USA Mega

Connecticut Mega Millions Jackpot Annuity Payout Schedule for Jan 8, 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 $47,000,000 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:Tue, Jan 8, 2013
Jackpot:$47,000,000
Federal Tax:37% marginal rate
State Tax: 6.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$707,417$224,699$49,448$433,270
2$742,788$237,787$51,921$453,081
3$779,928$251,528$54,517$473,883
4$818,924$265,957$57,243$495,724
5$859,870$281,107$60,105$518,658
6$902,864$297,015$63,110$542,739
7$948,007$313,718$66,266$568,024
8$995,407$331,256$69,579$594,573
9$1,045,178$349,671$73,058$622,449
10$1,097,437$369,007$76,711$651,719
11$1,152,308$389,309$80,546$682,453
12$1,209,924$410,627$84,574$714,723
13$1,270,420$433,010$88,802$748,607
14$1,333,941$456,513$93,242$784,185
15$1,400,638$481,191$97,905$821,542
16$1,470,670$507,103$102,800$860,767
17$1,544,204$534,310$107,940$901,953
18$1,621,414$562,878$113,337$945,199
19$1,702,484$592,874$119,004$990,607
20$1,787,609$624,370$124,954$1,038,285
21$1,876,989$657,441$131,202$1,088,347
22$1,970,839$692,165$137,762$1,140,912
23$2,069,380$728,626$144,650$1,196,105
24$2,172,849$766,909$151,882$1,254,058
25$2,281,492$807,107$159,476$1,314,909
26$2,395,567$849,315$167,450$1,378,802
27$2,515,345$893,633$175,823$1,445,890
28$2,641,112$940,166$184,614$1,516,332
29$2,773,168$989,027$193,844$1,590,296
30$2,911,826$1,040,331$203,537$1,667,959
Total$47,000,000$16,278,650$3,285,302$27,436,051

◄ 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.