The jackpot for the MEGA Millions draw on Tue Oct 14, 2025, is projected to be $600 Million, with an option for a cash payout of $277.2 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 14, 2025 |
|---|
| Draw Date | Tue Oct 14, 2025 | | Projected Jackpot | $600,000,000 | | Cash Value | $277,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $277,200,000 | | Federal Tax(24%) | $66,528,000 | | Additional Federal Tax | $35,996,330 | | State Tax(6.99%) | $19,376,280 | | Net Lumpsum Payment | $155,299,390 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,030,600 |
$3,301,652
$631,239 |
$5,097,709 |
| 2 |
$9,482,400 |
$3,468,818
$662,820 |
$5,350,762 |
| 3 |
$9,956,400 |
$3,644,198
$695,952 |
$5,616,250 |
| 4 |
$10,454,400 |
$3,828,458
$730,763 |
$5,895,179 |
| 5 |
$10,977,000 |
$4,021,820
$767,292 |
$6,187,888 |
| 6 |
$11,526,000 |
$4,224,950
$805,667 |
$6,495,383 |
| 7 |
$12,102,000 |
$4,438,070
$845,930 |
$6,818,000 |
| 8 |
$12,707,400 |
$4,662,068
$888,247 |
$7,157,085 |
| 9 |
$13,342,800 |
$4,897,166
$932,662 |
$7,512,972 |
| 10 |
$14,010,000 |
$5,144,030
$979,299 |
$7,886,671 |
| 11 |
$14,710,200 |
$5,403,104
$1,028,243 |
$8,278,853 |
| 12 |
$15,445,800 |
$5,675,276
$1,079,661 |
$8,690,863 |
| 13 |
$16,218,000 |
$5,960,990
$1,133,638 |
$9,123,372 |
| 14 |
$17,029,200 |
$6,261,134
$1,190,341 |
$9,577,725 |
| 15 |
$17,880,600 |
$6,576,152
$1,249,854 |
$10,054,594 |
| 16 |
$18,774,600 |
$6,906,932
$1,312,345 |
$10,555,323 |
| 17 |
$19,713,000 |
$7,254,140
$1,377,939 |
$11,080,921 |
| 18 |
$20,698,800 |
$7,618,886
$1,446,846 |
$11,633,068 |
| 19 |
$21,733,800 |
$8,001,836
$1,519,193 |
$12,212,771 |
| 20 |
$22,820,400 |
$8,403,878
$1,595,146 |
$12,821,376 |
| 21 |
$23,961,600 |
$8,826,122
$1,674,916 |
$13,460,562 |
| 22 |
$25,159,800 |
$9,269,456
$1,758,670 |
$14,131,674 |
| 23 |
$26,417,400 |
$9,734,768
$1,846,576 |
$14,836,056 |
| 24 |
$27,738,600 |
$10,223,612
$1,938,928 |
$15,576,060 |
| 25 |
$29,125,200 |
$10,736,654
$2,035,851 |
$16,352,695 |
| 26 |
$30,582,000 |
$11,275,670
$2,137,682 |
$17,168,648 |
| 27 |
$32,110,800 |
$11,841,326
$2,244,545 |
$18,024,929 |
| 28 |
$33,716,400 |
$12,435,398
$2,356,776 |
$18,924,226 |
| 29 |
$35,402,400 |
$13,059,218
$2,474,628 |
$19,868,554 |
| 30 |
$37,172,400 |
$13,714,118
$2,598,351 |
$20,859,931 |
|
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