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Connecticut Powerball Jackpot Annuity Payout Schedule for Dec 7, 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 $53,200,000 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:Wed, Dec 7, 2011
Jackpot:$53,200,000
Federal Tax:37% marginal rate
State Tax: 6.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$948,561$307,988$66,304$574,269
2$986,504$322,027$68,957$595,520
3$1,025,964$336,627$71,715$617,622
4$1,067,002$351,811$74,583$640,608
5$1,109,683$367,603$77,567$664,513
6$1,154,070$384,026$80,669$689,374
7$1,200,233$401,106$83,896$715,230
8$1,248,242$418,870$87,252$742,120
9$1,298,172$437,344$90,742$770,086
10$1,350,098$456,557$94,372$799,170
11$1,404,102$476,538$98,147$829,418
12$1,460,267$497,319$102,073$860,875
13$1,518,677$518,931$106,156$893,591
14$1,579,424$541,407$110,402$927,615
15$1,642,601$564,783$114,818$963,001
16$1,708,305$589,093$119,411$999,802
17$1,776,637$614,376$124,187$1,038,074
18$1,847,703$640,670$129,154$1,077,878
19$1,921,611$668,016$134,321$1,119,274
20$1,998,476$696,456$139,693$1,162,326
21$2,078,415$726,034$145,281$1,207,100
22$2,161,551$756,794$151,092$1,253,665
23$2,248,013$788,785$157,136$1,302,092
24$2,337,934$822,056$163,422$1,352,456
25$2,431,451$856,657$169,958$1,404,835
26$2,528,709$892,643$176,757$1,459,310
27$2,629,857$930,068$183,827$1,515,963
28$2,735,052$968,989$191,180$1,574,882
29$2,844,454$1,009,468$198,827$1,636,158
30$2,958,232$1,051,566$206,780$1,699,885
Total$53,200,000$18,394,608$3,718,679$31,086,712

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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.