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

Mega Millions Annuity Jackpot Analysis for Connecticut

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

The Mega Millions 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 $224,000,000 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:  Fri, Feb 22, 2019
Jackpot:$224,000,000
Federal Tax:  24%
State Tax:6.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,371,521$809,165$235,669$2,326,687
2$3,540,098$849,623$247,453$2,443,021
3$3,717,102$892,105$259,825$2,565,172
4$3,902,958$936,710$272,817$2,693,431
5$4,098,105$983,545$286,458$2,828,102
6$4,303,011$1,032,723$300,780$2,969,508
7$4,518,161$1,084,359$315,819$3,117,983
8$4,744,069$1,138,577$331,610$3,273,882
9$4,981,273$1,195,505$348,191$3,437,576
10$5,230,336$1,255,281$365,601$3,609,455
11$5,491,853$1,318,045$383,881$3,789,928
12$5,766,446$1,383,947$403,075$3,979,424
13$6,054,768$1,453,144$423,228$4,178,396
14$6,357,507$1,525,802$444,390$4,387,315
15$6,675,382$1,602,092$466,609$4,606,681
16$7,009,151$1,682,196$489,940$4,837,015
17$7,359,608$1,766,306$514,437$5,078,866
18$7,727,589$1,854,621$540,158$5,332,809
19$8,113,968$1,947,352$567,166$5,599,450
20$8,519,667$2,044,720$595,525$5,879,422
21$8,945,650$2,146,956$625,301$6,173,393
22$9,392,933$2,254,304$656,566$6,482,063
23$9,862,579$2,367,019$689,394$6,806,166
24$10,355,708$2,485,370$723,864$7,146,474
25$10,873,494$2,609,638$760,057$7,503,798
26$11,417,168$2,740,120$798,060$7,878,988
27$11,988,027$2,877,126$837,963$8,272,937
28$12,587,428$3,020,983$879,861$8,686,584
29$13,216,799$3,172,032$923,854$9,120,913
30$13,877,640$3,330,633$970,047$9,576,959
Total$224,000,000$53,760,000$15,657,600$154,582,400
<( Back )Mega Millions Jackpot Analysis
(Current Drawing)
Top ^



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  DMCA  |  Terms of Use
Copyright © 1999-2019 Speednet Group.  All rights reserved.