The jackpot for the MEGA Millions draw on Tue Oct 7, 2025, is projected to be $547 Million, with an option for a cash payout of $251.7 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Connecticut residents, the state will deduct 6.99% from your lottery earnings.
| Connecticut MEGA Millions Jackpot/Cash Option for Tue Oct 7, 2025 |
|---|
| Draw Date | Tue Oct 7, 2025 | | Projected Jackpot | $547,000,000 | | Cash Value | $251,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $251,700,000 | | Federal Tax(24%) | $60,408,000 | | Additional Federal Tax | $32,681,330 | | State Tax(6.99%) | $17,593,830 | | Net Lumpsum Payment | $141,016,840 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,232,897 |
$3,006,502
$575,480 |
$4,650,915 |
| 2 |
$8,644,788 |
$3,158,902
$604,271 |
$4,881,615 |
| 3 |
$9,076,918 |
$3,318,790
$634,477 |
$5,123,651 |
| 4 |
$9,530,928 |
$3,486,774
$666,212 |
$5,377,942 |
| 5 |
$10,007,365 |
$3,663,055
$699,515 |
$5,644,795 |
| 6 |
$10,507,870 |
$3,848,242
$734,500 |
$5,925,128 |
| 7 |
$11,032,990 |
$4,042,537
$771,206 |
$6,219,247 |
| 8 |
$11,584,913 |
$4,246,748
$809,785 |
$6,528,380 |
| 9 |
$12,164,186 |
$4,461,079
$850,277 |
$6,852,830 |
| 10 |
$12,772,450 |
$4,686,137
$892,794 |
$7,193,519 |
| 11 |
$13,410,799 |
$4,922,326
$937,415 |
$7,551,058 |
| 12 |
$14,081,421 |
$5,170,456
$984,291 |
$7,926,674 |
| 13 |
$14,785,410 |
$5,430,932
$1,033,500 |
$8,320,978 |
| 14 |
$15,524,954 |
$5,704,563
$1,085,194 |
$8,735,197 |
| 15 |
$16,301,147 |
$5,991,755
$1,139,450 |
$9,169,942 |
| 16 |
$17,116,177 |
$6,293,316
$1,196,421 |
$9,626,440 |
| 17 |
$17,971,685 |
$6,609,854
$1,256,221 |
$10,105,610 |
| 18 |
$18,870,406 |
$6,942,381
$1,319,041 |
$10,608,984 |
| 19 |
$19,813,981 |
$7,291,503
$1,384,997 |
$11,137,481 |
| 20 |
$20,804,598 |
$7,658,032
$1,454,241 |
$11,692,325 |
| 21 |
$21,844,992 |
$8,042,977
$1,526,965 |
$12,275,050 |
| 22 |
$22,937,351 |
$8,447,150
$1,603,321 |
$12,886,880 |
| 23 |
$24,083,863 |
$8,871,360
$1,683,462 |
$13,529,041 |
| 24 |
$25,288,357 |
$9,317,022
$1,767,656 |
$14,203,679 |
| 25 |
$26,552,474 |
$9,784,746
$1,856,018 |
$14,911,710 |
| 26 |
$27,880,590 |
$10,276,149
$1,948,853 |
$15,655,588 |
| 27 |
$29,274,346 |
$10,791,838
$2,046,277 |
$16,436,231 |
| 28 |
$30,738,118 |
$11,333,434
$2,148,594 |
$17,256,090 |
| 29 |
$32,275,188 |
$11,902,150
$2,256,036 |
$18,117,002 |
| 30 |
$33,888,838 |
$12,499,200
$2,368,830 |
$19,020,808 |
|
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