The jackpot for the MEGA Millions draw on Tue May 13, 2025, is projected to be $110 Million, with an option for a cash payout of $49.4 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 May 13, 2025 |
|---|
| Draw Date | Tue May 13, 2025 | | Projected Jackpot | $110,000,000 | | Cash Value | $49,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $49,400,000 | | Federal Tax(24%) | $11,856,000 | | Additional Federal Tax | $6,382,330 | | State Tax(6.99%) | $3,453,060 | | Net Lumpsum Payment | $27,708,610 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,655,610 |
$572,906
$115,727 |
$966,977 |
| 2 |
$1,738,440 |
$603,553
$121,517 |
$1,013,370 |
| 3 |
$1,825,340 |
$635,706
$127,591 |
$1,062,043 |
| 4 |
$1,916,640 |
$669,487
$133,973 |
$1,113,180 |
| 5 |
$2,012,450 |
$704,937
$140,670 |
$1,166,843 |
| 6 |
$2,113,100 |
$742,177
$147,706 |
$1,223,217 |
| 7 |
$2,218,700 |
$781,249
$155,087 |
$1,282,364 |
| 8 |
$2,329,690 |
$822,316
$162,845 |
$1,344,529 |
| 9 |
$2,446,180 |
$865,417
$170,988 |
$1,409,775 |
| 10 |
$2,568,500 |
$910,675
$179,538 |
$1,478,287 |
| 11 |
$2,696,870 |
$958,172
$188,511 |
$1,550,187 |
| 12 |
$2,831,730 |
$1,008,070
$197,938 |
$1,625,722 |
| 13 |
$2,973,300 |
$1,060,451
$207,834 |
$1,705,015 |
| 14 |
$3,122,020 |
$1,115,478
$218,229 |
$1,788,313 |
| 15 |
$3,278,110 |
$1,173,231
$229,140 |
$1,875,739 |
| 16 |
$3,442,010 |
$1,233,874
$240,596 |
$1,967,540 |
| 17 |
$3,614,050 |
$1,297,529
$252,622 |
$2,063,899 |
| 18 |
$3,794,780 |
$1,364,399
$265,255 |
$2,165,126 |
| 19 |
$3,984,530 |
$1,434,606
$278,519 |
$2,271,405 |
| 20 |
$4,183,740 |
$1,508,314
$292,443 |
$2,382,983 |
| 21 |
$4,392,960 |
$1,585,726
$307,068 |
$2,500,166 |
| 22 |
$4,612,630 |
$1,667,003
$322,423 |
$2,623,204 |
| 23 |
$4,843,190 |
$1,752,311
$338,539 |
$2,752,340 |
| 24 |
$5,085,410 |
$1,841,932
$355,470 |
$2,888,008 |
| 25 |
$5,339,620 |
$1,935,990
$373,239 |
$3,030,391 |
| 26 |
$5,606,700 |
$2,034,809
$391,908 |
$3,179,983 |
| 27 |
$5,886,980 |
$2,138,513
$411,500 |
$3,336,967 |
| 28 |
$6,181,340 |
$2,247,426
$432,076 |
$3,501,838 |
| 29 |
$6,490,440 |
$2,361,793
$453,682 |
$3,674,965 |
| 30 |
$6,814,940 |
$2,481,858
$476,364 |
$3,856,718 |
|
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