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Connecticut MEGA Millions Jackpot Analysis
The MEGA Millions jackpot for the draw on is estimated to be $, with a cash option of . If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. The good news is that if you're a resident of Connecticut, you won't owe any state tax on your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Connecticut MEGA Millions Jackpot/Cash Option for

Draw Date Jackpot Cash Option
$0$0

Lumpsum Option Taxes and Payment

Category Amount
Cash Gross Payment$0
Federal Tax(24%)$0
Additional Federal Tax$0
State Tax(%)$0
Net Lumpsum Payment$0

Annuity Payment in 30 Installations

Year Gross Payment Fed/State Tax Net Payment
Cash Option: $129.5 Million
Next Draw: Fri Mar 14
Mega Millions
Tue Mar 11, 2025
011926386915
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