The jackpot for the MEGA Millions draw on Tue Aug 5, 2025, is projected to be $150 Million, with an option for a cash payout of $67.9 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 Aug 5, 2025 |
|---|
| Draw Date | Tue Aug 5, 2025 | | Projected Jackpot | $150,000,000 | | Cash Value | $67,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $67,900,000 | | Federal Tax(24%) | $16,296,000 | | Additional Federal Tax | $8,787,330 | | State Tax(6.99%) | $4,746,210 | | Net Lumpsum Payment | $38,070,460 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,257,650 |
$795,661
$157,810 |
$1,304,179 |
| 2 |
$2,370,600 |
$837,452
$165,705 |
$1,367,443 |
| 3 |
$2,489,100 |
$881,297
$173,988 |
$1,433,815 |
| 4 |
$2,613,600 |
$927,362
$182,691 |
$1,503,547 |
| 5 |
$2,744,250 |
$975,703
$191,823 |
$1,576,724 |
| 6 |
$2,881,500 |
$1,026,485
$201,417 |
$1,653,598 |
| 7 |
$3,025,500 |
$1,079,765
$211,482 |
$1,734,253 |
| 8 |
$3,176,850 |
$1,135,765
$222,062 |
$1,819,023 |
| 9 |
$3,335,700 |
$1,194,539
$233,165 |
$1,907,996 |
| 10 |
$3,502,500 |
$1,256,255
$244,825 |
$2,001,420 |
| 11 |
$3,677,550 |
$1,321,024
$257,061 |
$2,099,465 |
| 12 |
$3,861,450 |
$1,389,067
$269,915 |
$2,202,468 |
| 13 |
$4,054,500 |
$1,460,495
$283,410 |
$2,310,595 |
| 14 |
$4,257,300 |
$1,535,531
$297,585 |
$2,424,184 |
| 15 |
$4,470,150 |
$1,614,286
$312,463 |
$2,543,401 |
| 16 |
$4,693,650 |
$1,696,981
$328,086 |
$2,668,583 |
| 17 |
$4,928,250 |
$1,783,783
$344,485 |
$2,799,982 |
| 18 |
$5,174,700 |
$1,874,969
$361,712 |
$2,938,019 |
| 19 |
$5,433,450 |
$1,970,707
$379,798 |
$3,082,945 |
| 20 |
$5,705,100 |
$2,071,217
$398,786 |
$3,235,097 |
| 21 |
$5,990,400 |
$2,176,778
$418,729 |
$3,394,893 |
| 22 |
$6,289,950 |
$2,287,612
$439,668 |
$3,562,670 |
| 23 |
$6,604,350 |
$2,403,940
$461,644 |
$3,738,766 |
| 24 |
$6,934,650 |
$2,526,151
$484,732 |
$3,923,767 |
| 25 |
$7,281,300 |
$2,654,411
$508,963 |
$4,117,926 |
| 26 |
$7,645,500 |
$2,789,165
$534,420 |
$4,321,915 |
| 27 |
$8,027,700 |
$2,930,579
$561,136 |
$4,535,985 |
| 28 |
$8,429,100 |
$3,079,097
$589,194 |
$4,760,809 |
| 29 |
$8,850,600 |
$3,235,052
$618,657 |
$4,996,891 |
| 30 |
$9,293,100 |
$3,398,777
$649,588 |
$5,244,735 |
|
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