Connecticut Lottery

CTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue May 19, 2026 is estimated to be $277 Million, with a cash option of 120.4 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 May 19, 2026

Draw Date	Jackpot	Cash Option
Tue May 19, 2026	$277,000,000	$120,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$120,400,000
Federal Tax(24%)	$28,896,000
Additional Federal Tax	$15,612,330
State Tax(6.99%)	$8,415,960
Net Lumpsum Payment	$67,475,710

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,169,127	-$1,502,907 -$291,422	$2,374,798
2	$4,377,708	-$1,580,082 -$306,002	$2,491,624
3	$4,596,538	-$1,661,049 -$321,298	$2,614,191
4	$4,826,448	-$1,746,116 -$337,369	$2,742,963
5	$5,067,715	-$1,835,385 -$354,233	$2,878,097
6	$5,321,170	-$1,929,163 -$371,950	$3,020,057
7	$5,587,090	-$2,027,554 -$390,538	$3,168,998
8	$5,866,583	-$2,130,966 -$410,074	$3,325,543
9	$6,159,926	-$2,239,503 -$430,579	$3,489,844
10	$6,467,950	-$2,353,472 -$452,110	$3,662,368
11	$6,791,209	-$2,473,078 -$474,706	$3,843,425
12	$7,130,811	-$2,598,730 -$498,444	$4,033,637
13	$7,487,310	-$2,730,635 -$523,363	$4,233,312
14	$7,861,814	-$2,869,202 -$549,541	$4,443,071
15	$8,254,877	-$3,014,635 -$577,016	$4,663,226
16	$8,667,607	-$3,167,345 -$605,866	$4,894,396
17	$9,100,835	-$3,327,639 -$636,148	$5,137,048
18	$9,555,946	-$3,496,030 -$667,961	$5,391,955
19	$10,033,771	-$3,672,826 -$701,361	$5,659,584
20	$10,535,418	-$3,858,435 -$736,426	$5,940,557
21	$11,062,272	-$4,053,371 -$773,253	$6,235,648
22	$11,615,441	-$4,258,044 -$811,919	$6,545,478
23	$12,196,033	-$4,472,863 -$852,503	$6,870,667
24	$12,805,987	-$4,698,546 -$895,138	$7,212,303
25	$13,446,134	-$4,935,400 -$939,885	$7,570,849
26	$14,118,690	-$5,184,246 -$986,896	$7,947,548
27	$14,824,486	-$5,445,390 -$1,036,232	$8,342,864
28	$15,565,738	-$5,719,653 -$1,088,045	$8,758,040
29	$16,344,108	-$6,007,650 -$1,142,453	$9,194,005
30	$17,161,258	-$6,309,996 -$1,199,572	$9,651,690