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Connecticut Mega Millions Jackpot Annuity Payout Schedule for Dec 20, 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 $465,000,000 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, Dec 20, 2022
Jackpot:$465,000,000
Federal Tax:37% marginal rate
State Tax: 6.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,998,917$2,546,620$489,224$3,963,073
2$7,348,863$2,676,100$513,686$4,159,078
3$7,716,306$2,812,054$539,370$4,364,883
4$8,102,122$2,954,805$566,338$4,580,978
5$8,507,228$3,104,694$594,655$4,807,878
6$8,932,589$3,262,078$624,388$5,046,123
7$9,379,219$3,427,331$655,607$5,296,280
8$9,848,180$3,600,847$688,388$5,558,945
9$10,340,589$3,783,038$722,807$5,834,743
10$10,857,618$3,974,339$758,947$6,124,332
11$11,400,499$4,175,205$796,895$6,428,399
12$11,970,524$4,386,114$836,740$6,747,670
13$12,569,050$4,607,569$878,577$7,082,905
14$13,197,503$4,840,096$922,505$7,434,901
15$13,857,378$5,084,250$968,631$7,804,497
16$14,550,247$5,340,612$1,017,062$8,192,573
17$15,277,759$5,609,791$1,067,915$8,600,052
18$16,041,647$5,892,430$1,121,311$9,027,906
19$16,843,729$6,189,200$1,177,377$9,477,152
20$17,685,916$6,500,809$1,236,245$9,948,861
21$18,570,211$6,827,998$1,298,058$10,444,155
22$19,498,722$7,171,547$1,362,961$10,964,214
23$20,473,658$7,532,274$1,431,109$11,510,276
24$21,497,341$7,911,036$1,502,664$12,083,640
25$22,572,208$8,308,737$1,577,797$12,685,673
26$23,700,818$8,726,323$1,656,687$13,317,808
27$24,885,859$9,164,788$1,739,522$13,981,550
28$26,130,152$9,625,176$1,826,498$14,678,478
29$27,436,660$10,108,584$1,917,823$15,410,253
30$28,808,493$10,616,163$2,013,714$16,178,617
Total$465,000,001$170,760,608$32,503,501$261,735,893

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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.