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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 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 $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$842,864$167,132$1,381,020
2$2,486,657$878,251$173,817$1,434,589
3$2,586,123$915,053$180,770$1,490,300
4$2,689,568$953,328$188,001$1,548,239
5$2,797,151$993,134$195,521$1,608,496
6$2,909,037$1,034,531$203,342$1,671,164
7$3,025,398$1,077,585$211,475$1,736,338
8$3,146,414$1,122,361$219,934$1,804,119
9$3,272,271$1,168,928$228,732$1,874,611
10$3,403,162$1,217,358$237,881$1,947,923
11$3,539,288$1,267,724$247,396$2,024,168
12$3,680,860$1,320,106$257,292$2,103,462
13$3,828,094$1,374,583$267,584$2,185,928
14$3,981,218$1,431,238$278,287$2,271,692
15$4,140,467$1,490,160$289,419$2,360,888
16$4,306,085$1,551,439$300,995$2,453,651
17$4,478,329$1,615,169$313,035$2,550,124
18$4,657,462$1,681,449$325,557$2,650,457
19$4,843,760$1,750,379$338,579$2,754,802
20$5,037,511$1,822,067$352,122$2,863,322
21$5,239,011$1,896,622$366,207$2,976,182
22$5,448,572$1,974,159$380,855$3,093,557
23$5,666,514$2,054,798$396,089$3,215,627
24$5,893,175$2,138,663$411,933$3,342,580
25$6,128,902$2,225,881$428,410$3,474,610
26$6,374,058$2,316,589$445,547$3,611,922
27$6,629,020$2,410,925$463,369$3,754,727
28$6,894,181$2,509,035$481,903$3,903,243
29$7,169,948$2,611,069$501,179$4,057,700
30$7,456,746$2,717,184$521,227$4,218,336
Total$134,100,000$48,362,632$9,373,590$76,363,777

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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.