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Connecticut Mega Millions Jackpot Annuity Payout Schedule for Nov 11, 2022

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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 $189,000,000 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, Nov 11, 2022
Jackpot:$189,000,000
Federal Tax:37% marginal rate
State Tax: 6.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,844,721$1,009,567$198,846$1,636,308
2$2,986,957$1,062,194$208,788$1,715,975
3$3,136,305$1,117,453$219,228$1,799,624
4$3,293,121$1,175,475$230,189$1,887,457
5$3,457,776$1,236,398$241,699$1,979,680
6$3,630,665$1,300,366$253,784$2,076,515
7$3,812,199$1,367,534$266,473$2,178,192
8$4,002,809$1,438,059$279,796$2,284,953
9$4,202,949$1,512,111$293,786$2,397,051
10$4,413,096$1,589,866$308,475$2,514,755
11$4,633,751$1,671,508$323,899$2,638,344
12$4,865,439$1,757,233$340,094$2,768,112
13$5,108,711$1,847,243$357,099$2,904,369
14$5,364,146$1,941,754$374,954$3,047,438
15$5,632,353$2,040,991$393,702$3,197,661
16$5,913,971$2,145,190$413,387$3,355,395
17$6,209,670$2,254,598$434,056$3,521,016
18$6,520,153$2,369,477$455,759$3,694,918
19$6,846,161$2,490,100$478,547$3,877,514
20$7,188,469$2,616,754$502,474$4,069,241
21$7,547,892$2,749,740$527,598$4,270,554
22$7,925,287$2,889,376$553,978$4,481,933
23$8,321,551$3,035,994$581,676$4,703,881
24$8,737,629$3,189,943$610,760$4,936,926
25$9,174,510$3,351,589$641,298$5,181,623
26$9,633,236$3,521,318$673,363$5,438,555
27$10,114,898$3,699,532$707,031$5,708,334
28$10,620,642$3,886,658$742,383$5,991,602
29$11,151,675$4,083,140$779,502$6,289,033
30$11,709,258$4,289,446$818,477$6,601,335
Total$189,000,000$68,640,607$13,211,101$107,148,294

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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.