Connecticut Lottery

CTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 29, 2026 is estimated to be $300 Million, with a cash option of 124.1 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 Sep 29, 2026

Draw Date	Jackpot	Cash Option
Tue Sep 29, 2026	$300,000,000	$124,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$124,100,000
Federal Tax(24%)	$29,784,000
Additional Federal Tax	$16,093,330
State Tax(6.99%)	$8,674,590
Net Lumpsum Payment	$69,548,080

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,515,300	-$1,630,991 -$315,619	$2,568,690
2	$4,741,200	-$1,714,574 -$331,410	$2,695,216
3	$4,978,200	-$1,802,264 -$347,976	$2,827,960
4	$5,227,200	-$1,894,394 -$365,381	$2,967,425
5	$5,488,500	-$1,991,075 -$383,646	$3,113,779
6	$5,763,000	-$2,092,640 -$402,834	$3,267,526
7	$6,051,000	-$2,199,200 -$422,965	$3,428,835
8	$6,353,700	-$2,311,199 -$444,124	$3,598,377
9	$6,671,400	-$2,428,748 -$466,331	$3,776,321
10	$7,005,000	-$2,552,180 -$489,650	$3,963,170
11	$7,355,100	-$2,681,717 -$514,121	$4,159,262
12	$7,722,900	-$2,817,803 -$539,831	$4,365,266
13	$8,109,000	-$2,960,660 -$566,819	$4,581,521
14	$8,514,600	-$3,110,732 -$595,171	$4,808,697
15	$8,940,300	-$3,268,241 -$624,927	$5,047,132
16	$9,387,300	-$3,433,631 -$656,172	$5,297,497
17	$9,856,500	-$3,607,235 -$688,969	$5,560,296
18	$10,349,400	-$3,789,608 -$723,423	$5,836,369
19	$10,866,900	-$3,981,083 -$759,596	$6,126,221
20	$11,410,200	-$4,182,104 -$797,573	$6,430,523
21	$11,980,800	-$4,393,226 -$837,458	$6,750,116
22	$12,579,900	-$4,614,893 -$879,335	$7,085,672
23	$13,208,700	-$4,847,549 -$923,288	$7,437,863
24	$13,869,300	-$5,091,971 -$969,464	$7,807,865
25	$14,562,600	-$5,348,492 -$1,017,926	$8,196,182
26	$15,291,000	-$5,618,000 -$1,068,841	$8,604,159
27	$16,055,400	-$5,900,828 -$1,122,272	$9,032,300
28	$16,858,200	-$6,197,864 -$1,178,388	$9,481,948
29	$17,701,200	-$6,509,774 -$1,237,314	$9,954,112
30	$18,586,200	-$6,837,224 -$1,299,175	$10,449,801