Connecticut Lottery

CTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 15, 2026 is estimated to be $227 Million, with a cash option of 96.3 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Connecticut, your state will take 6.99% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Connecticut MEGA Millions Jackpot/Cash Option for Tue Sep 15, 2026

Draw Date	Jackpot	Cash Option
Tue Sep 15, 2026	$227,000,000	$96,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$96,300,000
Federal Tax(24%)	$23,112,000
Additional Federal Tax	$12,479,330
State Tax(6.99%)	$6,731,370
Net Lumpsum Payment	$53,977,300

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,416,577	-$1,224,464 -$238,819	$1,953,294
2	$3,587,508	-$1,287,708 -$250,767	$2,049,033
3	$3,766,838	-$1,354,060 -$263,302	$2,149,476
4	$3,955,248	-$1,423,772 -$276,472	$2,255,004
5	$4,152,965	-$1,496,927 -$290,292	$2,365,746
6	$4,360,670	-$1,573,778 -$304,811	$2,482,081
7	$4,578,590	-$1,654,409 -$320,043	$2,604,138
8	$4,807,633	-$1,739,155 -$336,054	$2,732,424
9	$5,048,026	-$1,828,100 -$352,857	$2,867,069
10	$5,300,450	-$1,921,497 -$370,501	$3,008,452
11	$5,565,359	-$2,019,513 -$389,019	$3,156,827
12	$5,843,661	-$2,122,485 -$408,472	$3,312,704
13	$6,135,810	-$2,230,580 -$428,893	$3,476,337
14	$6,442,714	-$2,344,135 -$450,346	$3,648,233
15	$6,764,827	-$2,463,316 -$472,861	$3,828,650
16	$7,103,057	-$2,588,461 -$496,504	$4,018,092
17	$7,458,085	-$2,719,822 -$521,320	$4,216,943
18	$7,831,046	-$2,857,817 -$547,390	$4,425,839
19	$8,222,621	-$3,002,700 -$574,761	$4,645,160
20	$8,633,718	-$3,154,806 -$603,497	$4,875,415
21	$9,065,472	-$3,314,555 -$633,676	$5,117,241
22	$9,518,791	-$3,482,283 -$665,363	$5,371,145
23	$9,994,583	-$3,658,326 -$698,621	$5,637,636
24	$10,494,437	-$3,843,272 -$733,561	$5,917,604
25	$11,019,034	-$4,037,373 -$770,230	$6,211,431
26	$11,570,190	-$4,241,301 -$808,756	$6,520,133
27	$12,148,586	-$4,455,307 -$849,186	$6,844,093
28	$12,756,038	-$4,680,064 -$891,647	$7,184,327
29	$13,393,908	-$4,916,076 -$936,234	$7,541,598
30	$14,063,558	-$5,163,847 -$983,043	$7,916,668