The jackpot for the MEGA Millions draw on Fri Jan 9, 2026, is projected to be $199 Million, with an option for a cash payout of $90.5 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 Fri Jan 9, 2026 |
|---|
| Draw Date | Fri Jan 9, 2026 | | Projected Jackpot | $199,000,000 | | Cash Value | $90,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $90,500,000 | | Federal Tax(24%) | $21,720,000 | | Additional Federal Tax | $11,725,330 | | State Tax(6.99%) | $6,325,950 | | Net Lumpsum Payment | $50,728,720 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,995,149 |
$1,068,536
$209,361 |
$1,717,252 |
| 2 |
$3,144,996 |
$1,123,979
$219,835 |
$1,801,182 |
| 3 |
$3,302,206 |
$1,182,147
$230,824 |
$1,889,235 |
| 4 |
$3,467,376 |
$1,243,260
$242,370 |
$1,981,746 |
| 5 |
$3,640,705 |
$1,307,391
$254,485 |
$2,078,829 |
| 6 |
$3,822,790 |
$1,374,763
$267,213 |
$2,180,814 |
| 7 |
$4,013,830 |
$1,445,447
$280,567 |
$2,287,816 |
| 8 |
$4,214,621 |
$1,519,740
$294,602 |
$2,400,279 |
| 9 |
$4,425,362 |
$1,597,714
$309,333 |
$2,518,315 |
| 10 |
$4,646,650 |
$1,679,591
$324,801 |
$2,642,258 |
| 11 |
$4,878,883 |
$1,765,517
$341,034 |
$2,772,332 |
| 12 |
$5,122,857 |
$1,855,787
$358,088 |
$2,908,982 |
| 13 |
$5,378,970 |
$1,950,549
$375,990 |
$3,052,431 |
| 14 |
$5,648,018 |
$2,050,097
$394,796 |
$3,203,125 |
| 15 |
$5,930,399 |
$2,154,578
$414,535 |
$3,361,286 |
| 16 |
$6,226,909 |
$2,264,287
$435,261 |
$3,527,361 |
| 17 |
$6,538,145 |
$2,379,444
$457,016 |
$3,701,685 |
| 18 |
$6,865,102 |
$2,500,418
$479,871 |
$3,884,813 |
| 19 |
$7,208,377 |
$2,627,430
$503,866 |
$4,077,081 |
| 20 |
$7,568,766 |
$2,760,774
$529,057 |
$4,278,935 |
| 21 |
$7,947,264 |
$2,900,818
$555,514 |
$4,490,932 |
| 22 |
$8,344,667 |
$3,047,857
$583,292 |
$4,713,518 |
| 23 |
$8,761,771 |
$3,202,186
$612,448 |
$4,947,137 |
| 24 |
$9,199,969 |
$3,364,319
$643,078 |
$5,192,572 |
| 25 |
$9,659,858 |
$3,534,478
$675,224 |
$5,450,156 |
| 26 |
$10,143,030 |
$3,713,251
$708,998 |
$5,720,781 |
| 27 |
$10,650,082 |
$3,900,861
$744,441 |
$6,004,780 |
| 28 |
$11,182,606 |
$4,097,895
$781,664 |
$6,303,047 |
| 29 |
$11,741,796 |
$4,304,795
$820,752 |
$6,616,249 |
| 30 |
$12,328,846 |
$4,522,003
$861,786 |
$6,945,057 |
|
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