The jackpot for the MEGA Millions draw on Fri Jan 2, 2026, is projected to be $157 Million, with an option for a cash payout of $72 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 Jan 2, 2026 |
|---|
| Draw Date | Fri Jan 2, 2026 | | Projected Jackpot | $157,000,000 | | Cash Value | $72,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $72,000,000 | | Federal Tax(24%) | $17,280,000 | | Additional Federal Tax | $9,320,330 | | State Tax(6.99%) | $5,032,800 | | Net Lumpsum Payment | $40,366,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,363,007 |
$834,643
$165,174 |
$1,363,190 |
| 2 |
$2,481,228 |
$878,385
$173,438 |
$1,429,405 |
| 3 |
$2,605,258 |
$924,276
$182,108 |
$1,498,874 |
| 4 |
$2,735,568 |
$972,491
$191,216 |
$1,571,861 |
| 5 |
$2,872,315 |
$1,023,087
$200,775 |
$1,648,453 |
| 6 |
$3,015,970 |
$1,076,239
$210,816 |
$1,728,915 |
| 7 |
$3,166,690 |
$1,132,006
$221,352 |
$1,813,332 |
| 8 |
$3,325,103 |
$1,190,618
$232,425 |
$1,902,060 |
| 9 |
$3,491,366 |
$1,252,136
$244,046 |
$1,995,184 |
| 10 |
$3,665,950 |
$1,316,732
$256,250 |
$2,092,968 |
| 11 |
$3,849,169 |
$1,384,523
$269,057 |
$2,195,589 |
| 12 |
$4,041,651 |
$1,455,741
$282,511 |
$2,303,399 |
| 13 |
$4,243,710 |
$1,530,503
$296,635 |
$2,416,572 |
| 14 |
$4,455,974 |
$1,609,041
$311,473 |
$2,535,460 |
| 15 |
$4,678,757 |
$1,691,470
$327,045 |
$2,660,242 |
| 16 |
$4,912,687 |
$1,778,025
$343,397 |
$2,791,265 |
| 17 |
$5,158,235 |
$1,868,877
$360,561 |
$2,928,797 |
| 18 |
$5,416,186 |
$1,964,319
$378,591 |
$3,073,276 |
| 19 |
$5,687,011 |
$2,064,524
$397,522 |
$3,224,965 |
| 20 |
$5,971,338 |
$2,169,725
$417,397 |
$3,384,216 |
| 21 |
$6,269,952 |
$2,280,213
$438,270 |
$3,551,469 |
| 22 |
$6,583,481 |
$2,396,218
$460,185 |
$3,727,078 |
| 23 |
$6,912,553 |
$2,517,975
$483,187 |
$3,911,391 |
| 24 |
$7,258,267 |
$2,645,889
$507,353 |
$4,105,025 |
| 25 |
$7,621,094 |
$2,780,135
$532,714 |
$4,308,245 |
| 26 |
$8,002,290 |
$2,921,178
$559,360 |
$4,521,752 |
| 27 |
$8,402,326 |
$3,069,191
$587,323 |
$4,745,812 |
| 28 |
$8,822,458 |
$3,224,640
$616,690 |
$4,981,128 |
| 29 |
$9,263,628 |
$3,387,873
$647,528 |
$5,228,227 |
| 30 |
$9,726,778 |
$3,559,238
$679,902 |
$5,487,638 |
|
|
