USA Mega

Connecticut Mega Millions Jackpot Annuity Payout Schedule for Sep 12, 2023

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $141,000,000 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, Sep 12, 2023
Jackpot:$141,000,000
Federal Tax:37% marginal rate
State Tax: 6.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,122,252$742,254$148,345$1,231,653
2$2,228,365$781,515$155,763$1,291,087
3$2,339,783$822,740$163,551$1,353,492
4$2,456,772$866,026$171,728$1,419,018
5$2,579,611$911,476$180,315$1,487,820
6$2,708,592$959,199$189,331$1,560,062
7$2,844,021$1,009,308$198,797$1,635,916
8$2,986,222$1,061,922$208,737$1,715,563
9$3,135,533$1,117,168$219,174$1,799,192
10$3,292,310$1,175,175$230,132$1,887,003
11$3,456,925$1,236,083$241,639$1,979,204
12$3,629,772$1,300,036$253,721$2,076,015
13$3,811,260$1,367,187$266,407$2,177,667
14$4,001,823$1,437,695$279,727$2,284,401
15$4,201,914$1,511,729$293,714$2,396,472
16$4,412,010$1,589,464$308,400$2,514,147
17$4,632,611$1,671,086$323,819$2,637,705
18$4,864,241$1,756,790$340,010$2,767,441
19$5,107,453$1,846,778$357,011$2,903,664
20$5,362,826$1,941,266$374,862$3,046,699
21$5,630,967$2,040,478$393,605$3,196,885
22$5,912,516$2,144,651$413,285$3,354,580
23$6,208,141$2,254,033$433,949$3,520,160
24$6,518,548$2,368,883$455,647$3,694,019
25$6,844,476$2,489,476$478,429$3,876,571
26$7,186,700$2,616,099$502,350$4,068,250
27$7,546,035$2,749,053$527,468$4,269,514
28$7,923,336$2,888,655$553,841$4,480,840
29$8,319,503$3,035,236$581,533$4,702,734
30$8,735,478$3,189,147$610,610$4,935,721
Total$141,000,000$50,880,608$9,855,900$80,263,495

◄ Back to Jackpot Analysis

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.