The jackpot for the MEGA Millions draw on Fri Nov 22, 2024, is projected to be $453 Million, with an option for a cash payout of $209.6 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Connecticut residents, the state will deduct 6.99% from your lottery earnings.
| Connecticut MEGA Millions Jackpot/Cash Option for Fri Nov 22, 2024 |
|---|
| Draw Date | Fri Nov 22, 2024 | | Projected Jackpot | $453,000,000 | | Cash Value | $209,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $209,600,000 | | Federal Tax(24%) | $50,304,000 | | Additional Federal Tax | $27,208,330 | | State Tax(6.99%) | $14,651,040 | | Net Lumpsum Payment | $117,436,630 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,818,103 |
$2,483,028
$476,585 |
$3,858,490 |
| 2 |
$7,159,212 |
$2,609,239
$500,429 |
$4,049,544 |
| 3 |
$7,517,082 |
$2,741,651
$525,444 |
$4,249,987 |
| 4 |
$7,893,072 |
$2,880,767
$551,726 |
$4,460,579 |
| 5 |
$8,287,635 |
$3,026,755
$579,306 |
$4,681,574 |
| 6 |
$8,702,130 |
$3,180,118
$608,279 |
$4,913,733 |
| 7 |
$9,137,010 |
$3,341,024
$638,677 |
$5,157,309 |
| 8 |
$9,594,087 |
$3,510,143
$670,627 |
$5,413,317 |
| 9 |
$10,073,814 |
$3,687,642
$704,160 |
$5,682,012 |
| 10 |
$10,577,550 |
$3,874,024
$739,371 |
$5,964,155 |
| 11 |
$11,106,201 |
$4,069,625
$776,323 |
$6,260,253 |
| 12 |
$11,661,579 |
$4,275,115
$815,144 |
$6,571,320 |
| 13 |
$12,244,590 |
$4,490,829
$855,897 |
$6,897,864 |
| 14 |
$12,857,046 |
$4,717,437
$898,708 |
$7,240,901 |
| 15 |
$13,499,853 |
$4,955,276
$943,640 |
$7,600,937 |
| 16 |
$14,174,823 |
$5,205,015
$990,820 |
$7,978,988 |
| 17 |
$14,883,315 |
$5,467,157
$1,040,344 |
$8,375,814 |
| 18 |
$15,627,594 |
$5,742,540
$1,092,369 |
$8,792,685 |
| 19 |
$16,409,019 |
$6,031,667
$1,146,990 |
$9,230,362 |
| 20 |
$17,229,402 |
$6,335,209
$1,204,335 |
$9,689,858 |
| 21 |
$18,091,008 |
$6,654,003
$1,264,561 |
$10,172,444 |
| 22 |
$18,995,649 |
$6,988,721
$1,327,796 |
$10,679,132 |
| 23 |
$19,945,137 |
$7,340,031
$1,394,165 |
$11,210,941 |
| 24 |
$20,942,643 |
$7,709,108
$1,463,891 |
$11,769,644 |
| 25 |
$21,989,526 |
$8,096,455
$1,537,068 |
$12,356,003 |
| 26 |
$23,089,410 |
$8,503,412
$1,613,950 |
$12,972,048 |
| 27 |
$24,243,654 |
$8,930,482
$1,694,631 |
$13,618,541 |
| 28 |
$25,455,882 |
$9,379,007
$1,779,366 |
$14,297,509 |
| 29 |
$26,728,812 |
$9,849,991
$1,868,344 |
$15,010,477 |
| 30 |
$28,065,162 |
$10,344,440
$1,961,755 |
$15,758,967 |
|
|
