The jackpot for the MEGA Millions draw on Fri Nov 7, 2025, is projected to be $843 Million, with an option for a cash payout of $391.7 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 7, 2025 |
|---|
| Draw Date | Fri Nov 7, 2025 | | Projected Jackpot | $843,000,000 | | Cash Value | $391,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $391,700,000 | | Federal Tax(24%) | $94,008,000 | | Additional Federal Tax | $50,881,330 | | State Tax(6.99%) | $27,379,830 | | Net Lumpsum Payment | $219,430,840 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$12,687,993 |
$4,654,888
$886,891 |
$7,146,214 |
| 2 |
$13,322,772 |
$4,889,756
$931,262 |
$7,501,754 |
| 3 |
$13,988,742 |
$5,136,165
$977,813 |
$7,874,764 |
| 4 |
$14,688,432 |
$5,395,050
$1,026,721 |
$8,266,661 |
| 5 |
$15,422,685 |
$5,666,724
$1,078,046 |
$8,677,915 |
| 6 |
$16,194,030 |
$5,952,121
$1,131,963 |
$9,109,946 |
| 7 |
$17,003,310 |
$6,251,555
$1,188,531 |
$9,563,224 |
| 8 |
$17,853,897 |
$6,566,272
$1,247,987 |
$10,039,638 |
| 9 |
$18,746,634 |
$6,896,585
$1,310,390 |
$10,539,659 |
| 10 |
$19,684,050 |
$7,243,429
$1,375,915 |
$11,064,706 |
| 11 |
$20,667,831 |
$7,607,428
$1,444,681 |
$11,615,722 |
| 12 |
$21,701,349 |
$7,989,830
$1,516,924 |
$12,194,595 |
| 13 |
$22,786,290 |
$8,391,258
$1,592,762 |
$12,802,270 |
| 14 |
$23,926,026 |
$8,812,960
$1,672,429 |
$13,440,637 |
| 15 |
$25,122,243 |
$9,255,560
$1,756,045 |
$14,110,638 |
| 16 |
$26,378,313 |
$9,720,306
$1,843,844 |
$14,814,163 |
| 17 |
$27,696,765 |
$10,208,133
$1,936,004 |
$15,552,628 |
| 18 |
$29,081,814 |
$10,720,602
$2,032,819 |
$16,328,393 |
| 19 |
$30,535,989 |
$11,258,646
$2,134,466 |
$17,142,877 |
| 20 |
$32,062,662 |
$11,823,515
$2,241,180 |
$17,997,967 |
| 21 |
$33,666,048 |
$12,416,768
$2,353,257 |
$18,896,023 |
| 22 |
$35,349,519 |
$13,039,652
$2,470,931 |
$19,838,936 |
| 23 |
$37,116,447 |
$13,693,416
$2,594,440 |
$20,828,591 |
| 24 |
$38,972,733 |
$14,380,242
$2,724,194 |
$21,868,297 |
| 25 |
$40,920,906 |
$15,101,066
$2,860,371 |
$22,959,469 |
| 26 |
$42,967,710 |
$15,858,383
$3,003,443 |
$24,105,884 |
| 27 |
$45,115,674 |
$16,653,130
$3,153,586 |
$25,308,958 |
| 28 |
$47,371,542 |
$17,487,801
$3,311,271 |
$26,572,470 |
| 29 |
$49,740,372 |
$18,364,268
$3,476,852 |
$27,899,252 |
| 30 |
$52,227,222 |
$19,284,403
$3,650,683 |
$29,292,136 |
|
|
