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Connecticut Mega Millions Jackpot Annuity Payout Schedule for Sep 19, 2023

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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 $183,000,000 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 19, 2023
Jackpot:$183,000,000
Federal Tax:37% marginal rate
State Tax: 6.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,754,413$977,320$192,533$1,584,559
2$2,892,133$1,028,277$202,160$1,661,696
3$3,036,740$1,081,782$212,268$1,742,690
4$3,188,577$1,137,961$222,882$1,827,734
5$3,348,006$1,196,950$234,026$1,917,030
6$3,515,406$1,258,888$245,727$2,010,791
7$3,691,176$1,323,923$258,013$2,109,240
8$3,875,735$1,392,210$270,914$2,212,612
9$4,069,522$1,463,911$284,460$2,321,152
10$4,272,998$1,539,197$298,683$2,435,118
11$4,486,648$1,618,247$313,617$2,554,784
12$4,710,980$1,701,250$329,298$2,680,432
13$4,946,529$1,788,404$345,762$2,812,363
14$5,193,856$1,879,914$363,051$2,950,891
15$5,453,549$1,976,001$381,203$3,096,345
16$5,726,226$2,076,891$400,263$3,249,071
17$6,012,537$2,182,827$420,276$3,409,434
18$6,313,164$2,294,059$441,290$3,577,816
19$6,628,822$2,410,852$463,355$3,754,616
20$6,960,264$2,533,485$486,522$3,940,256
21$7,308,277$2,662,250$510,849$4,135,178
22$7,673,691$2,797,453$536,391$4,339,846
23$8,057,375$2,939,417$563,211$4,554,748
24$8,460,244$3,088,478$591,371$4,780,395
25$8,883,256$3,244,992$620,940$5,017,324
26$9,327,419$3,409,333$651,987$5,266,100
27$9,793,790$3,581,890$684,586$5,527,314
28$10,283,479$3,763,075$718,815$5,801,589
29$10,797,653$3,953,319$754,756$6,089,578
30$11,337,536$4,153,076$792,494$6,391,966
Total$183,000,000$66,455,632$12,791,703$103,752,668

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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.