The jackpot for the MEGA Millions draw on Tue Jun 17, 2025, is projected to be $280 Million, with an option for a cash payout of $126.1 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 Jun 17, 2025 |
|---|
| Draw Date | Tue Jun 17, 2025 | | Projected Jackpot | $280,000,000 | | Cash Value | $126,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $126,100,000 | | Federal Tax(24%) | $30,264,000 | | Additional Federal Tax | $16,353,330 | | State Tax(6.99%) | $8,814,390 | | Net Lumpsum Payment | $70,668,280 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,214,280 |
$1,519,614
$294,578 |
$2,400,088 |
| 2 |
$4,425,120 |
$1,597,625
$309,316 |
$2,518,179 |
| 3 |
$4,646,320 |
$1,679,469
$324,778 |
$2,642,073 |
| 4 |
$4,878,720 |
$1,765,457
$341,023 |
$2,772,240 |
| 5 |
$5,122,600 |
$1,855,692
$358,070 |
$2,908,838 |
| 6 |
$5,378,800 |
$1,950,486
$375,978 |
$3,052,336 |
| 7 |
$5,647,600 |
$2,049,942
$394,767 |
$3,202,891 |
| 8 |
$5,930,120 |
$2,154,475
$414,515 |
$3,361,130 |
| 9 |
$6,226,640 |
$2,264,187
$435,242 |
$3,527,211 |
| 10 |
$6,538,000 |
$2,379,390
$457,006 |
$3,701,604 |
| 11 |
$6,864,760 |
$2,500,292
$479,847 |
$3,884,621 |
| 12 |
$7,208,040 |
$2,627,305
$503,842 |
$4,076,893 |
| 13 |
$7,568,400 |
$2,760,638
$529,031 |
$4,278,731 |
| 14 |
$7,946,960 |
$2,900,706
$555,493 |
$4,490,761 |
| 15 |
$8,344,280 |
$3,047,714
$583,265 |
$4,713,301 |
| 16 |
$8,761,480 |
$3,202,078
$612,427 |
$4,946,975 |
| 17 |
$9,199,400 |
$3,364,108
$643,038 |
$5,192,254 |
| 18 |
$9,659,440 |
$3,534,323
$675,195 |
$5,449,922 |
| 19 |
$10,142,440 |
$3,713,033
$708,957 |
$5,720,450 |
| 20 |
$10,649,520 |
$3,900,653
$744,401 |
$6,004,466 |
| 21 |
$11,182,080 |
$4,097,700
$781,627 |
$6,302,753 |
| 22 |
$11,741,240 |
$4,304,589
$820,713 |
$6,615,938 |
| 23 |
$12,328,120 |
$4,521,735
$861,736 |
$6,944,649 |
| 24 |
$12,944,680 |
$4,749,862
$904,833 |
$7,289,985 |
| 25 |
$13,591,760 |
$4,989,282
$950,064 |
$7,652,414 |
| 26 |
$14,271,600 |
$5,240,822
$997,585 |
$8,033,193 |
| 27 |
$14,985,040 |
$5,504,795
$1,047,454 |
$8,432,791 |
| 28 |
$15,734,320 |
$5,782,029
$1,099,829 |
$8,852,462 |
| 29 |
$16,521,120 |
$6,073,145
$1,154,826 |
$9,293,149 |
| 30 |
$17,347,120 |
$6,378,765
$1,212,564 |
$9,755,791 |
|
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