USA Mega

Connecticut Mega Millions Jackpot Annuity Payout Schedule for Jan 11, 2013

Media: You may freely use any information on this page, but you must credit usamega.com.

The tax information provided here is based on 2022 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 $55,000,000 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 prize money, as well as deductions claimed.

State:

Connecticut

Drawing Date:Fri, Jan 11, 2013
Jackpot:$55,000,000
Federal Tax:37% marginal rate
State Tax: 6.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$827,829$269,252$57,865$500,712
2$869,220$284,567$60,759$523,895
3$912,681$300,647$63,796$548,238
4$958,315$317,532$66,986$573,798
5$1,006,231$335,261$70,336$600,635
6$1,056,543$353,876$73,852$628,815
7$1,109,370$373,422$77,545$658,403
8$1,164,838$393,945$81,422$689,471
9$1,223,080$415,495$85,493$722,092
10$1,284,234$438,122$89,768$756,345
11$1,348,446$461,880$94,256$792,310
12$1,415,868$486,826$98,969$830,073
13$1,486,662$513,020$103,918$869,724
14$1,560,995$540,523$109,114$911,358
15$1,639,045$569,402$114,569$955,074
16$1,720,997$599,724$120,298$1,000,975
17$1,807,047$631,562$126,313$1,049,172
18$1,897,399$664,993$132,628$1,099,778
19$1,992,269$700,095$139,260$1,152,915
20$2,091,882$736,952$146,223$1,208,708
21$2,196,477$775,651$153,534$1,267,292
22$2,306,300$816,286$161,210$1,328,804
23$2,421,615$858,953$169,271$1,393,392
24$2,542,696$903,753$177,734$1,461,209
25$2,669,831$950,792$186,621$1,532,417
26$2,803,323$1,000,184$195,952$1,607,186
27$2,943,489$1,052,046$205,750$1,685,693
28$3,090,663$1,106,500$216,037$1,768,125
29$3,245,196$1,163,678$226,839$1,854,679
30$3,407,456$1,223,714$238,181$1,945,561
Total$55,000,000$19,238,653$3,844,499$31,916,849

◄ Back to Jackpot Analysis

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.