The jackpot for the MEGA Millions draw on Tue Jun 24, 2025, is projected to be $326 Million, with an option for a cash payout of $145.7 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 Jun 24, 2025 |
|---|
| Draw Date | Tue Jun 24, 2025 | | Projected Jackpot | $326,000,000 | | Cash Value | $145,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $145,700,000 | | Federal Tax(24%) | $34,968,000 | | Additional Federal Tax | $18,901,330 | | State Tax(6.99%) | $10,184,430 | | Net Lumpsum Payment | $81,646,240 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,906,626 |
$1,775,782
$342,973 |
$2,787,871 |
| 2 |
$5,152,104 |
$1,866,609
$360,132 |
$2,925,363 |
| 3 |
$5,409,644 |
$1,961,899
$378,134 |
$3,069,611 |
| 4 |
$5,680,224 |
$2,062,013
$397,048 |
$3,221,163 |
| 5 |
$5,964,170 |
$2,167,073
$416,895 |
$3,380,202 |
| 6 |
$6,262,460 |
$2,277,441
$437,746 |
$3,547,273 |
| 7 |
$6,575,420 |
$2,393,236
$459,622 |
$3,722,562 |
| 8 |
$6,904,354 |
$2,514,941
$482,614 |
$3,906,799 |
| 9 |
$7,249,588 |
$2,642,678
$506,746 |
$4,100,164 |
| 10 |
$7,612,100 |
$2,776,807
$532,086 |
$4,303,207 |
| 11 |
$7,992,542 |
$2,917,571
$558,679 |
$4,516,292 |
| 12 |
$8,392,218 |
$3,065,451
$586,616 |
$4,740,151 |
| 13 |
$8,811,780 |
$3,220,689
$615,943 |
$4,975,148 |
| 14 |
$9,252,532 |
$3,383,767
$646,752 |
$5,222,013 |
| 15 |
$9,715,126 |
$3,554,927
$679,087 |
$5,481,112 |
| 16 |
$10,200,866 |
$3,734,651
$713,041 |
$5,753,174 |
| 17 |
$10,710,730 |
$3,923,300
$748,680 |
$6,038,750 |
| 18 |
$11,246,348 |
$4,121,479
$786,120 |
$6,338,749 |
| 19 |
$11,808,698 |
$4,329,549
$825,428 |
$6,653,721 |
| 20 |
$12,399,084 |
$4,547,991
$866,696 |
$6,984,397 |
| 21 |
$13,019,136 |
$4,777,411
$910,038 |
$7,331,687 |
| 22 |
$13,670,158 |
$5,018,289
$955,544 |
$7,696,325 |
| 23 |
$14,353,454 |
$5,271,108
$1,003,306 |
$8,079,040 |
| 24 |
$15,071,306 |
$5,536,714
$1,053,484 |
$8,481,108 |
| 25 |
$15,824,692 |
$5,815,466
$1,106,146 |
$8,903,080 |
| 26 |
$16,616,220 |
$6,108,332
$1,161,474 |
$9,346,414 |
| 27 |
$17,446,868 |
$6,415,672
$1,219,536 |
$9,811,660 |
| 28 |
$18,319,244 |
$6,738,451
$1,280,515 |
$10,300,278 |
| 29 |
$19,235,304 |
$7,077,393
$1,344,548 |
$10,813,363 |
| 30 |
$20,197,004 |
$7,433,222
$1,411,771 |
$11,352,011 |
|
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