879,160	-$4,725,620 -$900,253	$7,253,287
18	$13,523,216	-$4,963,920 -$945,273	$7,614,023
19	$14,199,416	-$5,214,114 -$992,539	$7,992,763
20	$14,909,328	-$5,476,782 -$1,042,162	$8,390,384
21	$15,654,912	-$5,752,648 -$1,094,278	$8,807,986
22	$16,437,736	-$6,042,293 -$1,148,998	$9,246,445
23	$17,259,368	-$6,346,297 -$1,206,430	$9,706,641
24	$18,122,552	-$6,665,675 -$1,266,766	$10,190,111
25	$19,028,464	-$7,000,862 -$1,330,090	$10,697,512
26	$19,980,240	-$7,353,019 -$1,396,619	$11,230,602
27	$20,979,056	-$7,722,581 -$1,466,436	$11,790,039
28	$22,028,048	-$8,110,708 -$1,539,761	$12,377,579
29	$23,129,568	-$8,518,271 -$1,616,757	$12,994,540
30	$24,285,968	-$8,946,139 -$1,697,589	$13,642,240