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Connecticut Mega Millions Jackpot Annuity Payout Schedule for Sep 9, 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 $210,000,000 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 9, 2022
Jackpot:$210,000,000
Federal Tax:37% marginal rate
State Tax: 6.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,160,801$1,127,684$220,940$1,812,177
2$3,318,841$1,186,159$231,987$1,900,695
3$3,484,783$1,247,558$243,586$1,993,639
4$3,659,023$1,312,026$255,766$2,091,231
5$3,841,974$1,379,718$268,554$2,193,702
6$4,034,072$1,450,795$281,982$2,301,296
7$4,235,776$1,525,425$296,081$2,414,271
8$4,447,565$1,603,787$310,885$2,532,893
9$4,669,943$1,686,067$326,429$2,657,447
10$4,903,440$1,772,461$342,750$2,788,229
11$5,148,612$1,863,174$359,888$2,925,550
12$5,406,043$1,958,424$377,882$3,069,737
13$5,676,345$2,058,435$396,777$3,221,133
14$5,960,162$2,163,448$416,615$3,380,099
15$6,258,171$2,273,711$437,446$3,547,014
16$6,571,079$2,389,487$459,318$3,722,274
17$6,899,633$2,511,052$482,284$3,906,297
18$7,244,615$2,638,695$506,399$4,099,521
19$7,606,845$2,772,721$531,718$4,302,406
20$7,987,188$2,913,447$558,304$4,515,436
21$8,386,547$3,061,210$586,220$4,739,117
22$8,805,874$3,216,361$615,531$4,973,982
23$9,246,168$3,379,270$646,307$5,220,591
24$9,708,476$3,550,324$678,623$5,479,530
25$10,193,900$3,729,931$712,554$5,751,416
26$10,703,595$3,918,518$748,181$6,036,896
27$11,238,775$4,116,535$785,590$6,336,650
28$11,800,714$4,324,452$824,870$6,651,392
29$12,390,749$4,542,765$866,113$6,981,871
30$13,010,287$4,771,994$909,419$7,328,874
Total$210,000,000$76,445,634$14,678,999$118,875,366

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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.