Connecticut Lottery

CTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Mar 17, 2026 is estimated to be $60 Million, with a cash option of 27.1 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 Mar 17, 2026

Draw Date	Jackpot	Cash Option
Tue Mar 17, 2026	$60,000,000	$27,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$27,100,000
Federal Tax(24%)	$6,504,000
Additional Federal Tax	$3,483,330
State Tax(6.99%)	$1,894,290
Net Lumpsum Payment	$15,218,380

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$903,060	-$294,463 -$63,124	$545,473
2	$948,240	-$311,179 -$66,282	$570,779
3	$995,640	-$328,717 -$69,595	$597,328
4	$1,045,440	-$347,143 -$73,076	$625,221
5	$1,097,700	-$366,479 -$76,729	$654,492
6	$1,152,600	-$386,792 -$80,567	$685,241
7	$1,210,200	-$408,104 -$84,593	$717,503
8	$1,270,740	-$430,504 -$88,825	$751,411
9	$1,334,280	-$454,014 -$93,266	$787,000
10	$1,401,000	-$478,700 -$97,930	$824,370
11	$1,471,020	-$504,608 -$102,824	$863,588
12	$1,544,580	-$531,825 -$107,966	$904,789
13	$1,621,800	-$560,396 -$113,364	$948,040
14	$1,702,920	-$590,411 -$119,034	$993,475
15	$1,788,060	-$621,913 -$124,985	$1,041,162
16	$1,877,460	-$654,991 -$131,234	$1,091,235
17	$1,971,300	-$689,711 -$137,794	$1,143,795
18	$2,069,880	-$726,186 -$144,685	$1,199,009
19	$2,173,380	-$764,481 -$151,919	$1,256,980
20	$2,282,040	-$804,685 -$159,515	$1,317,840
21	$2,396,160	-$846,910 -$167,492	$1,381,758
22	$2,515,980	-$891,243 -$175,867	$1,448,870
23	$2,641,740	-$937,774 -$184,658	$1,519,308
24	$2,773,860	-$986,659 -$193,893	$1,593,308
25	$2,912,520	-$1,037,963 -$203,585	$1,670,972
26	$3,058,200	-$1,091,864 -$213,768	$1,752,568
27	$3,211,080	-$1,148,430 -$224,454	$1,838,196
28	$3,371,640	-$1,207,837 -$235,678	$1,928,125
29	$3,540,240	-$1,270,219 -$247,463	$2,022,558
30	$3,717,240	-$1,335,709 -$259,835	$2,121,696