USA Mega

Connecticut Powerball Jackpot Annuity Payout Schedule for Nov 22, 2008

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 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 $57,600,000 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, Nov 22, 2008
Jackpot:$57,600,000
Federal Tax:37% marginal rate
State Tax: 6.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,027,014$337,015$71,788$618,210
2$1,068,094$352,215$74,660$641,219
3$1,110,818$368,023$77,646$665,149
4$1,155,251$384,463$80,752$690,036
5$1,201,461$401,561$83,982$715,918
6$1,249,519$419,342$87,341$742,835
7$1,299,500$437,835$90,835$770,830
8$1,351,480$457,068$94,468$799,944
9$1,405,539$477,070$98,247$830,222
10$1,461,761$497,872$102,177$861,712
11$1,520,231$519,506$106,264$894,461
12$1,581,040$542,005$110,515$928,520
13$1,644,282$565,405$114,935$963,942
14$1,710,053$589,740$119,533$1,000,781
15$1,778,455$615,049$124,314$1,039,093
16$1,849,594$641,370$129,287$1,078,937
17$1,923,577$668,744$134,458$1,120,375
18$2,000,521$697,213$139,836$1,163,471
19$2,080,541$726,821$145,430$1,208,291
20$2,163,763$757,613$151,247$1,254,903
21$2,250,314$789,636$157,297$1,303,380
22$2,340,326$822,941$163,589$1,353,796
23$2,433,939$857,578$170,132$1,406,229
24$2,531,297$893,600$176,938$1,460,759
25$2,632,549$931,063$184,015$1,517,470
26$2,737,850$970,025$191,376$1,576,450
27$2,847,364$1,010,545$199,031$1,637,789
28$2,961,259$1,052,686$206,992$1,701,581
29$3,079,709$1,096,513$215,272$1,767,925
30$3,202,898$1,142,092$223,883$1,836,923
Total$57,600,000$20,022,609$4,026,240$33,551,151

◄ 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.