The jackpot for the MEGA Millions draw on Fri Oct 10, 2025, is projected to be $575 Million, with an option for a cash payout of $264.6 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 Oct 10, 2025 |
|---|
| Draw Date | Fri Oct 10, 2025 | | Projected Jackpot | $575,000,000 | | Cash Value | $264,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $264,600,000 | | Federal Tax(24%) | $63,504,000 | | Additional Federal Tax | $34,358,330 | | State Tax(6.99%) | $18,495,540 | | Net Lumpsum Payment | $148,242,130 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,654,325 |
$3,162,431
$604,937 |
$4,886,957 |
| 2 |
$9,087,300 |
$3,322,631
$635,202 |
$5,129,467 |
| 3 |
$9,541,550 |
$3,490,704
$666,954 |
$5,383,892 |
| 4 |
$10,018,800 |
$3,667,286
$700,314 |
$5,651,200 |
| 5 |
$10,519,625 |
$3,852,592
$735,322 |
$5,931,711 |
| 6 |
$11,045,750 |
$4,047,258
$772,098 |
$6,226,394 |
| 7 |
$11,597,750 |
$4,251,498
$810,683 |
$6,535,569 |
| 8 |
$12,177,925 |
$4,466,163
$851,237 |
$6,860,525 |
| 9 |
$12,786,850 |
$4,691,465
$893,801 |
$7,201,584 |
| 10 |
$13,426,250 |
$4,928,043
$938,495 |
$7,559,712 |
| 11 |
$14,097,275 |
$5,176,322
$985,400 |
$7,935,553 |
| 12 |
$14,802,225 |
$5,437,154
$1,034,676 |
$8,330,395 |
| 13 |
$15,542,250 |
$5,710,963
$1,086,403 |
$8,744,884 |
| 14 |
$16,319,650 |
$5,998,601
$1,140,744 |
$9,180,305 |
| 15 |
$17,135,575 |
$6,300,493
$1,197,777 |
$9,637,305 |
| 16 |
$17,992,325 |
$6,617,491
$1,257,664 |
$10,117,170 |
| 17 |
$18,891,625 |
$6,950,232
$1,320,525 |
$10,620,868 |
| 18 |
$19,836,350 |
$7,299,780
$1,386,561 |
$11,150,009 |
| 19 |
$20,828,225 |
$7,666,774
$1,455,893 |
$11,705,558 |
| 20 |
$21,869,550 |
$8,052,064
$1,528,682 |
$12,288,804 |
| 21 |
$22,963,200 |
$8,456,714
$1,605,128 |
$12,901,358 |
| 22 |
$24,111,475 |
$8,881,576
$1,685,392 |
$13,544,507 |
| 23 |
$25,316,675 |
$9,327,500
$1,769,636 |
$14,219,539 |
| 24 |
$26,582,825 |
$9,795,976
$1,858,139 |
$14,928,710 |
| 25 |
$27,911,650 |
$10,287,641
$1,951,024 |
$15,672,985 |
| 26 |
$29,307,750 |
$10,804,198
$2,048,612 |
$16,454,940 |
| 27 |
$30,772,850 |
$11,346,285
$2,151,022 |
$17,275,543 |
| 28 |
$32,311,550 |
$11,915,604
$2,258,577 |
$18,137,369 |
| 29 |
$33,927,300 |
$12,513,431
$2,371,518 |
$19,042,351 |
| 30 |
$35,623,550 |
$13,141,044
$2,490,086 |
$19,992,420 |
|
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