The jackpot for the MEGA Millions draw on Tue Mar 11, 2025, is projected to be $256 Million, with an option for a cash payout of $119.5 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 Mar 11, 2025 |
|---|
| Draw Date | Tue Mar 11, 2025 | | Projected Jackpot | $256,000,000 | | Cash Value | $119,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $119,500,000 | | Federal Tax(24%) | $28,680,000 | | Additional Federal Tax | $15,495,330 | | State Tax(6.99%) | $8,353,050 | | Net Lumpsum Payment | $66,971,620 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,853,056 |
$1,385,961
$269,329 |
$2,197,766 |
| 2 |
$4,045,824 |
$1,457,285
$282,803 |
$2,305,736 |
| 3 |
$4,248,064 |
$1,532,114
$296,940 |
$2,419,010 |
| 4 |
$4,460,544 |
$1,610,732
$311,792 |
$2,538,020 |
| 5 |
$4,683,520 |
$1,693,233
$327,378 |
$2,662,909 |
| 6 |
$4,917,760 |
$1,779,902
$343,751 |
$2,794,107 |
| 7 |
$5,163,520 |
$1,870,833
$360,930 |
$2,931,757 |
| 8 |
$5,421,824 |
$1,966,405
$378,985 |
$3,076,434 |
| 9 |
$5,692,928 |
$2,066,714
$397,936 |
$3,228,278 |
| 10 |
$5,977,600 |
$2,172,042
$417,834 |
$3,387,724 |
| 11 |
$6,276,352 |
$2,282,581
$438,717 |
$3,555,054 |
| 12 |
$6,590,208 |
$2,398,707
$460,656 |
$3,730,845 |
| 13 |
$6,919,680 |
$2,520,612
$483,686 |
$3,915,382 |
| 14 |
$7,265,792 |
$2,648,673
$507,879 |
$4,109,240 |
| 15 |
$7,629,056 |
$2,783,081
$533,271 |
$4,312,704 |
| 16 |
$8,010,496 |
$2,924,214
$559,934 |
$4,526,348 |
| 17 |
$8,410,880 |
$3,072,356
$587,921 |
$4,750,603 |
| 18 |
$8,831,488 |
$3,227,981
$617,321 |
$4,986,186 |
| 19 |
$9,273,088 |
$3,391,373
$648,189 |
$5,233,526 |
| 20 |
$9,736,704 |
$3,562,911
$680,596 |
$5,493,197 |
| 21 |
$10,223,616 |
$3,743,068
$714,631 |
$5,765,917 |
| 22 |
$10,734,848 |
$3,932,224
$750,366 |
$6,052,258 |
| 23 |
$11,271,424 |
$4,130,757
$787,873 |
$6,352,794 |
| 24 |
$11,835,136 |
$4,339,331
$827,276 |
$6,668,529 |
| 25 |
$12,426,752 |
$4,558,229
$868,630 |
$6,999,893 |
| 26 |
$13,048,320 |
$4,788,209
$912,078 |
$7,348,033 |
| 27 |
$13,700,608 |
$5,029,555
$957,672 |
$7,713,381 |
| 28 |
$14,385,664 |
$5,283,026
$1,005,558 |
$8,097,080 |
| 29 |
$15,105,024 |
$5,549,189
$1,055,841 |
$8,499,994 |
| 30 |
$15,860,224 |
$5,828,613
$1,108,630 |
$8,922,981 |
|
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