USA Mega

Connecticut Powerball Jackpot Annuity Payout Schedule for May 13, 2000

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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 Powerball 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 $35,100,000 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:Sat, May 13, 2000
Jackpot:$35,100,000
Federal Tax:37% marginal rate
State Tax: 6.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$625,836$189,747$43,746$392,343
2$650,870$199,010$45,496$406,365
3$676,905$208,643$47,316$420,947
4$703,981$218,661$49,208$436,112
5$732,140$229,080$51,177$451,884
6$761,426$239,915$53,224$468,287
7$791,883$251,184$55,353$485,346
8$823,558$262,904$57,567$503,087
9$856,500$275,093$59,869$521,538
10$890,760$287,769$62,264$540,727
11$926,391$300,952$64,755$560,684
12$963,447$314,663$67,345$581,439
13$1,001,984$328,922$70,039$603,024
14$1,042,064$343,751$72,840$625,472
15$1,083,746$359,174$75,754$648,819
16$1,127,096$375,213$78,784$673,099
17$1,172,180$391,894$81,935$698,350
18$1,219,067$409,243$85,213$724,612
19$1,267,830$427,285$88,621$751,924
20$1,318,543$446,049$92,166$780,328
21$1,371,285$465,563$95,853$809,869
22$1,426,136$485,858$99,687$840,591
23$1,483,182$506,965$103,674$872,542
24$1,542,509$528,916$107,821$905,771
25$1,604,209$551,745$112,134$940,330
26$1,668,378$575,487$116,620$976,271
27$1,735,113$600,179$121,284$1,013,649
28$1,804,517$625,859$126,136$1,052,522
29$1,876,698$652,566$131,181$1,092,951
30$1,951,766$680,341$136,428$1,134,996
Total$35,100,000$11,732,631$2,453,490$20,913,879

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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.