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Connecticut Powerball Jackpot Annuity Payout Schedule for Sep 5, 2015

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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 $134,100,000 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, Sep 5, 2015
Jackpot:$134,100,000
Federal Tax:37% marginal rate
State Tax: 6.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,391,016$841,696$167,132$1,382,188
2$2,486,657$877,083$173,817$1,435,756
3$2,586,123$913,886$180,770$1,491,467
4$2,689,568$952,160$188,001$1,549,407
5$2,797,151$991,966$195,521$1,609,664
6$2,909,037$1,033,364$203,342$1,672,331
7$3,025,398$1,076,418$211,475$1,737,505
8$3,146,414$1,121,194$219,934$1,805,286
9$3,272,271$1,167,760$228,732$1,875,779
10$3,403,162$1,216,190$237,881$1,949,091
11$3,539,288$1,266,557$247,396$2,025,335
12$3,680,860$1,318,938$257,292$2,104,629
13$3,828,094$1,373,415$267,584$2,187,095
14$3,981,218$1,430,071$278,287$2,272,860
15$4,140,467$1,488,993$289,419$2,362,055
16$4,306,085$1,550,272$300,995$2,454,818
17$4,478,329$1,614,002$313,035$2,551,292
18$4,657,462$1,680,281$325,557$2,651,624
19$4,843,760$1,749,212$338,579$2,755,970
20$5,037,511$1,820,899$352,122$2,864,489
21$5,239,011$1,895,454$366,207$2,977,350
22$5,448,572$1,972,992$380,855$3,094,725
23$5,666,514$2,053,631$396,089$3,216,794
24$5,893,175$2,137,495$411,933$3,343,747
25$6,128,902$2,224,714$428,410$3,475,778
26$6,374,058$2,315,422$445,547$3,613,090
27$6,629,020$2,409,758$463,369$3,755,894
28$6,894,181$2,507,867$481,903$3,904,411
29$7,169,948$2,609,901$501,179$4,058,868
30$7,456,746$2,716,016$521,227$4,219,503
Total$134,100,000$48,327,607$9,373,590$76,398,801

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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.