The jackpot for the MEGA Millions draw on Tue Mar 4, 2025, is projected to be $215 Million, with an option for a cash payout of $100.9 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 Tue Mar 4, 2025 |
|---|
| Draw Date | Tue Mar 4, 2025 | | Projected Jackpot | $215,000,000 | | Cash Value | $100,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $100,900,000 | | Federal Tax(24%) | $24,216,000 | | Additional Federal Tax | $13,077,330 | | State Tax(6.99%) | $7,052,910 | | Net Lumpsum Payment | $56,553,760 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,235,965 |
$1,157,637
$226,194 |
$1,852,134 |
| 2 |
$3,397,860 |
$1,217,539
$237,510 |
$1,942,811 |
| 3 |
$3,567,710 |
$1,280,383
$249,383 |
$2,037,944 |
| 4 |
$3,746,160 |
$1,346,410
$261,857 |
$2,137,893 |
| 5 |
$3,933,425 |
$1,415,698
$274,946 |
$2,242,781 |
| 6 |
$4,130,150 |
$1,488,486
$288,697 |
$2,352,967 |
| 7 |
$4,336,550 |
$1,564,854
$303,125 |
$2,468,571 |
| 8 |
$4,553,485 |
$1,645,120
$318,289 |
$2,590,076 |
| 9 |
$4,781,170 |
$1,729,363
$334,204 |
$2,717,603 |
| 10 |
$5,020,250 |
$1,817,823
$350,915 |
$2,851,512 |
| 11 |
$5,271,155 |
$1,910,658
$368,454 |
$2,992,043 |
| 12 |
$5,534,745 |
$2,008,186
$386,879 |
$3,139,680 |
| 13 |
$5,811,450 |
$2,110,567
$406,220 |
$3,294,663 |
| 14 |
$6,102,130 |
$2,218,118
$426,539 |
$3,457,473 |
| 15 |
$6,407,215 |
$2,331,000
$447,864 |
$3,628,351 |
| 16 |
$6,727,565 |
$2,449,529
$470,257 |
$3,807,779 |
| 17 |
$7,063,825 |
$2,573,946
$493,761 |
$3,996,118 |
| 18 |
$7,417,070 |
$2,704,646
$518,453 |
$4,193,971 |
| 19 |
$7,787,945 |
$2,841,870
$544,377 |
$4,401,698 |
| 20 |
$8,177,310 |
$2,985,935
$571,594 |
$4,619,781 |
| 21 |
$8,586,240 |
$3,137,239
$600,178 |
$4,848,823 |
| 22 |
$9,015,595 |
$3,296,101
$630,190 |
$5,089,304 |
| 23 |
$9,466,235 |
$3,462,837
$661,690 |
$5,341,708 |
| 24 |
$9,939,665 |
$3,638,006
$694,783 |
$5,606,876 |
| 25 |
$10,436,530 |
$3,821,846
$729,513 |
$5,885,171 |
| 26 |
$10,958,550 |
$4,014,994
$766,003 |
$6,177,553 |
| 27 |
$11,506,370 |
$4,217,687
$804,295 |
$6,484,388 |
| 28 |
$12,081,710 |
$4,430,563
$844,512 |
$6,806,635 |
| 29 |
$12,685,860 |
$4,654,099
$886,742 |
$7,145,019 |
| 30 |
$13,320,110 |
$4,888,771
$931,076 |
$7,500,263 |
|
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