USA Mega

Connecticut Powerball Jackpot Annuity Payout Schedule for Aug 24, 2011

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 $47,900,000 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, Aug 24, 2011
Jackpot:$47,900,000
Federal Tax:37% marginal rate
State Tax: 6.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$854,062$274,191$59,699$520,172
2$888,224$286,831$62,087$539,307
3$923,753$299,976$64,570$559,206
4$960,703$313,648$67,153$579,902
5$999,131$327,866$69,839$601,426
6$1,039,097$342,654$72,633$623,810
7$1,080,661$358,032$75,538$647,090
8$1,123,887$374,026$78,560$671,301
9$1,168,842$390,659$81,702$696,481
10$1,215,596$407,958$84,970$722,668
11$1,264,220$425,949$88,369$749,902
12$1,314,789$444,660$91,904$778,225
13$1,367,380$464,118$95,580$807,682
14$1,422,076$484,356$99,403$838,317
15$1,478,959$505,402$103,379$870,177
16$1,538,117$527,291$107,514$903,312
17$1,599,642$550,055$111,815$937,772
18$1,663,627$573,730$116,288$973,610
19$1,730,172$598,352$120,939$1,010,882
20$1,799,379$623,958$125,777$1,049,645
21$1,871,354$650,589$130,808$1,089,958
22$1,946,209$678,285$136,040$1,131,884
23$2,024,057$707,089$141,482$1,175,487
24$2,105,019$737,045$147,141$1,220,834
25$2,189,220$768,199$153,026$1,267,994
26$2,276,789$800,600$159,148$1,317,042
27$2,367,860$834,296$165,513$1,368,051
28$2,462,575$869,340$172,134$1,421,100
29$2,561,078$905,787$179,019$1,476,272
30$2,663,521$943,690$186,180$1,533,650
Total$47,900,000$16,468,632$3,348,210$28,083,159

◄ 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.