The jackpot for the MEGA Millions draw on Tue Aug 18, 2026, is projected to be $100 Million, with an option for a cash payout of $42.8 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 Tue Aug 18, 2026 |
|---|
| Draw Date | Tue Aug 18, 2026 | | Projected Jackpot | $100,000,000 | | Cash Value | $42,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $42,800,000 | | Federal Tax(24%) | $10,272,000 | | Additional Federal Tax | $5,524,330 | | State Tax(6.99%) | $2,991,720 | | Net Lumpsum Payment | $24,011,950 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,505,100 |
$517,217
$105,206 |
$882,677 |
| 2 |
$1,580,400 |
$545,078
$110,470 |
$924,852 |
| 3 |
$1,659,400 |
$574,308
$115,992 |
$969,100 |
| 4 |
$1,742,400 |
$605,018
$121,794 |
$1,015,588 |
| 5 |
$1,829,500 |
$637,245
$127,882 |
$1,064,373 |
| 6 |
$1,921,000 |
$671,100
$134,278 |
$1,115,622 |
| 7 |
$2,017,000 |
$706,620
$140,988 |
$1,169,392 |
| 8 |
$2,117,900 |
$743,953
$148,041 |
$1,225,906 |
| 9 |
$2,223,800 |
$783,136
$155,444 |
$1,285,220 |
| 10 |
$2,335,000 |
$824,280
$163,217 |
$1,347,503 |
| 11 |
$2,451,700 |
$867,459
$171,374 |
$1,412,867 |
| 12 |
$2,574,300 |
$912,821
$179,944 |
$1,481,535 |
| 13 |
$2,703,000 |
$960,440
$188,940 |
$1,553,620 |
| 14 |
$2,838,200 |
$1,010,464
$198,390 |
$1,629,346 |
| 15 |
$2,980,100 |
$1,062,967
$208,309 |
$1,708,824 |
| 16 |
$3,129,100 |
$1,118,097
$218,724 |
$1,792,279 |
| 17 |
$3,285,500 |
$1,175,965
$229,656 |
$1,879,879 |
| 18 |
$3,449,800 |
$1,236,756
$241,141 |
$1,971,903 |
| 19 |
$3,622,300 |
$1,300,581
$253,199 |
$2,068,520 |
| 20 |
$3,803,400 |
$1,367,588
$265,858 |
$2,169,954 |
| 21 |
$3,993,600 |
$1,437,962
$279,153 |
$2,276,485 |
| 22 |
$4,193,300 |
$1,511,851
$293,112 |
$2,388,337 |
| 23 |
$4,402,900 |
$1,589,403
$307,763 |
$2,505,734 |
| 24 |
$4,623,100 |
$1,670,877
$323,155 |
$2,629,068 |
| 25 |
$4,854,200 |
$1,756,384
$339,309 |
$2,758,507 |
| 26 |
$5,097,000 |
$1,846,220
$356,280 |
$2,894,500 |
| 27 |
$5,351,800 |
$1,940,496
$374,091 |
$3,037,213 |
| 28 |
$5,619,400 |
$2,039,508
$392,796 |
$3,187,096 |
| 29 |
$5,900,400 |
$2,143,478
$412,438 |
$3,344,484 |
| 30 |
$6,195,400 |
$2,252,628
$433,058 |
$3,509,714 |
|
|
