The jackpot for the MEGA Millions draw on Fri Apr 4, 2025, is projected to be $43 Million, with an option for a cash payout of $20 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 4, 2025 |
|---|
| Draw Date | Fri Apr 4, 2025 | | Projected Jackpot | $43,000,000 | | Cash Value | $20,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $20,000,000 | | Federal Tax(24%) | $4,800,000 | | Additional Federal Tax | $2,560,330 | | State Tax(6.99%) | $1,398,000 | | Net Lumpsum Payment | $11,241,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$647,193 |
$199,792
$45,239 |
$402,162 |
| 2 |
$679,572 |
$211,772
$47,502 |
$420,298 |
| 3 |
$713,542 |
$224,341
$49,877 |
$439,324 |
| 4 |
$749,232 |
$237,546
$52,371 |
$459,315 |
| 5 |
$786,685 |
$251,404
$54,989 |
$480,292 |
| 6 |
$826,030 |
$265,961
$57,739 |
$502,330 |
| 7 |
$867,310 |
$281,235
$60,625 |
$525,450 |
| 8 |
$910,697 |
$297,288
$63,658 |
$549,751 |
| 9 |
$956,234 |
$314,137
$66,841 |
$575,256 |
| 10 |
$1,004,050 |
$331,829
$70,183 |
$602,038 |
| 11 |
$1,054,231 |
$350,396
$73,691 |
$630,144 |
| 12 |
$1,106,949 |
$369,902
$77,376 |
$659,671 |
| 13 |
$1,162,290 |
$390,378
$81,244 |
$690,668 |
| 14 |
$1,220,426 |
$411,888
$85,308 |
$723,230 |
| 15 |
$1,281,443 |
$434,464
$89,573 |
$757,406 |
| 16 |
$1,345,513 |
$458,170
$94,051 |
$793,292 |
| 17 |
$1,412,765 |
$483,053
$98,752 |
$830,960 |
| 18 |
$1,483,414 |
$509,194
$103,691 |
$870,529 |
| 19 |
$1,557,589 |
$536,638
$108,875 |
$912,076 |
| 20 |
$1,635,462 |
$565,451
$114,319 |
$955,692 |
| 21 |
$1,717,248 |
$595,712
$120,036 |
$1,001,500 |
| 22 |
$1,803,119 |
$627,484
$126,038 |
$1,049,597 |
| 23 |
$1,893,247 |
$660,832
$132,338 |
$1,100,077 |
| 24 |
$1,987,933 |
$695,866
$138,957 |
$1,153,110 |
| 25 |
$2,087,306 |
$732,634
$145,903 |
$1,208,769 |
| 26 |
$2,191,710 |
$771,263
$153,201 |
$1,267,246 |
| 27 |
$2,301,274 |
$811,802
$160,859 |
$1,328,613 |
| 28 |
$2,416,342 |
$854,377
$168,902 |
$1,393,063 |
| 29 |
$2,537,172 |
$899,084
$177,348 |
$1,460,740 |
| 30 |
$2,664,022 |
$946,019
$186,215 |
$1,531,788 |
|
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