The jackpot for the MEGA Millions draw on Tue Apr 22, 2025, is projected to be $50 Million, with an option for a cash payout of $22.4 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 Apr 22, 2025 |
|---|
| Draw Date | Tue Apr 22, 2025 | | Projected Jackpot | $50,000,000 | | Cash Value | $22,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $22,400,000 | | Federal Tax(24%) | $5,376,000 | | Additional Federal Tax | $2,872,330 | | State Tax(6.99%) | $1,565,760 | | Net Lumpsum Payment | $12,585,910 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$752,550 |
$238,774
$52,603 |
$461,173 |
| 2 |
$790,200 |
$252,704
$55,235 |
$482,261 |
| 3 |
$829,700 |
$267,319
$57,996 |
$504,385 |
| 4 |
$871,200 |
$282,674
$60,897 |
$527,629 |
| 5 |
$914,750 |
$298,788
$63,941 |
$552,021 |
| 6 |
$960,500 |
$315,715
$67,139 |
$577,646 |
| 7 |
$1,008,500 |
$333,475
$70,494 |
$604,531 |
| 8 |
$1,058,950 |
$352,142
$74,021 |
$632,787 |
| 9 |
$1,111,900 |
$371,733
$77,722 |
$662,445 |
| 10 |
$1,167,500 |
$392,305
$81,608 |
$693,587 |
| 11 |
$1,225,850 |
$413,895
$85,687 |
$726,268 |
| 12 |
$1,287,150 |
$436,576
$89,972 |
$760,602 |
| 13 |
$1,351,500 |
$460,385
$94,470 |
$796,645 |
| 14 |
$1,419,100 |
$485,397
$99,195 |
$834,508 |
| 15 |
$1,490,050 |
$511,649
$104,154 |
$874,247 |
| 16 |
$1,564,550 |
$539,214
$109,362 |
$915,974 |
| 17 |
$1,642,750 |
$568,148
$114,828 |
$959,774 |
| 18 |
$1,724,900 |
$598,543
$120,571 |
$1,005,786 |
| 19 |
$1,811,150 |
$630,456
$126,599 |
$1,054,095 |
| 20 |
$1,901,700 |
$663,959
$132,929 |
$1,104,812 |
| 21 |
$1,996,800 |
$699,146
$139,576 |
$1,158,078 |
| 22 |
$2,096,650 |
$736,091
$146,556 |
$1,214,003 |
| 23 |
$2,201,450 |
$774,867
$153,881 |
$1,272,702 |
| 24 |
$2,311,550 |
$815,604
$161,577 |
$1,334,369 |
| 25 |
$2,427,100 |
$858,357
$169,654 |
$1,399,089 |
| 26 |
$2,548,500 |
$903,275
$178,140 |
$1,467,085 |
| 27 |
$2,675,900 |
$950,413
$187,045 |
$1,538,442 |
| 28 |
$2,809,700 |
$999,919
$196,398 |
$1,613,383 |
| 29 |
$2,950,200 |
$1,051,904
$206,219 |
$1,692,077 |
| 30 |
$3,097,700 |
$1,106,479
$216,529 |
$1,774,692 |
|
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