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Connecticut Mega Millions Jackpot Annuity Payout Schedule for Sep 20, 2019

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The tax information provided here is based on 2026 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 $211,000,000 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, Sep 20, 2019
Jackpot:$211,000,000
Federal Tax:37% marginal rate
State Tax: 6.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,175,853$1,131,023$221,992$1,822,838
2$3,334,645$1,189,776$233,092$1,911,778
3$3,501,378$1,251,467$244,746$2,005,164
4$3,676,447$1,316,243$256,984$2,103,221
5$3,860,269$1,384,257$269,833$2,206,179
6$4,053,282$1,455,672$283,324$2,314,286
7$4,255,947$1,530,657$297,491$2,427,798
8$4,468,744$1,609,392$312,365$2,546,986
9$4,692,181$1,692,064$327,983$2,672,133
10$4,926,790$1,778,870$344,383$2,803,538
11$5,173,130$1,870,015$361,602$2,941,513
12$5,431,786$1,965,718$379,682$3,086,386
13$5,703,375$2,066,206$398,666$3,238,503
14$5,988,544$2,171,719$418,599$3,398,226
15$6,287,971$2,282,507$439,529$3,565,935
16$6,602,370$2,398,834$461,506$3,742,030
17$6,932,488$2,520,978$484,581$3,926,929
18$7,279,113$2,649,229$508,810$4,121,074
19$7,643,068$2,783,893$534,250$4,324,925
20$8,025,222$2,925,289$560,963$4,538,970
21$8,426,483$3,073,756$589,011$4,763,716
22$8,847,807$3,229,646$618,462$4,999,699
23$9,290,197$3,393,330$649,385$5,247,482
24$9,754,707$3,565,199$681,854$5,507,654
25$10,242,443$3,745,661$715,947$5,780,835
26$10,754,565$3,935,146$751,744$6,067,675
27$11,292,293$4,134,106$789,331$6,368,856
28$11,856,908$4,343,013$828,798$6,685,097
29$12,449,753$4,562,366$870,238$7,017,149
30$13,072,241$4,792,686$913,750$7,365,805
Total$211,000,000$76,748,718$14,748,901$119,502,380

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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.