The jackpot for the MEGA Millions draw on Fri May 22, 2026, is projected to be $296 Million, with an option for a cash payout of $128.6 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 May 22, 2026 |
|---|
| Draw Date | Fri May 22, 2026 | | Projected Jackpot | $296,000,000 | | Cash Value | $128,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $128,600,000 | | Federal Tax(24%) | $30,864,000 | | Additional Federal Tax | $16,678,330 | | State Tax(6.99%) | $8,989,140 | | Net Lumpsum Payment | $72,068,530 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,455,096 |
$1,608,716
$311,411 |
$2,534,969 |
| 2 |
$4,677,984 |
$1,691,184
$326,991 |
$2,659,809 |
| 3 |
$4,911,824 |
$1,777,705
$343,336 |
$2,790,783 |
| 4 |
$5,157,504 |
$1,868,607
$360,510 |
$2,928,387 |
| 5 |
$5,415,320 |
$1,963,999
$378,531 |
$3,072,790 |
| 6 |
$5,686,160 |
$2,064,210
$397,463 |
$3,224,487 |
| 7 |
$5,970,320 |
$2,169,349
$417,325 |
$3,383,646 |
| 8 |
$6,268,984 |
$2,279,854
$438,202 |
$3,550,928 |
| 9 |
$6,582,448 |
$2,395,836
$460,113 |
$3,726,499 |
| 10 |
$6,911,600 |
$2,517,622
$483,121 |
$3,910,857 |
| 11 |
$7,257,032 |
$2,645,432
$507,267 |
$4,104,333 |
| 12 |
$7,619,928 |
$2,779,704
$532,633 |
$4,307,591 |
| 13 |
$8,000,880 |
$2,920,656
$559,262 |
$4,520,962 |
| 14 |
$8,401,072 |
$3,068,727
$587,235 |
$4,745,110 |
| 15 |
$8,821,096 |
$3,224,136
$616,595 |
$4,980,365 |
| 16 |
$9,262,136 |
$3,387,321
$647,423 |
$5,227,392 |
| 17 |
$9,725,080 |
$3,558,610
$679,783 |
$5,486,687 |
| 18 |
$10,211,408 |
$3,738,551
$713,777 |
$5,759,080 |
| 19 |
$10,722,008 |
$3,927,473
$749,468 |
$6,045,067 |
| 20 |
$11,258,064 |
$4,125,814
$786,939 |
$6,345,311 |
| 21 |
$11,821,056 |
$4,334,121
$826,292 |
$6,660,643 |
| 22 |
$12,412,168 |
$4,552,833
$867,611 |
$6,991,724 |
| 23 |
$13,032,584 |
$4,782,386
$910,978 |
$7,339,220 |
| 24 |
$13,684,376 |
$5,023,550
$956,538 |
$7,704,288 |
| 25 |
$14,368,432 |
$5,276,650
$1,004,353 |
$8,087,429 |
| 26 |
$15,087,120 |
$5,542,565
$1,054,590 |
$8,489,965 |
| 27 |
$15,841,328 |
$5,821,622
$1,107,309 |
$8,912,397 |
| 28 |
$16,633,424 |
$6,114,697
$1,162,676 |
$9,356,051 |
| 29 |
$17,465,184 |
$6,422,448
$1,220,816 |
$9,821,920 |
| 30 |
$18,338,384 |
$6,745,532
$1,281,853 |
$10,310,999 |
|
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