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Connecticut Powerball Jackpot Annuity Payout Schedule for Oct 29, 2011

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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 $209,200,000 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, Oct 29, 2011
Jackpot:$209,200,000
Federal Tax:37% marginal rate
State Tax: 6.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,730,057$1,337,141$260,731$2,132,185
2$3,879,259$1,392,346$271,160$2,215,753
3$4,034,429$1,449,759$282,007$2,302,664
4$4,195,807$1,509,469$293,287$2,393,051
5$4,363,639$1,571,567$305,018$2,487,054
6$4,538,184$1,636,148$317,219$2,584,817
7$4,719,712$1,703,314$329,908$2,686,490
8$4,908,500$1,773,165$343,104$2,792,231
9$5,104,840$1,845,811$356,828$2,902,201
10$5,309,034$1,921,363$371,101$3,016,570
11$5,521,395$1,999,936$385,946$3,135,513
12$5,742,251$2,081,653$401,383$3,259,215
13$5,971,941$2,166,638$417,439$3,387,864
14$6,210,819$2,255,023$434,136$3,521,659
15$6,459,251$2,346,943$451,502$3,660,806
16$6,717,621$2,442,540$469,562$3,805,520
17$6,986,326$2,541,961$488,344$3,956,021
18$7,265,779$2,645,359$507,878$4,112,543
19$7,556,411$2,752,892$528,193$4,275,325
20$7,858,667$2,864,727$549,321$4,444,619
21$8,173,014$2,981,035$571,294$4,620,685
22$8,499,934$3,101,996$594,145$4,803,793
23$8,839,932$3,227,795$617,911$4,994,225
24$9,193,529$3,358,626$642,628$5,192,275
25$9,561,270$3,494,690$668,333$5,398,247
26$9,943,721$3,636,197$695,066$5,612,458
27$10,341,470$3,783,364$722,869$5,835,237
28$10,755,128$3,936,418$751,783$6,066,927
29$11,185,334$4,095,594$781,855$6,307,885
30$11,632,747$4,261,137$813,129$6,558,481
Total$209,200,000$76,114,607$14,623,080$118,462,314

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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.