Connecticut Lottery

CTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 20, 2026 is estimated to be $413 Million, with a cash option of 170.3 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 Oct 20, 2026

Draw Date	Jackpot	Cash Option
Tue Oct 20, 2026	$413,000,000	$170,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$170,300,000
Federal Tax(24%)	$40,872,000
Additional Federal Tax	$22,099,330
State Tax(6.99%)	$11,903,970
Net Lumpsum Payment	$95,424,700

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,216,063	-$2,260,274 -$434,503	$3,521,286
2	$6,527,052	-$2,375,340 -$456,241	$3,695,471
3	$6,853,322	-$2,496,060 -$479,047	$3,878,215
4	$7,196,112	-$2,622,892 -$503,008	$4,070,212
5	$7,555,835	-$2,755,989 -$528,153	$4,271,693
6	$7,933,730	-$2,895,810 -$554,568	$4,483,352
7	$8,330,210	-$3,042,508 -$582,282	$4,705,420
8	$8,746,927	-$3,196,693 -$611,410	$4,938,824
9	$9,184,294	-$3,358,519 -$641,982	$5,183,793
10	$9,643,550	-$3,528,444 -$674,084	$5,441,022
11	$10,125,521	-$3,706,773 -$707,774	$5,710,974
12	$10,631,859	-$3,894,118 -$743,167	$5,994,574
13	$11,163,390	-$4,090,785 -$780,321	$6,292,284
14	$11,721,766	-$4,297,384 -$819,351	$6,605,031
15	$12,307,813	-$4,514,221 -$860,316	$6,933,276
16	$12,923,183	-$4,741,908 -$903,330	$7,277,945
17	$13,569,115	-$4,980,903 -$948,481	$7,639,731
18	$14,247,674	-$5,231,970 -$995,912	$8,019,792
19	$14,960,099	-$5,495,567 -$1,045,711	$8,418,821
20	$15,708,042	-$5,772,306 -$1,097,992	$8,837,744
21	$16,493,568	-$6,062,951 -$1,152,900	$9,277,717
22	$17,318,329	-$6,368,112 -$1,210,551	$9,739,666
23	$18,183,977	-$6,688,402 -$1,271,060	$10,224,515
24	$19,093,403	-$7,024,889 -$1,334,629	$10,733,885
25	$20,047,846	-$7,378,033 -$1,401,344	$11,268,469
26	$21,050,610	-$7,749,056 -$1,471,438	$11,830,116
27	$22,102,934	-$8,138,416 -$1,544,995	$12,419,523
28	$23,208,122	-$8,547,336 -$1,622,248	$13,038,538
29	$24,368,652	-$8,976,732 -$1,703,369	$13,688,551
30	$25,587,002	-$9,427,521 -$1,788,531	$14,370,950