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Connecticut Mega Millions Jackpot Annuity Payout Schedule for Jan 5, 2018

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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 $451,000,000 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, Jan 5, 2018
Jackpot:$451,000,000
Federal Tax:37% marginal rate
State Tax: 6.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,788,197$2,469,821$474,495$3,843,881
2$7,127,607$2,595,402$498,220$4,033,985
3$7,483,987$2,727,263$523,131$4,233,594
4$7,858,187$2,865,717$549,287$4,443,183
5$8,251,096$3,011,093$576,752$4,663,251
6$8,663,651$3,163,739$605,589$4,894,323
7$9,096,834$3,324,016$635,869$5,136,949
8$9,551,675$3,492,308$667,662$5,391,706
9$10,029,259$3,669,014$701,045$5,659,200
10$10,530,722$3,854,555$736,097$5,940,070
11$11,057,258$4,049,373$772,902$6,234,983
12$11,610,121$4,253,933$811,547$6,544,641
13$12,190,627$4,468,720$852,125$6,869,782
14$12,800,158$4,694,246$894,731$7,211,181
15$13,440,166$4,931,049$939,468$7,569,649
16$14,112,175$5,179,692$986,441$7,946,041
17$14,817,783$5,440,768$1,035,763$8,341,253
18$15,558,672$5,714,897$1,087,551$8,756,225
19$16,336,606$6,002,732$1,141,929$9,191,945
20$17,153,436$6,304,959$1,199,025$9,649,452
21$18,011,108$6,622,298$1,258,976$10,129,834
22$18,911,663$6,955,503$1,321,925$10,634,235
23$19,857,247$7,305,369$1,388,022$11,163,856
24$20,850,109$7,672,728$1,457,423$11,719,958
25$21,892,614$8,058,455$1,530,294$12,303,866
26$22,987,245$8,463,469$1,606,808$12,916,968
27$24,136,608$8,888,733$1,687,149$13,560,726
28$25,343,438$9,335,260$1,771,506$14,236,672
29$26,610,610$9,804,113$1,860,082$14,946,415
30$27,941,140$10,296,410$1,953,086$15,691,645
Total$451,000,001$165,615,635$31,524,900$253,859,469

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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.