USA Mega
Home of Mega Millions and Powerball, the USA's biggest multi-state lottery games.
Marketplace

Powerball Annuity Jackpot Analysis for Connecticut

Media: You may freely use any information on this page, but you must credit www.usamega.com.

The Powerball annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $150,000,000 would be for a resident of Connecticut, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

Connecticut

Drawing Date:  Wed, Apr 23, 2014
Jackpot:$150,000,000
Federal Tax:  25%
State Tax:6.70%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,674,515$668,629$179,192$1,826,694
2$2,781,495$695,374$186,360$1,899,761
3$2,892,755$723,189$193,815$1,975,752
4$3,008,465$752,116$201,567$2,054,782
5$3,128,804$782,201$209,630$2,136,973
6$3,253,956$813,489$218,015$2,222,452
7$3,384,115$846,029$226,736$2,311,350
8$3,519,479$879,870$235,805$2,403,804
9$3,660,258$915,065$245,237$2,499,956
10$3,806,669$951,667$255,047$2,599,955
11$3,958,935$989,734$265,249$2,703,953
12$4,117,293$1,029,323$275,859$2,812,111
13$4,281,984$1,070,496$286,893$2,924,595
14$4,453,264$1,113,316$298,369$3,041,579
15$4,631,394$1,157,849$310,303$3,163,242
16$4,816,650$1,204,163$322,716$3,289,772
17$5,009,316$1,252,329$335,624$3,421,363
18$5,209,689$1,302,422$349,049$3,558,217
19$5,418,076$1,354,519$363,011$3,700,546
20$5,634,799$1,408,700$377,532$3,848,568
21$5,860,191$1,465,048$392,633$4,002,511
22$6,094,599$1,523,650$408,338$4,162,611
23$6,338,383$1,584,596$424,672$4,329,116
24$6,591,918$1,647,980$441,659$4,502,280
25$6,855,595$1,713,899$459,325$4,682,371
26$7,129,819$1,782,455$477,698$4,869,666
27$7,415,012$1,853,753$496,806$5,064,453
28$7,711,612$1,927,903$516,678$5,267,031
29$8,020,077$2,005,019$537,345$5,477,712
30$8,340,880$2,085,220$558,839$5,696,821
Total$150,000,000$37,500,000$10,050,000$102,450,000
<( Back )Powerball Jackpot Analysis
(Current Drawing)
Top ^
Powerball
Wednesday Jackpot
$150 Million
Click Here to Play!
Euro Millions
Friday Jackpot
$93.9 Million
Click Here to Play!
Mega Millions
Friday Jackpot
$59 Million
Click Here to Play!
CA SuperLotto
Wednesday Jackpot
$53 Million
Click Here to Play!
FL Lotto
Wednesday Jackpot
$36 Million
Click Here to Play!
UK Lotto 6/49
Wednesday Jackpot
$11.3 Million
Click Here to Play!
NY Lotto
Wednesday Jackpot
$3.8 Million
Click Here to Play!


See more selections...

NetConnect
Internet domains, simple and cheap

Find a domain name:

  Home

The best selection at discount prices BOOKS & DVDs
Huge discounts!



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  Terms of Use
Copyright © 1999-2014 Speednet Group.  All rights reserved.