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Connecticut Mega Millions Jackpot Annuity Payout Schedule for Oct 23, 2018

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The tax information provided here is based on 2025 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 $1,537,000,000 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, Oct 23, 2018
Jackpot:$1,537,000,000
Federal Tax:37% marginal rate
State Tax: 6.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$23,134,056$8,516,621$1,617,070$13,000,364
2$24,290,759$8,944,601$1,697,924$13,648,234
3$25,505,296$9,393,980$1,782,820$14,328,496
4$26,780,562$9,865,828$1,871,961$15,042,773
5$28,119,589$10,361,268$1,965,559$15,792,761
6$29,525,569$10,881,481$2,063,837$16,580,251
7$31,001,848$11,427,704$2,167,029$17,407,115
8$32,551,940$12,001,238$2,275,381$18,275,321
9$34,179,537$12,603,449$2,389,150$19,186,938
10$35,888,513$13,235,770$2,508,607$20,144,136
11$37,682,939$13,899,708$2,634,037$21,149,194
12$39,567,086$14,596,842$2,765,739$22,204,505
13$41,545,440$15,328,833$2,904,026$23,312,581
14$43,622,713$16,097,424$3,049,228$24,476,061
15$45,803,848$16,904,444$3,201,689$25,697,715
16$48,094,041$17,751,815$3,361,773$26,980,452
17$50,498,742$18,641,555$3,529,862$28,327,325
18$53,023,680$19,575,782$3,706,355$29,741,543
19$55,674,863$20,556,720$3,891,673$31,226,471
20$58,458,607$21,586,705$4,086,257$32,785,645
21$61,381,537$22,668,189$4,290,569$34,422,778
22$64,450,614$23,803,747$4,505,098$36,141,768
23$67,673,145$24,996,084$4,730,353$37,946,708
24$71,056,801$26,248,037$4,966,870$39,841,894
25$74,609,641$27,562,587$5,215,214$41,831,840
26$78,340,125$28,942,866$5,475,975$43,921,284
27$82,257,131$30,392,159$5,749,773$46,115,199
28$86,369,986$31,913,915$6,037,262$48,418,809
29$90,688,486$33,511,760$6,339,125$50,837,601
30$95,222,911$35,189,497$6,656,081$53,377,332
Total$1,537,000,003$567,400,609$107,436,297$862,163,094

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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.