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Connecticut Mega Millions Jackpot Annuity Payout Schedule for Nov 25, 2022

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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 $284,000,000 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 25, 2022
Jackpot:$284,000,000
Federal Tax:37% marginal rate
State Tax: 6.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,274,608$1,539,793$298,795$2,436,020
2$4,488,338$1,618,873$313,735$2,555,730
3$4,712,755$1,701,907$329,422$2,681,426
4$4,948,393$1,789,093$345,893$2,813,407
5$5,195,812$1,880,638$363,187$2,951,987
6$5,455,603$1,976,761$381,347$3,097,495
7$5,728,383$2,077,689$400,414$3,250,280
8$6,014,802$2,183,665$420,435$3,410,703
9$6,315,542$2,294,938$441,456$3,579,147
10$6,631,319$2,411,776$463,529$3,756,014
11$6,962,885$2,534,455$486,706$3,941,724
12$7,311,030$2,663,269$511,041$4,136,720
13$7,676,581$2,798,523$536,593$4,341,465
14$8,060,410$2,940,540$563,423$4,556,448
15$8,463,431$3,089,657$591,594$4,782,180
16$8,886,602$3,246,231$621,173$5,019,198
17$9,330,932$3,410,633$652,232$5,268,067
18$9,797,479$3,583,255$684,844$5,529,380
19$10,287,353$3,764,508$719,086$5,803,759
20$10,801,720$3,954,824$755,040$6,091,856
21$11,341,806$4,154,656$792,792$6,394,358
22$11,908,897$4,364,480$832,432$6,711,985
23$12,504,342$4,584,794$874,053$7,045,494
24$13,129,559$4,816,124$917,756$7,395,678
25$13,786,036$5,059,021$963,644$7,763,371
26$14,475,339$5,314,063$1,011,826$8,149,449
27$15,199,105$5,581,857$1,062,417$8,554,831
28$15,959,061$5,863,040$1,115,538$8,980,482
29$16,757,014$6,158,283$1,171,315$9,427,416
30$17,594,864$6,468,288$1,229,881$9,896,696
Total$284,000,001$103,825,634$19,851,599$160,322,766

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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.