USA Mega

Connecticut Mega Millions Jackpot Annuity Payout Schedule for Jun 26, 1998

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The tax information provided here is based on 2025 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Mega Millions annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $13,000,000 for a ticket purchased in 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 exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Connecticut

Drawing Date:Fri, Jun 26, 1998
Jackpot:$13,000,000
Federal Tax:37% marginal rate
State Tax: 6.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$195,669$39,807$13,677$142,184
2$205,452$42,808$14,361$148,283
3$215,725$46,095$15,079$154,551
4$226,511$49,546$15,833$161,131
5$237,836$53,171$16,625$168,041
6$249,728$56,976$17,456$175,296
7$262,215$61,322$18,329$182,564
8$275,325$65,911$19,245$190,169
9$289,092$70,729$20,208$198,155
10$303,546$75,788$21,218$206,540
11$318,724$81,101$22,279$215,344
12$334,660$86,678$23,393$224,589
13$351,393$92,535$24,562$234,296
14$368,962$98,684$25,790$244,488
15$387,411$105,141$27,080$255,190
16$406,781$111,921$28,434$266,426
17$427,120$119,039$29,856$278,225
18$448,476$126,514$31,348$290,614
19$470,900$134,362$32,916$303,622
20$494,445$142,603$34,562$317,280
21$519,167$151,256$36,290$331,622
22$545,126$160,341$38,104$346,680
23$572,382$169,881$40,009$362,491
24$601,001$179,898$42,010$379,093
25$631,051$190,509$44,110$396,431
26$662,604$202,184$46,316$414,104
27$695,734$214,442$48,632$432,660
28$730,520$227,313$51,063$452,144
29$767,046$240,827$53,617$472,602
30$805,399$255,018$56,297$494,084
Total$13,000,000$3,652,400$908,699$8,438,899

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.