The jackpot for the MEGA Millions draw on Tue Oct 27, 2026, is projected to be $443 Million, with an option for a cash payout of $186.5 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 Oct 27, 2026 |
|---|
| Draw Date | Tue Oct 27, 2026 | | Projected Jackpot | $443,000,000 | | Cash Value | $186,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $186,500,000 | | Federal Tax(24%) | $44,760,000 | | Additional Federal Tax | $24,205,330 | | State Tax(6.99%) | $13,036,350 | | Net Lumpsum Payment | $104,498,320 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,667,593 |
$2,427,340
$466,065 |
$3,774,188 |
| 2 |
$7,001,172 |
$2,550,764
$489,382 |
$3,961,026 |
| 3 |
$7,351,142 |
$2,680,253
$513,845 |
$4,157,044 |
| 4 |
$7,718,832 |
$2,816,298
$539,546 |
$4,362,988 |
| 5 |
$8,104,685 |
$2,959,064
$566,517 |
$4,579,104 |
| 6 |
$8,510,030 |
$3,109,041
$594,851 |
$4,806,138 |
| 7 |
$8,935,310 |
$3,266,395
$624,578 |
$5,044,337 |
| 8 |
$9,382,297 |
$3,431,780
$655,823 |
$5,294,694 |
| 9 |
$9,851,434 |
$3,605,361
$688,615 |
$5,557,458 |
| 10 |
$10,344,050 |
$3,787,629
$723,049 |
$5,833,372 |
| 11 |
$10,861,031 |
$3,978,912
$759,186 |
$6,122,933 |
| 12 |
$11,404,149 |
$4,179,866
$797,150 |
$6,427,133 |
| 13 |
$11,974,290 |
$4,390,818
$837,003 |
$6,746,469 |
| 14 |
$12,573,226 |
$4,612,424
$878,868 |
$7,081,934 |
| 15 |
$13,201,843 |
$4,845,012
$922,809 |
$7,434,022 |
| 16 |
$13,861,913 |
$5,089,238
$968,948 |
$7,803,727 |
| 17 |
$14,554,765 |
$5,345,593
$1,017,378 |
$8,191,794 |
| 18 |
$15,282,614 |
$5,614,898
$1,068,255 |
$8,599,461 |
| 19 |
$16,046,789 |
$5,897,642
$1,121,671 |
$9,027,476 |
| 20 |
$16,849,062 |
$6,194,483
$1,177,749 |
$9,476,830 |
| 21 |
$17,691,648 |
$6,506,240
$1,236,646 |
$9,948,762 |
| 22 |
$18,576,319 |
$6,833,568
$1,298,485 |
$10,444,266 |
| 23 |
$19,504,847 |
$7,177,124
$1,363,389 |
$10,964,334 |
| 24 |
$20,480,333 |
$7,538,054
$1,431,575 |
$11,510,704 |
| 25 |
$21,504,106 |
$7,916,850
$1,503,137 |
$12,084,119 |
| 26 |
$22,579,710 |
$8,314,823
$1,578,322 |
$12,686,565 |
| 27 |
$23,708,474 |
$8,732,466
$1,657,222 |
$13,318,786 |
| 28 |
$24,893,942 |
$9,171,089
$1,740,087 |
$13,982,766 |
| 29 |
$26,138,772 |
$9,631,676
$1,827,100 |
$14,679,996 |
| 30 |
$27,445,622 |
$10,115,211
$1,918,449 |
$15,411,962 |
|
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