Connecticut Lottery

CTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Nov 13, 2026 is estimated to be $555 Million, with a cash option of 235.2 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 Fri Nov 13, 2026

Draw Date	Jackpot	Cash Option
Fri Nov 13, 2026	$555,000,000	$235,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$235,200,000
Federal Tax(24%)	$56,448,000
Additional Federal Tax	$30,536,330
State Tax(6.99%)	$16,440,480
Net Lumpsum Payment	$131,775,190

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,353,305	-$3,051,053 -$583,896	$4,718,356
2	$8,771,220	-$3,205,682 -$613,108	$4,952,430
3	$9,209,670	-$3,367,908 -$643,756	$5,198,006
4	$9,670,320	-$3,538,349 -$675,955	$5,456,016
5	$10,153,725	-$3,717,209 -$709,745	$5,726,771
6	$10,661,550	-$3,905,104 -$745,242	$6,011,204
7	$11,194,350	-$4,102,240 -$782,485	$6,309,625
8	$11,754,345	-$4,309,438 -$821,629	$6,623,278
9	$12,342,090	-$4,526,904 -$862,712	$6,952,474
10	$12,959,250	-$4,755,253 -$905,852	$7,298,145
11	$13,606,935	-$4,994,896 -$951,125	$7,660,914
12	$14,287,365	-$5,246,655 -$998,687	$8,042,023
13	$15,001,650	-$5,510,941 -$1,048,615	$8,442,094
14	$15,752,010	-$5,788,574 -$1,101,065	$8,862,371
15	$16,539,555	-$6,079,966 -$1,156,115	$9,303,474
16	$17,366,505	-$6,385,937 -$1,213,919	$9,766,649
17	$18,234,525	-$6,707,105 -$1,274,593	$10,252,827
18	$19,146,390	-$7,044,495 -$1,338,333	$10,763,562
19	$20,103,765	-$7,398,723 -$1,405,253	$11,299,789
20	$21,108,870	-$7,770,612 -$1,475,510	$11,862,748
21	$22,164,480	-$8,161,188 -$1,549,297	$12,453,995
22	$23,272,815	-$8,571,272 -$1,626,770	$13,074,773
23	$24,436,095	-$9,001,686 -$1,708,083	$13,726,326
24	$25,658,205	-$9,453,866 -$1,793,509	$14,410,830
25	$26,940,810	-$9,928,430 -$1,883,163	$15,129,217
26	$28,288,350	-$10,427,020 -$1,977,356	$15,883,974
27	$29,702,490	-$10,950,252 -$2,076,204	$16,676,034
28	$31,187,670	-$11,499,768 -$2,180,018	$17,507,884
29	$32,747,220	-$12,076,802 -$2,289,031	$18,381,387
30	$34,384,470	-$12,682,584 -$2,403,474	$19,298,412