The jackpot for the MEGA Millions draw on Fri Jul 24, 2026, is projected to be $743 Million, with an option for a cash payout of $323.4 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 Jul 24, 2026 |
|---|
| Draw Date | Fri Jul 24, 2026 | | Projected Jackpot | $743,000,000 | | Cash Value | $323,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $323,400,000 | | Federal Tax(24%) | $77,616,000 | | Additional Federal Tax | $42,002,330 | | State Tax(6.99%) | $22,605,660 | | Net Lumpsum Payment | $181,176,010 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,182,893 |
$4,098,001
$781,684 |
$6,303,208 |
| 2 |
$11,742,372 |
$4,305,008
$820,792 |
$6,616,572 |
| 3 |
$12,329,342 |
$4,522,187
$861,821 |
$6,945,334 |
| 4 |
$12,946,032 |
$4,750,362
$904,928 |
$7,290,742 |
| 5 |
$13,593,185 |
$4,989,809
$950,164 |
$7,653,212 |
| 6 |
$14,273,030 |
$5,241,351
$997,685 |
$8,033,994 |
| 7 |
$14,986,310 |
$5,505,265
$1,047,543 |
$8,433,502 |
| 8 |
$15,735,997 |
$5,782,649
$1,099,946 |
$8,853,402 |
| 9 |
$16,522,834 |
$6,073,779
$1,154,946 |
$9,294,109 |
| 10 |
$17,349,050 |
$6,379,479
$1,212,699 |
$9,756,872 |
| 11 |
$18,216,131 |
$6,700,299
$1,273,308 |
$10,242,524 |
| 12 |
$19,127,049 |
$7,037,339
$1,336,981 |
$10,752,729 |
| 13 |
$20,083,290 |
$7,391,148
$1,403,822 |
$11,288,320 |
| 14 |
$21,087,826 |
$7,762,826
$1,474,039 |
$11,850,961 |
| 15 |
$22,142,143 |
$8,152,923
$1,547,736 |
$12,441,484 |
| 16 |
$23,249,213 |
$8,562,539
$1,625,120 |
$13,061,554 |
| 17 |
$24,411,265 |
$8,992,498
$1,706,347 |
$13,712,420 |
| 18 |
$25,632,014 |
$9,444,176
$1,791,678 |
$14,396,160 |
| 19 |
$26,913,689 |
$9,918,395
$1,881,267 |
$15,114,027 |
| 20 |
$28,259,262 |
$10,416,257
$1,975,322 |
$15,867,683 |
| 21 |
$29,672,448 |
$10,939,136
$2,074,104 |
$16,659,208 |
| 22 |
$31,156,219 |
$11,488,131
$2,177,820 |
$17,490,268 |
| 23 |
$32,713,547 |
$12,064,343
$2,286,677 |
$18,362,527 |
| 24 |
$34,349,633 |
$12,669,695
$2,401,039 |
$19,278,899 |
| 25 |
$36,066,706 |
$13,305,012
$2,521,063 |
$20,240,631 |
| 26 |
$37,870,710 |
$13,972,493
$2,647,163 |
$21,251,054 |
| 27 |
$39,763,874 |
$14,672,964
$2,779,495 |
$22,311,415 |
| 28 |
$41,752,142 |
$15,408,623
$2,918,475 |
$23,425,044 |
| 29 |
$43,839,972 |
$16,181,120
$3,064,414 |
$24,594,438 |
| 30 |
$46,031,822 |
$16,992,105
$3,217,624 |
$25,822,093 |
|
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