The jackpot for the MEGA Millions draw on Tue Oct 28, 2025, is projected to be $714 Million, with an option for a cash payout of $334.1 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 Oct 28, 2025 |
|---|
| Draw Date | Tue Oct 28, 2025 | | Projected Jackpot | $714,000,000 | | Cash Value | $334,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $334,100,000 | | Federal Tax(24%) | $80,184,000 | | Additional Federal Tax | $43,393,330 | | State Tax(6.99%) | $23,353,590 | | Net Lumpsum Payment | $187,169,080 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,746,414 |
$3,936,504
$751,174 |
$6,058,736 |
| 2 |
$11,284,056 |
$4,135,431
$788,756 |
$6,359,869 |
| 3 |
$11,848,116 |
$4,344,133
$828,183 |
$6,675,800 |
| 4 |
$12,440,736 |
$4,563,403
$869,607 |
$7,007,726 |
| 5 |
$13,062,630 |
$4,793,503
$913,078 |
$7,356,049 |
| 6 |
$13,715,940 |
$5,035,228
$958,744 |
$7,721,968 |
| 7 |
$14,401,380 |
$5,288,841
$1,006,656 |
$8,105,883 |
| 8 |
$15,121,806 |
$5,555,399
$1,057,014 |
$8,509,393 |
| 9 |
$15,877,932 |
$5,835,165
$1,109,867 |
$8,932,900 |
| 10 |
$16,671,900 |
$6,128,933
$1,165,366 |
$9,377,601 |
| 11 |
$17,505,138 |
$6,437,231
$1,223,609 |
$9,844,298 |
| 12 |
$18,380,502 |
$6,761,116
$1,284,797 |
$10,334,589 |
| 13 |
$19,299,420 |
$7,101,116
$1,349,029 |
$10,849,275 |
| 14 |
$20,264,748 |
$7,458,287
$1,416,506 |
$11,389,955 |
| 15 |
$21,277,914 |
$7,833,159
$1,487,326 |
$11,957,429 |
| 16 |
$22,341,774 |
$8,226,787
$1,561,690 |
$12,553,297 |
| 17 |
$23,458,470 |
$8,639,964
$1,639,747 |
$13,178,759 |
| 18 |
$24,631,572 |
$9,074,012
$1,721,747 |
$13,835,813 |
| 19 |
$25,863,222 |
$9,529,723
$1,807,839 |
$14,525,660 |
| 20 |
$27,156,276 |
$10,008,153
$1,898,224 |
$15,249,899 |
| 21 |
$28,514,304 |
$10,510,623
$1,993,150 |
$16,010,531 |
| 22 |
$29,940,162 |
$11,038,190
$2,092,817 |
$16,809,155 |
| 23 |
$31,436,706 |
$11,591,912
$2,197,426 |
$17,647,368 |
| 24 |
$33,008,934 |
$12,173,636
$2,307,324 |
$18,527,974 |
| 25 |
$34,658,988 |
$12,784,156
$2,422,663 |
$19,452,169 |
| 26 |
$36,392,580 |
$13,425,585
$2,543,841 |
$20,423,154 |
| 27 |
$38,211,852 |
$14,098,716
$2,671,008 |
$21,442,128 |
| 28 |
$40,122,516 |
$14,805,661
$2,804,564 |
$22,512,291 |
| 29 |
$42,128,856 |
$15,548,007
$2,944,807 |
$23,636,042 |
| 30 |
$44,235,156 |
$16,327,338
$3,092,037 |
$24,815,781 |
|
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