USA Mega

Connecticut Powerball Jackpot Annuity Payout Schedule for Jun 1, 2002

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

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 $21,300,000 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, Jun 1, 2002
Jackpot:$21,300,000
Federal Tax:37% marginal rate
State Tax: 6.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$379,781$103,298$26,547$249,936
2$394,972$108,615$27,609$258,749
3$410,771$114,145$28,713$267,914
4$427,202$119,895$29,861$277,445
5$444,290$125,876$31,056$287,358
6$462,062$132,096$32,298$297,667
7$480,544$138,565$33,590$308,389
8$499,766$145,293$34,934$319,540
9$519,757$152,290$36,331$331,136
10$540,547$159,566$37,784$343,197
11$562,169$167,134$39,296$355,739
12$584,656$175,004$40,867$368,784
13$608,042$183,189$42,502$382,350
14$632,363$192,162$44,202$395,999
15$657,658$201,521$45,970$410,166
16$683,964$211,255$47,809$424,901
17$711,323$221,377$49,721$440,224
18$739,776$231,905$51,710$456,161
19$769,367$242,853$53,779$472,735
20$800,142$254,240$55,930$489,972
21$832,147$266,082$58,167$507,898
22$865,433$278,398$60,494$526,541
23$900,050$291,206$62,914$545,930
24$936,052$304,527$65,430$566,095
25$973,495$318,381$68,047$587,067
26$1,012,434$332,788$70,769$608,877
27$1,052,932$347,772$73,600$631,559
28$1,095,049$363,356$76,544$655,149
29$1,138,851$379,563$79,606$679,683
30$1,184,405$396,418$82,790$705,197
Total$21,300,000$6,658,770$1,488,870$13,152,358

◄ 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.