The jackpot for the MEGA Millions draw on Tue May 26, 2026, is projected to be $311 Million, with an option for a cash payout of $136.4 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 May 26, 2026 |
|---|
| Draw Date | Tue May 26, 2026 | | Projected Jackpot | $311,000,000 | | Cash Value | $136,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $136,400,000 | | Federal Tax(24%) | $32,736,000 | | Additional Federal Tax | $17,692,330 | | State Tax(6.99%) | $9,534,360 | | Net Lumpsum Payment | $76,437,310 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,680,861 |
$1,692,249
$327,192 |
$2,661,420 |
| 2 |
$4,915,044 |
$1,778,897
$343,562 |
$2,792,585 |
| 3 |
$5,160,734 |
$1,869,802
$360,735 |
$2,930,197 |
| 4 |
$5,418,864 |
$1,965,310
$378,779 |
$3,074,775 |
| 5 |
$5,689,745 |
$2,065,536
$397,713 |
$3,226,496 |
| 6 |
$5,974,310 |
$2,170,825
$417,604 |
$3,385,881 |
| 7 |
$6,272,870 |
$2,281,292
$438,474 |
$3,553,104 |
| 8 |
$6,586,669 |
$2,397,398
$460,408 |
$3,728,863 |
| 9 |
$6,916,018 |
$2,519,257
$483,430 |
$3,913,331 |
| 10 |
$7,261,850 |
$2,647,215
$507,603 |
$4,107,032 |
| 11 |
$7,624,787 |
$2,781,502
$532,973 |
$4,310,312 |
| 12 |
$8,006,073 |
$2,922,577
$559,625 |
$4,523,871 |
| 13 |
$8,406,330 |
$3,070,672
$587,602 |
$4,748,056 |
| 14 |
$8,826,802 |
$3,226,247
$616,993 |
$4,983,562 |
| 15 |
$9,268,111 |
$3,389,531
$647,841 |
$5,230,739 |
| 16 |
$9,731,501 |
$3,560,986
$680,232 |
$5,490,283 |
| 17 |
$10,217,905 |
$3,740,955
$714,232 |
$5,762,718 |
| 18 |
$10,728,878 |
$3,930,015
$749,949 |
$6,048,914 |
| 19 |
$11,265,353 |
$4,128,511
$787,448 |
$6,349,394 |
| 20 |
$11,828,574 |
$4,336,903
$826,817 |
$6,664,854 |
| 21 |
$12,420,096 |
$4,555,766
$868,165 |
$6,996,165 |
| 22 |
$13,041,163 |
$4,785,561
$911,577 |
$7,344,025 |
| 23 |
$13,693,019 |
$5,026,747
$957,142 |
$7,709,130 |
| 24 |
$14,377,841 |
$5,280,132
$1,005,011 |
$8,092,698 |
| 25 |
$15,096,562 |
$5,546,058
$1,055,250 |
$8,495,254 |
| 26 |
$15,851,670 |
$5,825,448
$1,108,032 |
$8,918,190 |
| 27 |
$16,644,098 |
$6,118,647
$1,163,422 |
$9,362,029 |
| 28 |
$17,476,334 |
$6,426,574
$1,221,596 |
$9,828,164 |
| 29 |
$18,350,244 |
$6,749,921
$1,282,682 |
$10,317,641 |
| 30 |
$19,267,694 |
$7,089,377
$1,346,812 |
$10,831,505 |
|
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