Connecticut Lottery

CTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri May 30, 2025 is estimated to be $189 Million, with a cash option of 82.7 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 May 30, 2025

Draw Date	Jackpot	Cash Option
Fri May 30, 2025	$189,000,000	$82,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$82,700,000
Federal Tax(24%)	$19,848,000
Additional Federal Tax	$10,711,330
State Tax(6.99%)	$5,780,730
Net Lumpsum Payment	$46,359,940

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,844,639	-$1,012,847 -$198,840	$1,632,952
2	$2,986,956	-$1,065,504 -$208,788	$1,712,664
3	$3,136,266	-$1,120,749 -$219,225	$1,796,292
4	$3,293,136	-$1,178,791 -$230,190	$1,884,155
5	$3,457,755	-$1,239,700 -$241,697	$1,976,358
6	$3,630,690	-$1,303,686 -$253,785	$2,073,219
7	$3,812,130	-$1,370,818 -$266,468	$2,174,844
8	$4,002,831	-$1,441,378 -$279,798	$2,281,655
9	$4,202,982	-$1,515,434 -$293,788	$2,393,760
10	$4,413,150	-$1,593,196 -$308,479	$2,511,475
11	$4,633,713	-$1,674,804 -$323,897	$2,635,012
12	$4,865,427	-$1,760,538 -$340,093	$2,764,796
13	$5,108,670	-$1,850,538 -$357,096	$2,901,036
14	$5,364,198	-$1,945,084 -$374,957	$3,044,157
15	$5,632,389	-$2,044,314 -$393,704	$3,194,371
16	$5,913,999	-$2,148,510 -$413,389	$3,352,100
17	$6,209,595	-$2,257,881 -$434,051	$3,517,663
18	$6,520,122	-$2,372,776 -$455,757	$3,691,589
19	$6,846,147	-$2,493,405 -$478,546	$3,874,196
20	$7,188,426	-$2,620,048 -$502,471	$4,065,907
21	$7,547,904	-$2,753,055 -$527,598	$4,267,251
22	$7,925,337	-$2,892,705 -$553,981	$4,478,651
23	$8,321,481	-$3,039,278 -$581,672	$4,700,531
24	$8,737,659	-$3,193,264 -$610,762	$4,933,633
25	$9,174,438	-$3,354,872 -$641,293	$5,178,273
26	$9,633,330	-$3,524,662 -$673,370	$5,435,298
27	$10,114,902	-$3,702,844 -$707,032	$5,705,026
28	$10,620,666	-$3,889,977 -$742,385	$5,988,304
29	$11,151,756	-$4,086,480 -$779,508	$6,285,768
30	$11,709,306	-$4,292,774 -$818,480	$6,598,052