Connecticut Lottery

CTLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 21, 2026 is estimated to be $140 Million, with a cash option of 62.8 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 Apr 21, 2026

Draw Date	Jackpot	Cash Option
Tue Apr 21, 2026	$140,000,000	$62,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$62,800,000
Federal Tax(24%)	$15,072,000
Additional Federal Tax	$8,124,330
State Tax(6.99%)	$4,389,720
Net Lumpsum Payment	$35,213,950

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,107,140	-$739,972 -$147,289	$1,219,879
2	$2,212,560	-$778,978 -$154,658	$1,278,924
3	$2,323,160	-$819,900 -$162,389	$1,340,871
4	$2,439,360	-$862,894 -$170,511	$1,405,955
5	$2,561,300	-$908,011 -$179,035	$1,474,254
6	$2,689,400	-$955,408 -$187,989	$1,546,003
7	$2,823,800	-$1,005,136 -$197,384	$1,621,280
8	$2,965,060	-$1,057,403 -$207,258	$1,700,399
9	$3,113,320	-$1,112,259 -$217,621	$1,783,440
10	$3,269,000	-$1,169,860 -$228,503	$1,870,637
11	$3,432,380	-$1,230,311 -$239,923	$1,962,146
12	$3,604,020	-$1,293,818 -$251,921	$2,058,281
13	$3,784,200	-$1,360,484 -$264,516	$2,159,200
14	$3,973,480	-$1,430,518 -$277,746	$2,265,216
15	$4,172,140	-$1,504,022 -$291,633	$2,376,485
16	$4,380,740	-$1,581,204 -$306,214	$2,493,322
17	$4,599,700	-$1,662,219 -$321,519	$2,615,962
18	$4,829,720	-$1,747,327 -$337,597	$2,744,796
19	$5,071,220	-$1,836,682 -$354,478	$2,880,060
20	$5,324,760	-$1,930,492 -$372,201	$3,022,067
21	$5,591,040	-$2,029,015 -$390,814	$3,171,211
22	$5,870,620	-$2,132,460 -$410,356	$3,327,804
23	$6,164,060	-$2,241,033 -$430,868	$3,492,159
24	$6,472,340	-$2,355,096 -$452,417	$3,664,827
25	$6,795,880	-$2,474,806 -$475,032	$3,846,042
26	$7,135,800	-$2,600,576 -$498,792	$4,036,432
27	$7,492,520	-$2,732,563 -$523,727	$4,236,230
28	$7,867,160	-$2,871,180 -$549,914	$4,446,066
29	$8,260,560	-$3,016,738 -$577,413	$4,666,409
30	$8,673,560	-$3,169,548 -$606,282	$4,897,730