Connecticut Lottery

CTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jul 11, 2025 is estimated to be $80 Million, with a cash option of 35.8 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 Jul 11, 2025

Draw Date	Jackpot	Cash Option
Fri Jul 11, 2025	$80,000,000	$35,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$35,800,000
Federal Tax(24%)	$8,592,000
Additional Federal Tax	$4,614,330
State Tax(6.99%)	$2,502,420
Net Lumpsum Payment	$20,091,250

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,204,080	-$405,840 -$84,165	$714,075
2	$1,264,320	-$428,129 -$88,376	$747,815
3	$1,327,520	-$451,513 -$92,794	$783,213
4	$1,393,920	-$476,081 -$97,435	$820,404
5	$1,463,600	-$501,862 -$102,306	$859,432
6	$1,536,800	-$528,946 -$107,422	$900,432
7	$1,613,600	-$557,362 -$112,791	$943,447
8	$1,694,320	-$587,229 -$118,433	$988,658
9	$1,779,040	-$618,575 -$124,355	$1,036,110
10	$1,868,000	-$651,490 -$130,573	$1,085,937
11	$1,961,360	-$686,034 -$137,099	$1,138,227
12	$2,059,440	-$722,323 -$143,955	$1,193,162
13	$2,162,400	-$760,418 -$151,152	$1,250,830
14	$2,270,560	-$800,438 -$158,712	$1,311,410
15	$2,384,080	-$842,440 -$166,647	$1,374,993
16	$2,503,280	-$886,544 -$174,979	$1,441,757
17	$2,628,400	-$932,838 -$183,725	$1,511,837
18	$2,759,840	-$981,471 -$192,913	$1,585,456
19	$2,897,840	-$1,032,531 -$202,559	$1,662,750
20	$3,042,720	-$1,086,137 -$212,686	$1,743,897
21	$3,194,880	-$1,142,436 -$223,322	$1,829,122
22	$3,354,640	-$1,201,547 -$234,489	$1,918,604
23	$3,522,320	-$1,263,589 -$246,210	$2,012,521
24	$3,698,480	-$1,328,768 -$258,524	$2,111,188
25	$3,883,360	-$1,397,174 -$271,447	$2,214,739
26	$4,077,600	-$1,469,042 -$285,024	$2,323,534
27	$4,281,440	-$1,544,463 -$299,273	$2,437,704
28	$4,495,520	-$1,623,673 -$314,237	$2,557,610
29	$4,720,320	-$1,706,849 -$329,950	$2,683,521
30	$4,956,320	-$1,794,169 -$346,447	$2,815,704