The jackpot for the MEGA Millions draw on Fri Nov 15, 2024, is projected to be $387 Million, with an option for a cash payout of $181.4 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 15, 2024 |
|---|
| Draw Date | Fri Nov 15, 2024 | | Projected Jackpot | $387,000,000 | | Cash Value | $181,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $181,400,000 | | Federal Tax(24%) | $43,536,000 | | Additional Federal Tax | $23,542,330 | | State Tax(6.99%) | $12,679,860 | | Net Lumpsum Payment | $101,641,810 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,824,737 |
$2,115,483
$407,149 |
$3,302,105 |
| 2 |
$6,116,148 |
$2,223,305
$427,519 |
$3,465,324 |
| 3 |
$6,421,878 |
$2,336,425
$448,889 |
$3,636,564 |
| 4 |
$6,743,088 |
$2,455,273
$471,342 |
$3,816,473 |
| 5 |
$7,080,165 |
$2,579,991
$494,904 |
$4,005,270 |
| 6 |
$7,434,270 |
$2,711,010
$519,655 |
$4,203,605 |
| 7 |
$7,805,790 |
$2,848,473
$545,625 |
$4,411,692 |
| 8 |
$8,196,273 |
$2,992,951
$572,919 |
$4,630,403 |
| 9 |
$8,606,106 |
$3,144,590
$601,567 |
$4,859,949 |
| 10 |
$9,036,450 |
$3,303,817
$631,648 |
$5,100,985 |
| 11 |
$9,488,079 |
$3,470,920
$663,217 |
$5,353,942 |
| 12 |
$9,962,541 |
$3,646,471
$696,382 |
$5,619,688 |
| 13 |
$10,460,610 |
$3,830,756
$731,197 |
$5,898,657 |
| 14 |
$10,983,834 |
$4,024,349
$767,770 |
$6,191,715 |
| 15 |
$11,532,987 |
$4,227,536
$806,156 |
$6,499,295 |
| 16 |
$12,109,617 |
$4,440,889
$846,462 |
$6,822,266 |
| 17 |
$12,714,885 |
$4,664,838
$888,770 |
$7,161,277 |
| 18 |
$13,350,726 |
$4,900,099
$933,216 |
$7,517,411 |
| 19 |
$14,018,301 |
$5,147,102
$979,879 |
$7,891,320 |
| 20 |
$14,719,158 |
$5,406,419
$1,028,869 |
$8,283,870 |
| 21 |
$15,455,232 |
$5,678,766
$1,080,321 |
$8,696,145 |
| 22 |
$16,228,071 |
$5,964,717
$1,134,342 |
$9,129,012 |
| 23 |
$17,039,223 |
$6,264,843
$1,191,042 |
$9,583,338 |
| 24 |
$17,891,397 |
$6,580,147
$1,250,609 |
$10,060,641 |
| 25 |
$18,785,754 |
$6,911,059
$1,313,124 |
$10,561,571 |
| 26 |
$19,725,390 |
$7,258,725
$1,378,805 |
$11,087,860 |
| 27 |
$20,711,466 |
$7,623,573
$1,447,731 |
$11,640,162 |
| 28 |
$21,747,078 |
$8,006,749
$1,520,121 |
$12,220,208 |
| 29 |
$22,834,548 |
$8,409,113
$1,596,135 |
$12,829,300 |
| 30 |
$23,976,198 |
$8,831,524
$1,675,936 |
$13,468,738 |
|
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