USA Mega

Connecticut Mega Millions Jackpot Annuity Payout Schedule for Nov 15, 2024

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 $387,000,000 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, Nov 15, 2024
Jackpot:$387,000,000
Federal Tax:37% marginal rate
State Tax: 6.99%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,824,905$2,112,235$407,161$3,305,509
2$6,116,151$2,219,996$427,519$3,468,636
3$6,421,958$2,333,145$448,895$3,639,918
4$6,743,056$2,451,951$471,340$3,819,766
5$7,080,209$2,576,697$494,907$4,008,605
6$7,434,219$2,707,681$519,652$4,206,886
7$7,805,930$2,845,215$545,635$4,415,081
8$8,196,227$2,989,624$572,916$4,633,686
9$8,606,038$3,141,254$601,562$4,863,222
10$9,036,340$3,300,466$631,640$5,104,234
11$9,488,157$3,467,638$663,222$5,357,297
12$9,962,565$3,643,169$696,383$5,623,012
13$10,460,693$3,827,477$731,202$5,902,014
14$10,983,728$4,021,000$767,763$6,194,966
15$11,532,914$4,224,199$806,151$6,502,565
16$12,109,560$4,437,557$846,458$6,825,544
17$12,715,038$4,661,584$888,781$7,164,672
18$13,350,790$4,896,812$933,220$7,520,757
19$14,018,329$5,143,802$979,881$7,894,646
20$14,719,246$5,403,141$1,028,875$8,287,229
21$15,455,208$5,675,447$1,080,319$8,699,442
22$16,227,968$5,961,369$1,134,335$9,132,265
23$17,039,367$6,261,586$1,191,052$9,586,729
24$17,891,335$6,576,814$1,250,604$10,063,917
25$18,785,902$6,907,804$1,313,135$10,564,963
26$19,725,197$7,255,343$1,378,791$11,091,063
27$20,711,457$7,620,259$1,447,731$11,643,467
28$21,747,030$8,003,421$1,520,117$12,223,491
29$22,834,381$8,405,741$1,596,123$12,832,517
30$23,976,100$8,828,177$1,675,929$13,471,994
Total$387,000,001$141,900,604$27,051,299$218,048,093

◄ 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.