The jackpot for the MEGA Millions draw on Fri Nov 6, 2026, is projected to be $505 Million, with an option for a cash payout of $213.3 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 Fri Nov 6, 2026 |
|---|
| Draw Date | Fri Nov 6, 2026 | | Projected Jackpot | $505,000,000 | | Cash Value | $213,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $213,300,000 | | Federal Tax(24%) | $51,192,000 | | Additional Federal Tax | $27,689,330 | | State Tax(6.99%) | $14,909,670 | | Net Lumpsum Payment | $119,509,000 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,600,755 |
$2,772,610
$531,293 |
$4,296,852 |
| 2 |
$7,981,020 |
$2,913,308
$557,873 |
$4,509,839 |
| 3 |
$8,379,970 |
$3,060,919
$585,760 |
$4,733,291 |
| 4 |
$8,799,120 |
$3,216,005
$615,058 |
$4,968,057 |
| 5 |
$9,238,975 |
$3,378,751
$645,804 |
$5,214,420 |
| 6 |
$9,701,050 |
$3,549,719
$678,103 |
$5,473,228 |
| 7 |
$10,185,850 |
$3,729,095
$711,991 |
$5,744,764 |
| 8 |
$10,695,395 |
$3,917,627
$747,608 |
$6,030,160 |
| 9 |
$11,230,190 |
$4,115,501
$784,990 |
$6,329,699 |
| 10 |
$11,791,750 |
$4,323,278
$824,243 |
$6,644,229 |
| 11 |
$12,381,085 |
$4,541,332
$865,438 |
$6,974,315 |
| 12 |
$13,000,215 |
$4,770,410
$908,715 |
$7,321,090 |
| 13 |
$13,650,150 |
$5,010,886
$954,145 |
$7,685,119 |
| 14 |
$14,332,910 |
$5,263,507
$1,001,870 |
$8,067,533 |
| 15 |
$15,049,505 |
$5,528,647
$1,051,960 |
$8,468,898 |
| 16 |
$15,801,955 |
$5,807,054
$1,104,557 |
$8,890,344 |
| 17 |
$16,591,775 |
$6,099,287
$1,159,765 |
$9,332,723 |
| 18 |
$17,421,490 |
$6,406,282
$1,217,762 |
$9,797,446 |
| 19 |
$18,292,615 |
$6,728,598
$1,278,654 |
$10,285,363 |
| 20 |
$19,207,170 |
$7,066,983
$1,342,581 |
$10,797,606 |
| 21 |
$20,167,680 |
$7,422,372
$1,409,721 |
$11,335,587 |
| 22 |
$21,176,165 |
$7,795,511
$1,480,214 |
$11,900,440 |
| 23 |
$22,234,645 |
$8,187,149
$1,554,202 |
$12,493,294 |
| 24 |
$23,346,655 |
$8,598,593
$1,631,931 |
$13,116,131 |
| 25 |
$24,513,710 |
$9,030,403
$1,713,508 |
$13,769,799 |
| 26 |
$25,739,850 |
$9,484,075
$1,799,216 |
$14,456,559 |
| 27 |
$27,026,590 |
$9,960,169
$1,889,159 |
$15,177,262 |
| 28 |
$28,377,970 |
$10,460,179
$1,983,620 |
$15,934,171 |
| 29 |
$29,797,020 |
$10,985,228
$2,082,812 |
$16,728,980 |
| 30 |
$31,286,770 |
$11,536,435
$2,186,945 |
$17,563,390 |
|
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