Jackpot Analysis Connecticut Mega Millions

Jackpot Analysis for Connecticut Mega Millions
The jackpot for the MEGA Millions draw on Fri Jun 27, 2025, is projected to be $348 Million, with an option for a cash payout of $155.5 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 Fri Jun 27, 2025
Draw DateFri Jun 27, 2025
Projected Jackpot$348,000,000
Cash Value$155,500,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$155,500,000
Federal Tax(24%)$37,320,000
Additional Federal Tax$20,175,330
State Tax(6.99%)$10,869,450
Net Lumpsum Payment$87,135,220
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $5,237,748 $1,898,297
$366,119
$2,973,332
2 $5,499,792 $1,995,253
$384,435
$3,120,104
3 $5,774,712 $2,096,974
$403,652
$3,274,086
4 $6,063,552 $2,203,845
$423,842
$3,435,865
5 $6,366,660 $2,315,995
$445,030
$3,605,635
6 $6,685,080 $2,433,810
$467,287
$3,783,983
7 $7,019,160 $2,557,420
$490,639
$3,971,101
8 $7,370,292 $2,687,338
$515,183
$4,167,771
9 $7,738,824 $2,823,695
$540,944
$4,374,185
10 $8,125,800 $2,966,876
$567,993
$4,590,931
11 $8,531,916 $3,117,139
$596,381
$4,818,396
12 $8,958,564 $3,274,999
$626,204
$5,057,361
13 $9,406,440 $3,440,713
$657,510
$5,308,217
14 $9,876,936 $3,614,797
$690,398
$5,571,741
15 $10,370,748 $3,797,507
$724,915
$5,848,326
16 $10,889,268 $3,989,360
$761,160
$6,138,748
17 $11,433,540 $4,190,740
$799,204
$6,443,596
18 $12,005,304 $4,402,293
$839,171
$6,763,840
19 $12,605,604 $4,624,404
$881,132
$7,100,068
20 $13,235,832 $4,857,588
$925,185
$7,453,059
21 $13,897,728 $5,102,490
$971,451
$7,823,787
22 $14,592,684 $5,359,623
$1,020,029
$8,213,032
23 $15,322,092 $5,629,504
$1,071,014
$8,621,574
24 $16,088,388 $5,913,034
$1,124,578
$9,050,776
25 $16,892,616 $6,210,598
$1,180,794
$9,501,224
26 $17,737,560 $6,523,228
$1,239,855
$9,974,477
27 $18,624,264 $6,851,308
$1,301,836
$10,471,120
28 $19,555,512 $7,195,870
$1,366,930
$10,992,712
29 $20,533,392 $7,557,685
$1,435,284
$11,540,423
30 $21,559,992 $7,937,527
$1,507,043
$12,115,422