Connecticut Lottery

CTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 23, 2026 is estimated to be $467 Million, with a cash option of 211 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 Jun 23, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 23, 2026	$467,000,000	$211,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$211,000,000
Federal Tax(24%)	$50,640,000
Additional Federal Tax	$27,390,330
State Tax(6.99%)	$14,748,900
Net Lumpsum Payment	$118,220,770

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,028,817	-$2,560,993 -$491,314	$3,976,510
2	$7,380,468	-$2,691,104 -$515,895	$4,173,469
3	$7,749,398	-$2,827,608 -$541,683	$4,380,107
4	$8,137,008	-$2,971,023 -$568,777	$4,597,208
5	$8,543,765	-$3,121,523 -$597,209	$4,825,033
6	$8,971,070	-$3,279,626 -$627,078	$5,064,366
7	$9,419,390	-$3,445,505 -$658,415	$5,315,470
8	$9,890,593	-$3,619,850 -$691,352	$5,579,391
9	$10,385,146	-$3,802,834 -$725,922	$5,856,390
10	$10,904,450	-$3,994,977 -$762,221	$6,147,252
11	$11,449,439	-$4,196,623 -$800,316	$6,452,500
12	$12,021,981	-$4,408,463 -$840,336	$6,773,182
13	$12,623,010	-$4,630,844 -$882,348	$7,109,818
14	$13,254,394	-$4,864,456 -$926,482	$7,463,456
15	$13,917,067	-$5,109,645 -$972,803	$7,834,619
16	$14,612,897	-$5,367,102 -$1,021,442	$8,224,353
17	$15,343,285	-$5,637,346 -$1,072,496	$8,633,443
18	$16,110,566	-$5,921,240 -$1,126,129	$9,063,197
19	$16,916,141	-$6,219,303 -$1,182,438	$9,514,400
20	$17,761,878	-$6,532,225 -$1,241,555	$9,988,098
21	$18,650,112	-$6,860,872 -$1,303,643	$10,485,597
22	$19,582,711	-$7,205,933 -$1,368,831	$11,007,947
23	$20,561,543	-$7,568,101 -$1,437,252	$11,556,190
24	$21,589,877	-$7,948,585 -$1,509,132	$12,132,160
25	$22,669,114	-$8,347,903 -$1,584,571	$12,736,640
26	$23,802,990	-$8,767,437 -$1,663,829	$13,371,724
27	$24,992,906	-$9,207,706 -$1,747,004	$14,038,196
28	$26,242,598	-$9,670,092 -$1,834,358	$14,738,148
29	$27,554,868	-$10,155,632 -$1,926,085	$15,473,151
30	$28,932,518	-$10,665,362 -$2,022,383	$16,244,773