The jackpot for the MEGA Millions draw on Tue Aug 12, 2025, is projected to be $182 Million, with an option for a cash payout of $82.1 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 12, 2025 |
|---|
| Draw Date | Tue Aug 12, 2025 | | Projected Jackpot | $182,000,000 | | Cash Value | $82,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $82,100,000 | | Federal Tax(24%) | $19,704,000 | | Additional Federal Tax | $10,633,330 | | State Tax(6.99%) | $5,738,790 | | Net Lumpsum Payment | $46,023,880 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,739,282 |
$973,865
$191,476 |
$1,573,941 |
| 2 |
$2,876,328 |
$1,024,572
$201,055 |
$1,650,701 |
| 3 |
$3,020,108 |
$1,077,770
$211,106 |
$1,731,232 |
| 4 |
$3,171,168 |
$1,133,663
$221,665 |
$1,815,840 |
| 5 |
$3,329,690 |
$1,192,316
$232,745 |
$1,904,629 |
| 6 |
$3,496,220 |
$1,253,932
$244,386 |
$1,997,902 |
| 7 |
$3,670,940 |
$1,318,578
$256,599 |
$2,095,763 |
| 8 |
$3,854,578 |
$1,386,524
$269,435 |
$2,198,619 |
| 9 |
$4,047,316 |
$1,457,837
$282,907 |
$2,306,572 |
| 10 |
$4,249,700 |
$1,532,719
$297,054 |
$2,419,927 |
| 11 |
$4,462,094 |
$1,611,305
$311,900 |
$2,538,889 |
| 12 |
$4,685,226 |
$1,693,864
$327,497 |
$2,663,865 |
| 13 |
$4,919,460 |
$1,780,531
$343,870 |
$2,795,059 |
| 14 |
$5,165,524 |
$1,871,574
$361,070 |
$2,932,880 |
| 15 |
$5,423,782 |
$1,967,130
$379,122 |
$3,077,530 |
| 16 |
$5,694,962 |
$2,067,466
$398,078 |
$3,229,418 |
| 17 |
$5,979,610 |
$2,172,786
$417,975 |
$3,388,849 |
| 18 |
$6,278,636 |
$2,283,426
$438,877 |
$3,556,333 |
| 19 |
$6,592,586 |
$2,399,587
$460,822 |
$3,732,177 |
| 20 |
$6,922,188 |
$2,521,540
$483,861 |
$3,916,787 |
| 21 |
$7,268,352 |
$2,649,621
$508,058 |
$4,110,673 |
| 22 |
$7,631,806 |
$2,784,099
$533,463 |
$4,314,244 |
| 23 |
$8,013,278 |
$2,925,243
$560,128 |
$4,527,907 |
| 24 |
$8,414,042 |
$3,073,526
$588,142 |
$4,752,374 |
| 25 |
$8,834,644 |
$3,229,149
$617,542 |
$4,987,953 |
| 26 |
$9,276,540 |
$3,392,650
$648,430 |
$5,235,460 |
| 27 |
$9,740,276 |
$3,564,233
$680,845 |
$5,495,198 |
| 28 |
$10,227,308 |
$3,744,434
$714,889 |
$5,767,985 |
| 29 |
$10,738,728 |
$3,933,660
$750,637 |
$6,054,431 |
| 30 |
$11,275,628 |
$4,132,313
$788,166 |
$6,355,149 |
|
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