The jackpot for the MEGA Millions draw on Tue Jun 3, 2025, is projected to be $202 Million, with an option for a cash payout of $90 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 3, 2025 |
|---|
| Draw Date | Tue Jun 3, 2025 | | Projected Jackpot | $202,000,000 | | Cash Value | $90,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $90,000,000 | | Federal Tax(24%) | $21,600,000 | | Additional Federal Tax | $11,660,330 | | State Tax(6.99%) | $6,291,000 | | Net Lumpsum Payment | $50,448,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,040,302 |
$1,085,242
$212,517 |
$1,742,543 |
| 2 |
$3,192,408 |
$1,141,521
$223,149 |
$1,827,738 |
| 3 |
$3,351,988 |
$1,200,566
$234,304 |
$1,917,118 |
| 4 |
$3,519,648 |
$1,262,600
$246,023 |
$2,011,025 |
| 5 |
$3,695,590 |
$1,327,699
$258,322 |
$2,109,569 |
| 6 |
$3,880,420 |
$1,396,086
$271,241 |
$2,213,093 |
| 7 |
$4,074,340 |
$1,467,836
$284,796 |
$2,321,708 |
| 8 |
$4,278,158 |
$1,543,249
$299,043 |
$2,435,866 |
| 9 |
$4,492,076 |
$1,622,399
$313,996 |
$2,555,681 |
| 10 |
$4,716,700 |
$1,705,509
$329,697 |
$2,681,494 |
| 11 |
$4,952,434 |
$1,792,731
$346,175 |
$2,813,528 |
| 12 |
$5,200,086 |
$1,884,362
$363,486 |
$2,952,238 |
| 13 |
$5,460,060 |
$1,980,553
$381,658 |
$3,097,849 |
| 14 |
$5,733,164 |
$2,081,601
$400,748 |
$3,250,815 |
| 15 |
$6,019,802 |
$2,187,657
$420,784 |
$3,411,361 |
| 16 |
$6,320,782 |
$2,299,020
$441,823 |
$3,579,939 |
| 17 |
$6,636,710 |
$2,415,913
$463,906 |
$3,756,891 |
| 18 |
$6,968,596 |
$2,538,711
$487,105 |
$3,942,780 |
| 19 |
$7,317,046 |
$2,667,637
$511,462 |
$4,137,947 |
| 20 |
$7,682,868 |
$2,802,992
$537,032 |
$4,342,844 |
| 21 |
$8,067,072 |
$2,945,147
$563,888 |
$4,558,037 |
| 22 |
$8,470,466 |
$3,094,403
$592,086 |
$4,783,977 |
| 23 |
$8,893,858 |
$3,251,058
$621,681 |
$5,021,119 |
| 24 |
$9,338,662 |
$3,415,635
$652,772 |
$5,270,255 |
| 25 |
$9,805,484 |
$3,588,359
$685,403 |
$5,531,722 |
| 26 |
$10,295,940 |
$3,769,828
$719,686 |
$5,806,426 |
| 27 |
$10,810,636 |
$3,960,266
$755,663 |
$6,094,707 |
| 28 |
$11,351,188 |
$4,160,270
$793,448 |
$6,397,470 |
| 29 |
$11,918,808 |
$4,370,289
$833,125 |
$6,715,394 |
| 30 |
$12,514,708 |
$4,590,772
$874,778 |
$7,049,158 |
|
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