The jackpot for the MEGA Millions draw on Tue Sep 16, 2025, is projected to be $400 Million, with an option for a cash payout of $185.8 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 Sep 16, 2025 |
|---|
| Draw Date | Tue Sep 16, 2025 | | Projected Jackpot | $400,000,000 | | Cash Value | $185,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $185,800,000 | | Federal Tax(24%) | $44,592,000 | | Additional Federal Tax | $24,114,330 | | State Tax(6.99%) | $12,987,420 | | Net Lumpsum Payment | $104,106,250 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,020,400 |
$2,187,878
$420,826 |
$3,411,696 |
| 2 |
$6,321,600 |
$2,299,322
$441,880 |
$3,580,398 |
| 3 |
$6,637,600 |
$2,416,242
$463,968 |
$3,757,390 |
| 4 |
$6,969,600 |
$2,539,082
$487,175 |
$3,943,343 |
| 5 |
$7,318,000 |
$2,667,990
$511,528 |
$4,138,482 |
| 6 |
$7,684,000 |
$2,803,410
$537,112 |
$4,343,478 |
| 7 |
$8,068,000 |
$2,945,490
$563,953 |
$4,558,557 |
| 8 |
$8,471,600 |
$3,094,822
$592,165 |
$4,784,613 |
| 9 |
$8,895,200 |
$3,251,554
$621,774 |
$5,021,872 |
| 10 |
$9,340,000 |
$3,416,130
$652,866 |
$5,271,004 |
| 11 |
$9,806,800 |
$3,588,846
$685,495 |
$5,532,459 |
| 12 |
$10,297,200 |
$3,770,294
$719,774 |
$5,807,132 |
| 13 |
$10,812,000 |
$3,960,770
$755,759 |
$6,095,471 |
| 14 |
$11,352,800 |
$4,160,866
$793,561 |
$6,398,373 |
| 15 |
$11,920,400 |
$4,370,878
$833,236 |
$6,716,286 |
| 16 |
$12,516,400 |
$4,591,398
$874,896 |
$7,050,106 |
| 17 |
$13,142,000 |
$4,822,870
$918,626 |
$7,400,504 |
| 18 |
$13,799,200 |
$5,066,034
$964,564 |
$7,768,602 |
| 19 |
$14,489,200 |
$5,321,334
$1,012,795 |
$8,155,071 |
| 20 |
$15,213,600 |
$5,589,362
$1,063,431 |
$8,560,807 |
| 21 |
$15,974,400 |
$5,870,858
$1,116,611 |
$8,986,931 |
| 22 |
$16,773,200 |
$6,166,414
$1,172,447 |
$9,434,339 |
| 23 |
$17,611,600 |
$6,476,622
$1,231,051 |
$9,903,927 |
| 24 |
$18,492,400 |
$6,802,518
$1,292,619 |
$10,397,263 |
| 25 |
$19,416,800 |
$7,144,546
$1,357,234 |
$10,915,020 |
| 26 |
$20,388,000 |
$7,503,890
$1,425,121 |
$11,458,989 |
| 27 |
$21,407,200 |
$7,880,994
$1,496,363 |
$12,029,843 |
| 28 |
$22,477,600 |
$8,277,042
$1,571,184 |
$12,629,374 |
| 29 |
$23,601,600 |
$8,692,922
$1,649,752 |
$13,258,926 |
| 30 |
$24,781,600 |
$9,129,522
$1,732,234 |
$13,919,844 |
|
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