USA Mega

Connecticut Mega Millions Jackpot Annuity Payout Schedule for Jul 17, 1998

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The tax information provided here is based on 2024 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 $9,000,000 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, Jul 17, 1998
Jackpot:$9,000,000
Federal Tax:37% marginal rate
State Tax: 6.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$135,463$25,554$9,469$100,440
2$142,236$27,179$9,942$105,115
3$149,348$28,886$10,439$110,022
4$156,815$30,678$10,961$115,176
5$164,656$32,560$11,509$120,587
6$172,889$34,536$12,085$126,268
7$181,533$36,610$12,689$132,234
8$190,610$38,789$13,324$138,497
9$200,140$41,731$13,990$144,419
10$210,147$44,934$14,689$150,524
11$220,655$48,296$15,424$156,935
12$231,688$51,827$16,195$163,666
13$243,272$55,534$17,005$170,734
14$255,436$59,777$17,855$177,803
15$268,207$64,247$18,748$185,212
16$281,618$68,941$19,685$192,992
17$295,699$73,869$20,669$201,160
18$310,483$79,044$21,703$209,737
19$326,008$84,477$22,788$218,742
20$342,308$90,183$23,927$228,198
21$359,423$96,173$25,124$238,127
22$377,395$102,463$26,380$248,552
23$396,264$109,067$27,699$259,498
24$416,078$116,002$29,084$270,992
25$436,881$123,283$30,538$283,060
26$458,726$130,929$32,065$295,732
27$481,662$138,956$33,668$309,037
28$505,745$147,385$35,352$323,008
29$531,032$156,236$37,119$337,677
30$557,584$165,529$38,975$353,080
Total$9,000,000$2,303,675$629,100$6,067,224

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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.