USA Mega

Connecticut Mega Millions Jackpot Annuity Payout Schedule for Feb 12, 1999

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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 $10,000,000 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, Feb 12, 1999
Jackpot:$10,000,000
Federal Tax:37% marginal rate
State Tax: 6.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$150,514$28,970$10,521$111,023
2$158,040$30,777$11,047$116,216
3$165,942$32,673$11,599$121,670
4$174,239$34,664$12,179$127,395
5$182,951$36,755$12,788$133,408
6$192,099$38,951$13,428$139,720
7$201,704$41,608$14,099$145,996
8$211,789$44,835$14,804$152,149
9$222,378$48,224$15,544$158,610
10$233,497$51,782$16,321$165,394
11$245,172$55,518$17,138$172,516
12$257,431$59,648$17,994$179,788
13$270,302$64,153$18,894$187,255
14$283,817$68,883$19,839$195,095
15$298,008$73,850$20,831$203,327
16$312,909$79,065$21,872$211,971
17$328,554$84,541$22,966$221,047
18$344,982$90,291$24,114$230,577
19$362,231$96,328$25,320$240,583
20$380,342$102,667$26,586$251,089
21$399,359$109,323$27,915$262,121
22$419,327$116,312$29,311$273,705
23$440,294$123,650$30,777$285,867
24$462,308$131,355$32,315$298,638
25$485,424$139,446$33,931$312,047
26$509,695$147,941$35,628$326,127
27$535,180$156,860$37,409$340,911
28$561,939$166,226$39,280$356,433
29$590,036$176,060$41,243$372,732
30$619,537$186,385$43,306$389,846
Total$10,000,000$2,617,741$698,999$6,683,256

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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.