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Connecticut Mega Millions Jackpot Annuity Payout Schedule for Sep 2, 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 $169,000,000 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 2, 2022
Jackpot:$169,000,000
Federal Tax:37% marginal rate
State Tax: 6.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,543,693$899,354$177,804$1,466,534
2$2,670,877$946,412$186,694$1,537,771
3$2,804,421$995,824$196,029$1,612,568
4$2,944,642$1,047,705$205,830$1,691,106
5$3,091,874$1,102,181$216,122$1,773,571
6$3,246,468$1,159,381$226,928$1,860,159
7$3,408,791$1,219,441$238,275$1,951,076
8$3,579,231$1,282,503$250,188$2,046,539
9$3,758,192$1,348,719$262,698$2,146,776
10$3,946,102$1,418,245$275,833$2,252,024
11$4,143,407$1,491,248$289,624$2,362,535
12$4,350,577$1,567,901$304,105$2,478,571
13$4,568,106$1,648,387$319,311$2,600,409
14$4,796,512$1,732,897$335,276$2,728,338
15$5,036,337$1,821,633$352,040$2,862,665
16$5,288,154$1,914,805$369,642$3,003,707
17$5,552,562$2,012,636$388,124$3,151,802
18$5,830,190$2,115,358$407,530$3,307,302
19$6,121,699$2,223,217$427,907$3,470,576
20$6,427,784$2,336,468$449,302$3,642,014
21$6,749,174$2,455,382$471,767$3,822,024
22$7,086,632$2,580,242$495,356$4,011,035
23$7,440,964$2,711,344$520,123$4,209,496
24$7,813,012$2,849,002$546,130$4,417,880
25$8,203,663$2,993,543$573,436$4,636,684
26$8,613,846$3,145,311$602,108$4,866,427
27$9,044,538$3,304,667$632,213$5,107,658
28$9,496,765$3,471,991$663,824$5,360,950
29$9,971,603$3,647,681$697,015$5,626,907
30$10,470,183$3,832,156$731,866$5,906,162
Total$169,000,000$61,275,634$11,813,100$95,911,266

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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.