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Connecticut Mega Millions Jackpot Annuity Payout Schedule for Jan 4, 2011

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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 $380,000,000 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, Jan 4, 2011
Jackpot:$380,000,000
Federal Tax:37% marginal rate
State Tax: 6.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,719,545$2,074,420$399,796$3,245,330
2$6,005,523$2,180,231$419,786$3,405,505
3$6,305,799$2,291,333$440,775$3,573,690
4$6,621,089$2,407,991$462,814$3,750,284
5$6,952,143$2,530,481$485,955$3,935,708
6$7,299,750$2,659,095$510,253$4,130,402
7$7,664,738$2,794,141$535,765$4,334,832
8$8,047,975$2,935,938$562,553$4,549,483
9$8,450,374$3,084,826$590,681$4,774,866
10$8,872,892$3,241,158$620,215$5,011,519
11$9,316,537$3,405,306$651,226$5,260,004
12$9,782,364$3,577,662$683,787$5,520,914
13$10,271,482$3,758,636$717,977$5,794,869
14$10,785,056$3,948,658$753,875$6,082,522
15$11,324,309$4,148,182$791,569$6,384,557
16$11,890,524$4,357,682$831,148$6,701,695
17$12,485,050$4,577,656$872,705$7,034,689
18$13,109,303$4,808,630$916,340$7,384,333
19$13,764,768$5,051,152$962,157$7,751,459
20$14,453,006$5,305,800$1,010,265$8,136,941
21$15,175,656$5,573,181$1,060,778$8,541,697
22$15,934,439$5,853,930$1,113,817$8,966,692
23$16,731,161$6,148,717$1,169,508$9,412,936
24$17,567,719$6,458,244$1,227,984$9,881,492
25$18,446,105$6,783,247$1,289,383$10,373,476
26$19,368,411$7,124,500$1,353,852$10,890,059
27$20,336,831$7,482,815$1,421,545$11,432,471
28$21,353,673$7,859,047$1,492,622$12,002,004
29$22,421,356$8,254,090$1,567,253$12,600,014
30$23,542,424$8,668,885$1,645,615$13,227,924
Total$380,000,001$139,345,634$26,561,999$214,092,367

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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.