Connecticut Lottery

CTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 16, 2025 is estimated to be $400 Million, with a cash option of 185.8 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 Tue Sep 16, 2025

Draw Date	Jackpot	Cash Option
Tue Sep 16, 2025	$400,000,000	$185,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$185,800,000
Federal Tax(24%)	$44,592,000
Additional Federal Tax	$24,114,330
State Tax(6.99%)	$12,987,420
Net Lumpsum Payment	$104,106,250

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,020,400	-$2,187,878 -$420,826	$3,411,696
2	$6,321,600	-$2,299,322 -$441,880	$3,580,398
3	$6,637,600	-$2,416,242 -$463,968	$3,757,390
4	$6,969,600	-$2,539,082 -$487,175	$3,943,343
5	$7,318,000	-$2,667,990 -$511,528	$4,138,482
6	$7,684,000	-$2,803,410 -$537,112	$4,343,478
7	$8,068,000	-$2,945,490 -$563,953	$4,558,557
8	$8,471,600	-$3,094,822 -$592,165	$4,784,613
9	$8,895,200	-$3,251,554 -$621,774	$5,021,872
10	$9,340,000	-$3,416,130 -$652,866	$5,271,004
11	$9,806,800	-$3,588,846 -$685,495	$5,532,459
12	$10,297,200	-$3,770,294 -$719,774	$5,807,132
13	$10,812,000	-$3,960,770 -$755,759	$6,095,471
14	$11,352,800	-$4,160,866 -$793,561	$6,398,373
15	$11,920,400	-$4,370,878 -$833,236	$6,716,286
16	$12,516,400	-$4,591,398 -$874,896	$7,050,106
17	$13,142,000	-$4,822,870 -$918,626	$7,400,504
18	$13,799,200	-$5,066,034 -$964,564	$7,768,602
19	$14,489,200	-$5,321,334 -$1,012,795	$8,155,071
20	$15,213,600	-$5,589,362 -$1,063,431	$8,560,807
21	$15,974,400	-$5,870,858 -$1,116,611	$8,986,931
22	$16,773,200	-$6,166,414 -$1,172,447	$9,434,339
23	$17,611,600	-$6,476,622 -$1,231,051	$9,903,927
24	$18,492,400	-$6,802,518 -$1,292,619	$10,397,263
25	$19,416,800	-$7,144,546 -$1,357,234	$10,915,020
26	$20,388,000	-$7,503,890 -$1,425,121	$11,458,989
27	$21,407,200	-$7,880,994 -$1,496,363	$12,029,843
28	$22,477,600	-$8,277,042 -$1,571,184	$12,629,374
29	$23,601,600	-$8,692,922 -$1,649,752	$13,258,926
30	$24,781,600	-$9,129,522 -$1,732,234	$13,919,844