The jackpot for the MEGA Millions draw on Fri Apr 25, 2025, is projected to be $60 Million, with an option for a cash payout of $26.9 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 Apr 25, 2025 |
|---|
| Draw Date | Fri Apr 25, 2025 | | Projected Jackpot | $60,000,000 | | Cash Value | $26,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $26,900,000 | | Federal Tax(24%) | $6,456,000 | | Additional Federal Tax | $3,457,330 | | State Tax(6.99%) | $1,880,310 | | Net Lumpsum Payment | $15,106,360 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$903,060 |
$294,463
$63,124 |
$545,473 |
| 2 |
$948,240 |
$311,179
$66,282 |
$570,779 |
| 3 |
$995,640 |
$328,717
$69,595 |
$597,328 |
| 4 |
$1,045,440 |
$347,143
$73,076 |
$625,221 |
| 5 |
$1,097,700 |
$366,479
$76,729 |
$654,492 |
| 6 |
$1,152,600 |
$386,792
$80,567 |
$685,241 |
| 7 |
$1,210,200 |
$408,104
$84,593 |
$717,503 |
| 8 |
$1,270,740 |
$430,504
$88,825 |
$751,411 |
| 9 |
$1,334,280 |
$454,014
$93,266 |
$787,000 |
| 10 |
$1,401,000 |
$478,700
$97,930 |
$824,370 |
| 11 |
$1,471,020 |
$504,608
$102,824 |
$863,588 |
| 12 |
$1,544,580 |
$531,825
$107,966 |
$904,789 |
| 13 |
$1,621,800 |
$560,396
$113,364 |
$948,040 |
| 14 |
$1,702,920 |
$590,411
$119,034 |
$993,475 |
| 15 |
$1,788,060 |
$621,913
$124,985 |
$1,041,162 |
| 16 |
$1,877,460 |
$654,991
$131,234 |
$1,091,235 |
| 17 |
$1,971,300 |
$689,711
$137,794 |
$1,143,795 |
| 18 |
$2,069,880 |
$726,186
$144,685 |
$1,199,009 |
| 19 |
$2,173,380 |
$764,481
$151,919 |
$1,256,980 |
| 20 |
$2,282,040 |
$804,685
$159,515 |
$1,317,840 |
| 21 |
$2,396,160 |
$846,910
$167,492 |
$1,381,758 |
| 22 |
$2,515,980 |
$891,243
$175,867 |
$1,448,870 |
| 23 |
$2,641,740 |
$937,774
$184,658 |
$1,519,308 |
| 24 |
$2,773,860 |
$986,659
$193,893 |
$1,593,308 |
| 25 |
$2,912,520 |
$1,037,963
$203,585 |
$1,670,972 |
| 26 |
$3,058,200 |
$1,091,864
$213,768 |
$1,752,568 |
| 27 |
$3,211,080 |
$1,148,430
$224,454 |
$1,838,196 |
| 28 |
$3,371,640 |
$1,207,837
$235,678 |
$1,928,125 |
| 29 |
$3,540,240 |
$1,270,219
$247,463 |
$2,022,558 |
| 30 |
$3,717,240 |
$1,335,709
$259,835 |
$2,121,696 |
|
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