The jackpot for the MEGA Millions draw on Tue Jul 15, 2025, is projected to be $90 Million, with an option for a cash payout of $39.9 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 Jul 15, 2025 |
|---|
| Draw Date | Tue Jul 15, 2025 | | Projected Jackpot | $90,000,000 | | Cash Value | $39,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $39,900,000 | | Federal Tax(24%) | $9,576,000 | | Additional Federal Tax | $5,147,330 | | State Tax(6.99%) | $2,789,010 | | Net Lumpsum Payment | $22,387,660 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,354,590 |
$461,529
$94,686 |
$798,375 |
| 2 |
$1,422,360 |
$486,604
$99,423 |
$836,333 |
| 3 |
$1,493,460 |
$512,911
$104,393 |
$876,156 |
| 4 |
$1,568,160 |
$540,550
$109,614 |
$917,996 |
| 5 |
$1,646,550 |
$569,554
$115,094 |
$961,902 |
| 6 |
$1,728,900 |
$600,023
$120,850 |
$1,008,027 |
| 7 |
$1,815,300 |
$631,991
$126,889 |
$1,056,420 |
| 8 |
$1,906,110 |
$665,591
$133,237 |
$1,107,282 |
| 9 |
$2,001,420 |
$700,856
$139,899 |
$1,160,665 |
| 10 |
$2,101,500 |
$737,885
$146,895 |
$1,216,720 |
| 11 |
$2,206,530 |
$776,746
$154,236 |
$1,275,548 |
| 12 |
$2,316,870 |
$817,572
$161,949 |
$1,337,349 |
| 13 |
$2,432,700 |
$860,429
$170,046 |
$1,402,225 |
| 14 |
$2,554,380 |
$905,451
$178,551 |
$1,470,378 |
| 15 |
$2,682,090 |
$952,704
$187,478 |
$1,541,908 |
| 16 |
$2,816,190 |
$1,002,321
$196,852 |
$1,617,017 |
| 17 |
$2,956,950 |
$1,054,402
$206,691 |
$1,695,857 |
| 18 |
$3,104,820 |
$1,109,114
$217,027 |
$1,778,679 |
| 19 |
$3,260,070 |
$1,166,556
$227,879 |
$1,865,635 |
| 20 |
$3,423,060 |
$1,226,863
$239,272 |
$1,956,925 |
| 21 |
$3,594,240 |
$1,290,199
$251,237 |
$2,052,804 |
| 22 |
$3,773,970 |
$1,356,699
$263,801 |
$2,153,470 |
| 23 |
$3,962,610 |
$1,426,496
$276,986 |
$2,259,128 |
| 24 |
$4,160,790 |
$1,499,823
$290,839 |
$2,370,128 |
| 25 |
$4,368,780 |
$1,576,779
$305,378 |
$2,486,623 |
| 26 |
$4,587,300 |
$1,657,631
$320,652 |
$2,609,017 |
| 27 |
$4,816,620 |
$1,742,480
$336,682 |
$2,737,458 |
| 28 |
$5,057,460 |
$1,831,591
$353,516 |
$2,872,353 |
| 29 |
$5,310,360 |
$1,925,164
$371,194 |
$3,014,002 |
| 30 |
$5,575,860 |
$2,023,399
$389,753 |
$3,162,708 |
|
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