The jackpot for the MEGA Millions draw on Fri Jun 5, 2026, is projected to be $368 Million, with an option for a cash payout of $163.6 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 Jun 5, 2026 |
|---|
| Draw Date | Fri Jun 5, 2026 | | Projected Jackpot | $368,000,000 | | Cash Value | $163,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $163,600,000 | | Federal Tax(24%) | $39,264,000 | | Additional Federal Tax | $21,228,330 | | State Tax(6.99%) | $11,435,640 | | Net Lumpsum Payment | $91,672,030 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,538,768 |
$2,009,675
$387,160 |
$3,141,933 |
| 2 |
$5,815,872 |
$2,112,203
$406,529 |
$3,297,140 |
| 3 |
$6,106,592 |
$2,219,769
$426,851 |
$3,459,972 |
| 4 |
$6,412,032 |
$2,332,782
$448,201 |
$3,631,049 |
| 5 |
$6,732,560 |
$2,451,378
$470,606 |
$3,810,576 |
| 6 |
$7,069,280 |
$2,575,964
$494,143 |
$3,999,173 |
| 7 |
$7,422,560 |
$2,706,678
$518,837 |
$4,197,045 |
| 8 |
$7,793,872 |
$2,844,063
$544,792 |
$4,405,017 |
| 9 |
$8,183,584 |
$2,988,256
$572,033 |
$4,623,295 |
| 10 |
$8,592,800 |
$3,139,666
$600,637 |
$4,852,497 |
| 11 |
$9,022,256 |
$3,298,565
$630,656 |
$5,093,035 |
| 12 |
$9,473,424 |
$3,465,497
$662,192 |
$5,345,735 |
| 13 |
$9,947,040 |
$3,640,735
$695,298 |
$5,611,007 |
| 14 |
$10,444,576 |
$3,824,824
$730,076 |
$5,889,676 |
| 15 |
$10,966,768 |
$4,018,035
$766,577 |
$6,182,156 |
| 16 |
$11,515,088 |
$4,220,913
$804,905 |
$6,489,270 |
| 17 |
$12,090,640 |
$4,433,867
$845,136 |
$6,811,637 |
| 18 |
$12,695,264 |
$4,657,578
$887,399 |
$7,150,287 |
| 19 |
$13,330,064 |
$4,892,454
$931,771 |
$7,505,839 |
| 20 |
$13,996,512 |
$5,139,040
$978,356 |
$7,879,116 |
| 21 |
$14,696,448 |
$5,398,016
$1,027,282 |
$8,271,150 |
| 22 |
$15,431,344 |
$5,669,928
$1,078,651 |
$8,682,765 |
| 23 |
$16,202,672 |
$5,955,319
$1,132,567 |
$9,114,786 |
| 24 |
$17,013,008 |
$6,255,143
$1,189,209 |
$9,568,656 |
| 25 |
$17,863,456 |
$6,569,809
$1,248,656 |
$10,044,991 |
| 26 |
$18,756,960 |
$6,900,406
$1,311,112 |
$10,545,442 |
| 27 |
$19,694,624 |
$7,247,341
$1,376,654 |
$11,070,629 |
| 28 |
$20,679,392 |
$7,611,705
$1,445,490 |
$11,622,197 |
| 29 |
$21,713,472 |
$7,994,315
$1,517,772 |
$12,201,385 |
| 30 |
$22,799,072 |
$8,395,987
$1,593,655 |
$12,809,430 |
|
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