The jackpot for the MEGA Millions draw on Tue Nov 4, 2025, is projected to be $800 Million, with an option for a cash payout of $371.7 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 Nov 4, 2025 |
|---|
| Draw Date | Tue Nov 4, 2025 | | Projected Jackpot | $800,000,000 | | Cash Value | $371,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $371,700,000 | | Federal Tax(24%) | $89,208,000 | | Additional Federal Tax | $48,281,330 | | State Tax(6.99%) | $25,981,830 | | Net Lumpsum Payment | $208,228,840 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$12,040,800 |
$4,415,426
$841,652 |
$6,783,722 |
| 2 |
$12,643,200 |
$4,638,314
$883,760 |
$7,121,126 |
| 3 |
$13,275,200 |
$4,872,154
$927,936 |
$7,475,110 |
| 4 |
$13,939,200 |
$5,117,834
$974,350 |
$7,847,016 |
| 5 |
$14,636,000 |
$5,375,650
$1,023,056 |
$8,237,294 |
| 6 |
$15,368,000 |
$5,646,490
$1,074,223 |
$8,647,287 |
| 7 |
$16,136,000 |
$5,930,650
$1,127,906 |
$9,077,444 |
| 8 |
$16,943,200 |
$6,229,314
$1,184,330 |
$9,529,556 |
| 9 |
$17,790,400 |
$6,542,778
$1,243,549 |
$10,004,073 |
| 10 |
$18,680,000 |
$6,871,930
$1,305,732 |
$10,502,338 |
| 11 |
$19,613,600 |
$7,217,362
$1,370,991 |
$11,025,247 |
| 12 |
$20,594,400 |
$7,580,258
$1,439,549 |
$11,574,593 |
| 13 |
$21,624,000 |
$7,961,210
$1,511,518 |
$12,151,272 |
| 14 |
$22,705,600 |
$8,361,402
$1,587,121 |
$12,757,077 |
| 15 |
$23,840,800 |
$8,781,426
$1,666,472 |
$13,392,902 |
| 16 |
$25,032,800 |
$9,222,466
$1,749,793 |
$14,060,541 |
| 17 |
$26,284,000 |
$9,685,410
$1,837,252 |
$14,761,338 |
| 18 |
$27,598,400 |
$10,171,738
$1,929,128 |
$15,497,534 |
| 19 |
$28,978,400 |
$10,682,338
$2,025,590 |
$16,270,472 |
| 20 |
$30,427,200 |
$11,218,394
$2,126,861 |
$17,081,945 |
| 21 |
$31,948,800 |
$11,781,386
$2,233,221 |
$17,934,193 |
| 22 |
$33,546,400 |
$12,372,498
$2,344,893 |
$18,829,009 |
| 23 |
$35,223,200 |
$12,992,914
$2,462,102 |
$19,768,184 |
| 24 |
$36,984,800 |
$13,644,706
$2,585,238 |
$20,754,856 |
| 25 |
$38,833,600 |
$14,328,762
$2,714,469 |
$21,790,369 |
| 26 |
$40,776,000 |
$15,047,450
$2,850,242 |
$22,878,308 |
| 27 |
$42,814,400 |
$15,801,658
$2,992,727 |
$24,020,015 |
| 28 |
$44,955,200 |
$16,593,754
$3,142,368 |
$25,219,078 |
| 29 |
$47,203,200 |
$17,425,514
$3,299,504 |
$26,478,182 |
| 30 |
$49,563,200 |
$18,298,714
$3,464,468 |
$27,800,018 |
|
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