The jackpot for the MEGA Millions draw on Tue Jun 30, 2026, is projected to be $511 Million, with an option for a cash payout of $231 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 Jun 30, 2026 |
|---|
| Draw Date | Tue Jun 30, 2026 | | Projected Jackpot | $511,000,000 | | Cash Value | $231,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $231,000,000 | | Federal Tax(24%) | $55,440,000 | | Additional Federal Tax | $29,990,330 | | State Tax(6.99%) | $16,146,900 | | Net Lumpsum Payment | $129,422,770 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,691,061 |
$2,806,023
$537,605 |
$4,347,433 |
| 2 |
$8,075,844 |
$2,948,393
$564,501 |
$4,562,950 |
| 3 |
$8,479,534 |
$3,097,758
$592,719 |
$4,789,057 |
| 4 |
$8,903,664 |
$3,254,686
$622,366 |
$5,026,612 |
| 5 |
$9,348,745 |
$3,419,366
$653,477 |
$5,275,902 |
| 6 |
$9,816,310 |
$3,592,365
$686,160 |
$5,537,785 |
| 7 |
$10,306,870 |
$3,773,872
$720,450 |
$5,812,548 |
| 8 |
$10,822,469 |
$3,964,644
$756,491 |
$6,101,334 |
| 9 |
$11,363,618 |
$4,164,869
$794,317 |
$6,404,432 |
| 10 |
$11,931,850 |
$4,375,115
$834,036 |
$6,722,699 |
| 11 |
$12,528,187 |
$4,595,760
$875,720 |
$7,056,707 |
| 12 |
$13,154,673 |
$4,827,559
$919,512 |
$7,407,602 |
| 13 |
$13,812,330 |
$5,070,892
$965,482 |
$7,775,956 |
| 14 |
$14,503,202 |
$5,326,515
$1,013,774 |
$8,162,913 |
| 15 |
$15,228,311 |
$5,594,805
$1,064,459 |
$8,569,047 |
| 16 |
$15,989,701 |
$5,876,520
$1,117,680 |
$8,995,501 |
| 17 |
$16,788,905 |
$6,172,225
$1,173,544 |
$9,443,136 |
| 18 |
$17,628,478 |
$6,482,867
$1,232,231 |
$9,913,380 |
| 19 |
$18,509,953 |
$6,809,013
$1,293,846 |
$10,407,094 |
| 20 |
$19,435,374 |
$7,151,419
$1,358,533 |
$10,925,422 |
| 21 |
$20,407,296 |
$7,511,030
$1,426,470 |
$11,469,796 |
| 22 |
$21,427,763 |
$7,888,603
$1,497,801 |
$12,041,359 |
| 23 |
$22,498,819 |
$8,284,893
$1,572,667 |
$12,641,259 |
| 24 |
$23,624,041 |
$8,701,226
$1,651,320 |
$13,271,495 |
| 25 |
$24,804,962 |
$9,138,166
$1,733,867 |
$13,932,929 |
| 26 |
$26,045,670 |
$9,597,228
$1,820,592 |
$14,627,850 |
| 27 |
$27,347,698 |
$10,078,979
$1,911,604 |
$15,357,115 |
| 28 |
$28,715,134 |
$10,584,930
$2,007,188 |
$16,123,016 |
| 29 |
$30,151,044 |
$11,116,217
$2,107,558 |
$16,927,269 |
| 30 |
$31,658,494 |
$11,673,973
$2,212,929 |
$17,771,592 |
|
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