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Connecticut Mega Millions Jackpot Annuity Payout Schedule for Nov 22, 2022

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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 $259,000,000 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, Nov 22, 2022
Jackpot:$259,000,000
Federal Tax:37% marginal rate
State Tax: 6.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,898,322$1,405,334$272,493$2,220,495
2$4,093,238$1,477,453$286,117$2,329,667
3$4,297,900$1,553,178$300,423$2,444,299
4$4,512,795$1,632,689$315,444$2,564,661
5$4,738,434$1,716,176$331,217$2,691,042
6$4,975,356$1,803,837$347,777$2,823,742
7$5,224,124$1,895,881$365,166$2,963,077
8$5,485,330$1,992,527$383,425$3,109,378
9$5,759,597$2,094,006$402,596$3,262,995
10$6,047,576$2,200,558$422,726$3,424,293
11$6,349,955$2,312,438$443,862$3,593,655
12$6,667,453$2,429,913$466,055$3,771,485
13$7,000,826$2,553,261$489,358$3,958,207
14$7,350,867$2,682,776$513,826$4,154,266
15$7,718,410$2,818,767$539,517$4,360,127
16$8,104,331$2,961,557$566,493$4,576,281
17$8,509,547$3,111,488$594,817$4,803,242
18$8,935,025$3,268,914$624,558$5,041,552
19$9,381,776$3,434,212$655,786$5,291,778
20$9,850,865$3,607,775$688,575$5,554,514
21$10,343,408$3,790,016$723,004$5,830,388
22$10,860,578$3,981,369$759,154$6,120,055
23$11,403,607$4,182,290$797,112$6,424,205
24$11,973,788$4,393,256$836,968$6,743,563
25$12,572,477$4,614,771$878,816$7,078,889
26$13,201,101$4,847,362$922,757$7,430,982
27$13,861,156$5,091,583$968,895$7,800,678
28$14,554,214$5,348,014$1,017,340$8,188,860
29$15,281,924$5,617,267$1,068,207$8,596,451
30$16,046,021$5,899,983$1,121,617$9,024,421
Total$259,000,001$94,718,651$18,104,101$146,177,248

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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.