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Connecticut Mega Millions Jackpot Annuity Payout Schedule for Nov 9, 2010

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The tax information provided here is based on 2026 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 $25,000,000 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:Tue, Nov 9, 2010
Jackpot:$25,000,000
Federal Tax:37% marginal rate
State Tax: 6.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$376,286$100,469$26,302$249,514
2$395,100$107,054$27,618$260,428
3$414,855$113,969$28,998$271,888
4$435,598$121,229$30,448$283,921
5$457,378$128,851$31,971$296,556
6$480,247$136,856$33,569$309,822
7$504,259$145,260$35,248$323,751
8$529,472$154,084$37,010$338,377
9$555,946$163,350$38,861$353,735
10$583,743$173,079$40,804$369,860
11$612,930$183,295$42,844$386,791
12$643,577$194,081$44,986$404,510
13$675,755$205,987$47,235$422,533
14$709,543$218,488$49,597$441,458
15$745,020$231,615$52,077$461,329
16$782,271$245,398$54,681$482,193
17$821,385$259,870$57,415$504,100
18$862,454$275,065$60,286$527,103
19$905,577$291,021$63,300$551,256
20$950,856$307,774$66,465$576,617
21$998,398$325,365$69,788$603,246
22$1,048,318$343,835$73,277$631,206
23$1,100,734$363,229$76,941$660,564
24$1,155,771$383,593$80,788$691,390
25$1,213,560$404,974$84,828$723,757
26$1,274,238$427,425$89,069$757,743
27$1,337,949$450,999$93,523$793,428
28$1,404,847$475,751$98,199$830,897
29$1,475,089$501,740$103,109$870,240
30$1,548,844$529,029$108,264$911,550
Total$25,000,000$7,962,735$1,747,501$15,289,763

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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.