The jackpot for the MEGA Millions draw on Fri Mar 6, 2026, is projected to be $496 Million, with an option for a cash payout of $232.6 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 Mar 6, 2026 |
|---|
| Draw Date | Fri Mar 6, 2026 | | Projected Jackpot | $496,000,000 | | Cash Value | $232,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $232,600,000 | | Federal Tax(24%) | $55,824,000 | | Additional Federal Tax | $30,198,330 | | State Tax(6.99%) | $16,258,740 | | Net Lumpsum Payment | $130,318,930 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,465,296 |
$2,722,490
$521,824 |
$4,220,982 |
| 2 |
$7,838,784 |
$2,860,680
$547,931 |
$4,430,173 |
| 3 |
$8,230,624 |
$3,005,661
$575,321 |
$4,649,642 |
| 4 |
$8,642,304 |
$3,157,983
$604,097 |
$4,880,224 |
| 5 |
$9,074,320 |
$3,317,829
$634,295 |
$5,122,196 |
| 6 |
$9,528,160 |
$3,485,750
$666,018 |
$5,376,392 |
| 7 |
$10,004,320 |
$3,661,929
$699,302 |
$5,643,089 |
| 8 |
$10,504,784 |
$3,847,100
$734,284 |
$5,923,400 |
| 9 |
$11,030,048 |
$4,041,448
$771,000 |
$6,217,600 |
| 10 |
$11,581,600 |
$4,245,522
$809,554 |
$6,526,524 |
| 11 |
$12,160,432 |
$4,459,690
$850,014 |
$6,850,728 |
| 12 |
$12,768,528 |
$4,684,686
$892,520 |
$7,191,322 |
| 13 |
$13,406,880 |
$4,920,876
$937,141 |
$7,548,863 |
| 14 |
$14,077,472 |
$5,168,995
$984,015 |
$7,924,462 |
| 15 |
$14,781,296 |
$5,429,410
$1,033,213 |
$8,318,673 |
| 16 |
$15,520,336 |
$5,702,855
$1,084,871 |
$8,732,610 |
| 17 |
$16,296,080 |
$5,989,880
$1,139,096 |
$9,167,104 |
| 18 |
$17,111,008 |
$6,291,403
$1,196,059 |
$9,623,546 |
| 19 |
$17,966,608 |
$6,607,975
$1,255,866 |
$10,102,767 |
| 20 |
$18,864,864 |
$6,940,330
$1,318,654 |
$10,605,880 |
| 21 |
$19,808,256 |
$7,289,385
$1,384,597 |
$11,134,274 |
| 22 |
$20,798,768 |
$7,655,875
$1,453,834 |
$11,689,059 |
| 23 |
$21,838,384 |
$8,040,532
$1,526,503 |
$12,271,349 |
| 24 |
$22,930,576 |
$8,444,644
$1,602,847 |
$12,883,085 |
| 25 |
$24,076,832 |
$8,868,758
$1,682,971 |
$13,525,103 |
| 26 |
$25,281,120 |
$9,314,345
$1,767,150 |
$14,199,625 |
| 27 |
$26,544,928 |
$9,781,954
$1,855,490 |
$14,907,484 |
| 28 |
$27,872,224 |
$10,273,053
$1,948,268 |
$15,650,903 |
| 29 |
$29,265,984 |
$10,788,744
$2,045,692 |
$16,431,548 |
| 30 |
$30,729,184 |
$11,330,128
$2,147,970 |
$17,251,086 |
|
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