The jackpot for the MEGA Millions draw on Tue Jul 14, 2026, is projected to be $637 Million, with an option for a cash payout of $278 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 Jul 14, 2026 |
|---|
| Draw Date | Tue Jul 14, 2026 | | Projected Jackpot | $637,000,000 | | Cash Value | $278,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $278,000,000 | | Federal Tax(24%) | $66,720,000 | | Additional Federal Tax | $36,100,330 | | State Tax(6.99%) | $19,432,200 | | Net Lumpsum Payment | $155,747,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,587,487 |
$3,507,701
$670,165 |
$5,409,621 |
| 2 |
$10,067,148 |
$3,685,175
$703,694 |
$5,678,279 |
| 3 |
$10,570,378 |
$3,871,370
$738,869 |
$5,960,139 |
| 4 |
$11,099,088 |
$4,066,993
$775,826 |
$6,256,269 |
| 5 |
$11,653,915 |
$4,272,279
$814,609 |
$6,567,027 |
| 6 |
$12,236,770 |
$4,487,935
$855,350 |
$6,893,485 |
| 7 |
$12,848,290 |
$4,714,198
$898,095 |
$7,235,997 |
| 8 |
$13,491,023 |
$4,952,009
$943,023 |
$7,595,991 |
| 9 |
$14,165,606 |
$5,201,605
$990,176 |
$7,973,825 |
| 10 |
$14,873,950 |
$5,463,692
$1,039,689 |
$8,370,569 |
| 11 |
$15,617,329 |
$5,738,742
$1,091,651 |
$8,786,936 |
| 12 |
$16,398,291 |
$6,027,698
$1,146,241 |
$9,224,352 |
| 13 |
$17,218,110 |
$6,331,031
$1,203,546 |
$9,683,533 |
| 14 |
$18,079,334 |
$6,649,684
$1,263,745 |
$10,165,905 |
| 15 |
$18,983,237 |
$6,984,128
$1,326,928 |
$10,672,181 |
| 16 |
$19,932,367 |
$7,335,306
$1,393,272 |
$11,203,789 |
| 17 |
$20,928,635 |
$7,703,925
$1,462,912 |
$11,761,798 |
| 18 |
$21,975,226 |
$8,091,164
$1,536,068 |
$12,347,994 |
| 19 |
$23,074,051 |
$8,497,729
$1,612,876 |
$12,963,446 |
| 20 |
$24,227,658 |
$8,924,564
$1,693,513 |
$13,609,581 |
| 21 |
$25,439,232 |
$9,372,846
$1,778,202 |
$14,288,184 |
| 22 |
$26,711,321 |
$9,843,519
$1,867,121 |
$15,000,681 |
| 23 |
$28,046,473 |
$10,337,525
$1,960,448 |
$15,748,500 |
| 24 |
$29,449,147 |
$10,856,515
$2,058,495 |
$16,534,137 |
| 25 |
$30,921,254 |
$11,401,194
$2,161,396 |
$17,358,664 |
| 26 |
$32,467,890 |
$11,973,450
$2,269,506 |
$18,224,934 |
| 27 |
$34,090,966 |
$12,573,988
$2,382,959 |
$19,134,019 |
| 28 |
$35,795,578 |
$13,204,694
$2,502,111 |
$20,088,773 |
| 29 |
$37,585,548 |
$13,866,983
$2,627,230 |
$21,091,335 |
| 30 |
$39,464,698 |
$14,562,269
$2,758,582 |
$22,143,847 |
|
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