Connecticut Lottery

CTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Feb 17, 2026 is estimated to be $395 Million, with a cash option of 183.3 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 Feb 17, 2026

Draw Date	Jackpot	Cash Option
Tue Feb 17, 2026	$395,000,000	$183,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$183,300,000
Federal Tax(24%)	$43,992,000
Additional Federal Tax	$23,789,330
State Tax(6.99%)	$12,812,670
Net Lumpsum Payment	$102,706,000

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,945,145	-$2,160,034 -$415,566	$3,369,545
2	$6,242,580	-$2,270,085 -$436,356	$3,536,139
3	$6,554,630	-$2,385,543 -$458,169	$3,710,918
4	$6,882,480	-$2,506,848 -$481,085	$3,894,547
5	$7,226,525	-$2,634,145 -$505,134	$4,087,246
6	$7,587,950	-$2,767,872 -$530,398	$4,289,680
7	$7,967,150	-$2,908,176 -$556,904	$4,502,070
8	$8,365,705	-$3,055,641 -$584,763	$4,725,301
9	$8,784,010	-$3,210,414 -$614,002	$4,959,594
10	$9,223,250	-$3,372,933 -$644,705	$5,205,612
11	$9,684,215	-$3,543,490 -$676,927	$5,463,798
12	$10,168,485	-$3,722,670 -$710,777	$5,735,038
13	$10,676,850	-$3,910,765 -$746,312	$6,019,773
14	$11,210,890	-$4,108,360 -$783,641	$6,318,889
15	$11,771,395	-$4,315,747 -$822,821	$6,632,827
16	$12,359,945	-$4,533,510 -$863,960	$6,962,475
17	$12,977,725	-$4,762,089 -$907,143	$7,308,493
18	$13,626,710	-$5,002,213 -$952,507	$7,671,990
19	$14,308,085	-$5,254,322 -$1,000,135	$8,053,628
20	$15,023,430	-$5,518,999 -$1,050,138	$8,454,293
21	$15,774,720	-$5,796,977 -$1,102,653	$8,875,090
22	$16,563,535	-$6,088,838 -$1,157,791	$9,316,906
23	$17,391,455	-$6,395,169 -$1,215,663	$9,780,623
24	$18,261,245	-$6,716,991 -$1,276,461	$10,267,793
25	$19,174,090	-$7,054,744 -$1,340,269	$10,779,077
26	$20,133,150	-$7,409,596 -$1,407,307	$11,316,247
27	$21,139,610	-$7,781,986 -$1,477,659	$11,879,965
28	$22,196,630	-$8,173,083 -$1,551,544	$12,472,003
29	$23,306,580	-$8,583,765 -$1,629,130	$13,093,685
30	$24,471,830	-$9,014,907 -$1,710,581	$13,746,342