The jackpot for the MEGA Millions draw on Fri Oct 17, 2025, is projected to be $625 Million, with an option for a cash payout of $288.8 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 Oct 17, 2025 |
|---|
| Draw Date | Fri Oct 17, 2025 | | Projected Jackpot | $625,000,000 | | Cash Value | $288,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $288,800,000 | | Federal Tax(24%) | $69,312,000 | | Additional Federal Tax | $37,504,330 | | State Tax(6.99%) | $20,187,120 | | Net Lumpsum Payment | $161,796,550 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,406,875 |
$3,440,874
$657,541 |
$5,308,460 |
| 2 |
$9,877,500 |
$3,615,005
$690,437 |
$5,572,058 |
| 3 |
$10,371,250 |
$3,797,693
$724,950 |
$5,848,607 |
| 4 |
$10,890,000 |
$3,989,630
$761,211 |
$6,139,159 |
| 5 |
$11,434,375 |
$4,191,049
$799,263 |
$6,444,063 |
| 6 |
$12,006,250 |
$4,402,643
$839,237 |
$6,764,370 |
| 7 |
$12,606,250 |
$4,624,643
$881,177 |
$7,100,430 |
| 8 |
$13,236,875 |
$4,857,974
$925,258 |
$7,453,643 |
| 9 |
$13,898,750 |
$5,102,868
$971,523 |
$7,824,359 |
| 10 |
$14,593,750 |
$5,360,018
$1,020,103 |
$8,213,629 |
| 11 |
$15,323,125 |
$5,629,887
$1,071,086 |
$8,622,152 |
| 12 |
$16,089,375 |
$5,913,399
$1,124,647 |
$9,051,329 |
| 13 |
$16,893,750 |
$6,211,018
$1,180,873 |
$9,501,859 |
| 14 |
$17,738,750 |
$6,523,668
$1,239,939 |
$9,975,143 |
| 15 |
$18,625,625 |
$6,851,812
$1,301,931 |
$10,471,882 |
| 16 |
$19,556,875 |
$7,196,374
$1,367,026 |
$10,993,475 |
| 17 |
$20,534,375 |
$7,558,049
$1,435,353 |
$11,540,973 |
| 18 |
$21,561,250 |
$7,937,993
$1,507,131 |
$12,116,126 |
| 19 |
$22,639,375 |
$8,336,899
$1,582,492 |
$12,719,984 |
| 20 |
$23,771,250 |
$8,755,693
$1,661,610 |
$13,353,947 |
| 21 |
$24,960,000 |
$9,195,530
$1,744,704 |
$14,019,766 |
| 22 |
$26,208,125 |
$9,657,337
$1,831,948 |
$14,718,840 |
| 23 |
$27,518,125 |
$10,142,037
$1,923,517 |
$15,452,571 |
| 24 |
$28,894,375 |
$10,651,249
$2,019,717 |
$16,223,409 |
| 25 |
$30,338,750 |
$11,185,668
$2,120,679 |
$17,032,403 |
| 26 |
$31,856,250 |
$11,747,143
$2,226,752 |
$17,882,355 |
| 27 |
$33,448,750 |
$12,336,368
$2,338,068 |
$18,774,314 |
| 28 |
$35,121,250 |
$12,955,193
$2,454,975 |
$19,711,082 |
| 29 |
$36,877,500 |
$13,605,005
$2,577,737 |
$20,694,758 |
| 30 |
$38,721,250 |
$14,287,193
$2,706,615 |
$21,727,442 |
|
|
