The jackpot for the MEGA Millions draw on Tue Sep 1, 2026, is projected to be $160 Million, with an option for a cash payout of $68.9 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 Sep 1, 2026 |
|---|
| Draw Date | Tue Sep 1, 2026 | | Projected Jackpot | $160,000,000 | | Cash Value | $68,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $68,900,000 | | Federal Tax(24%) | $16,536,000 | | Additional Federal Tax | $8,917,330 | | State Tax(6.99%) | $4,816,110 | | Net Lumpsum Payment | $38,630,560 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,408,160 |
$851,350
$168,330 |
$1,388,480 |
| 2 |
$2,528,640 |
$895,927
$176,752 |
$1,455,961 |
| 3 |
$2,655,040 |
$942,695
$185,587 |
$1,526,758 |
| 4 |
$2,787,840 |
$991,831
$194,870 |
$1,601,139 |
| 5 |
$2,927,200 |
$1,043,394
$204,611 |
$1,679,195 |
| 6 |
$3,073,600 |
$1,097,562
$214,845 |
$1,761,193 |
| 7 |
$3,227,200 |
$1,154,394
$225,581 |
$1,847,225 |
| 8 |
$3,388,640 |
$1,214,127
$236,866 |
$1,937,647 |
| 9 |
$3,558,080 |
$1,276,820
$248,710 |
$2,032,550 |
| 10 |
$3,736,000 |
$1,342,650
$261,146 |
$2,132,204 |
| 11 |
$3,922,720 |
$1,411,737
$274,198 |
$2,236,785 |
| 12 |
$4,118,880 |
$1,484,316
$287,910 |
$2,346,654 |
| 13 |
$4,324,800 |
$1,560,506
$302,304 |
$2,461,990 |
| 14 |
$4,541,120 |
$1,640,545
$317,424 |
$2,583,151 |
| 15 |
$4,768,160 |
$1,724,550
$333,294 |
$2,710,316 |
| 16 |
$5,006,560 |
$1,812,758
$349,959 |
$2,843,843 |
| 17 |
$5,256,800 |
$1,905,346
$367,450 |
$2,984,004 |
| 18 |
$5,519,680 |
$2,002,612
$385,826 |
$3,131,242 |
| 19 |
$5,795,680 |
$2,104,732
$405,118 |
$3,285,830 |
| 20 |
$6,085,440 |
$2,211,943
$425,372 |
$3,448,125 |
| 21 |
$6,389,760 |
$2,324,542
$446,644 |
$3,618,574 |
| 22 |
$6,709,280 |
$2,442,764
$468,979 |
$3,797,537 |
| 23 |
$7,044,640 |
$2,566,847
$492,420 |
$3,985,373 |
| 24 |
$7,396,960 |
$2,697,206
$517,048 |
$4,182,706 |
| 25 |
$7,766,720 |
$2,834,017
$542,894 |
$4,389,809 |
| 26 |
$8,155,200 |
$2,977,754
$570,048 |
$4,607,398 |
| 27 |
$8,562,880 |
$3,128,596
$598,545 |
$4,835,739 |
| 28 |
$8,991,040 |
$3,287,015
$628,474 |
$5,075,551 |
| 29 |
$9,440,640 |
$3,453,367
$659,901 |
$5,327,372 |
| 30 |
$9,912,640 |
$3,628,007
$692,894 |
$5,591,739 |
|
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