The jackpot for the MEGA Millions draw on Fri Sep 19, 2025, is projected to be $423 Million, with an option for a cash payout of $196.5 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 Fri Sep 19, 2025 |
|---|
| Draw Date | Fri Sep 19, 2025 | | Projected Jackpot | $423,000,000 | | Cash Value | $196,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $196,500,000 | | Federal Tax(24%) | $47,160,000 | | Additional Federal Tax | $25,505,330 | | State Tax(6.99%) | $13,735,350 | | Net Lumpsum Payment | $110,099,320 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,366,573 |
$2,315,962
$445,023 |
$3,605,588 |
| 2 |
$6,685,092 |
$2,433,814
$467,288 |
$3,783,990 |
| 3 |
$7,019,262 |
$2,557,457
$490,646 |
$3,971,159 |
| 4 |
$7,370,352 |
$2,687,361
$515,188 |
$4,167,803 |
| 5 |
$7,738,785 |
$2,823,681
$540,941 |
$4,374,163 |
| 6 |
$8,125,830 |
$2,966,887
$567,996 |
$4,590,947 |
| 7 |
$8,531,910 |
$3,117,137
$596,381 |
$4,818,392 |
| 8 |
$8,958,717 |
$3,275,056
$626,214 |
$5,057,447 |
| 9 |
$9,406,674 |
$3,440,800
$657,527 |
$5,308,347 |
| 10 |
$9,877,050 |
$3,614,839
$690,406 |
$5,571,805 |
| 11 |
$10,370,691 |
$3,797,486
$724,911 |
$5,848,294 |
| 12 |
$10,889,289 |
$3,989,367
$761,161 |
$6,138,761 |
| 13 |
$11,433,690 |
$4,190,796
$799,215 |
$6,443,679 |
| 14 |
$12,005,586 |
$4,402,397
$839,190 |
$6,763,999 |
| 15 |
$12,605,823 |
$4,624,485
$881,147 |
$7,100,191 |
| 16 |
$13,236,093 |
$4,857,685
$925,203 |
$7,453,205 |
| 17 |
$13,897,665 |
$5,102,466
$971,447 |
$7,823,752 |
| 18 |
$14,592,654 |
$5,359,612
$1,020,027 |
$8,213,015 |
| 19 |
$15,322,329 |
$5,629,592
$1,071,031 |
$8,621,706 |
| 20 |
$16,088,382 |
$5,913,032
$1,124,578 |
$9,050,772 |
| 21 |
$16,892,928 |
$6,210,714
$1,180,816 |
$9,501,398 |
| 22 |
$17,737,659 |
$6,523,264
$1,239,862 |
$9,974,533 |
| 23 |
$18,624,267 |
$6,851,309
$1,301,836 |
$10,471,122 |
| 24 |
$19,555,713 |
$7,195,944
$1,366,944 |
$10,992,825 |
| 25 |
$20,533,266 |
$7,557,639
$1,435,275 |
$11,540,352 |
| 26 |
$21,560,310 |
$7,937,645
$1,507,066 |
$12,115,599 |
| 27 |
$22,638,114 |
$8,336,433
$1,582,404 |
$12,719,277 |
| 28 |
$23,770,062 |
$8,755,253
$1,661,527 |
$13,353,282 |
| 29 |
$24,958,692 |
$9,195,046
$1,744,613 |
$14,019,033 |
| 30 |
$26,206,542 |
$9,656,751
$1,831,837 |
$14,717,954 |
|
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