Connecticut Lottery

CTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Feb 6, 2026 is estimated to be $346 Million, with a cash option of 156.1 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 Fri Feb 6, 2026

Draw Date	Jackpot	Cash Option
Fri Feb 6, 2026	$346,000,000	$156,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$156,100,000
Federal Tax(24%)	$37,464,000
Additional Federal Tax	$20,253,330
State Tax(6.99%)	$10,911,390
Net Lumpsum Payment	$87,471,280

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,207,646	-$1,887,159 -$364,014	$2,956,473
2	$5,468,184	-$1,983,558 -$382,226	$3,102,400
3	$5,741,524	-$2,084,694 -$401,333	$3,255,497
4	$6,028,704	-$2,190,951 -$421,406	$3,416,347
5	$6,330,070	-$2,302,456 -$442,472	$3,585,142
6	$6,646,660	-$2,419,595 -$464,602	$3,762,463
7	$6,978,820	-$2,542,494 -$487,820	$3,948,506
8	$7,327,934	-$2,671,666 -$512,223	$4,144,045
9	$7,694,348	-$2,807,239 -$537,835	$4,349,274
10	$8,079,100	-$2,949,597 -$564,729	$4,564,774
11	$8,482,882	-$3,098,997 -$592,953	$4,790,932
12	$8,907,078	-$3,255,949 -$622,605	$5,028,524
13	$9,352,380	-$3,420,711 -$653,731	$5,277,938
14	$9,820,172	-$3,593,794 -$686,430	$5,539,948
15	$10,311,146	-$3,775,454 -$720,749	$5,814,943
16	$10,826,686	-$3,966,204 -$756,785	$6,103,697
17	$11,367,830	-$4,166,427 -$794,611	$6,406,792
18	$11,936,308	-$4,376,764 -$834,348	$6,725,196
19	$12,533,158	-$4,597,599 -$876,068	$7,059,491
20	$13,159,764	-$4,829,443 -$919,868	$7,410,453
21	$13,817,856	-$5,072,937 -$965,868	$7,779,051
22	$14,508,818	-$5,328,593 -$1,014,166	$8,166,059
23	$15,234,034	-$5,596,923 -$1,064,859	$8,572,252
24	$15,995,926	-$5,878,823 -$1,118,115	$8,998,988
25	$16,795,532	-$6,174,677 -$1,174,008	$9,446,847
26	$17,635,620	-$6,485,510 -$1,232,730	$9,917,380
27	$18,517,228	-$6,811,705 -$1,294,354	$10,411,169
28	$19,443,124	-$7,154,286 -$1,359,074	$10,929,764
29	$20,415,384	-$7,514,022 -$1,427,035	$11,474,327
30	$21,436,084	-$7,891,681 -$1,498,382	$12,046,021