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Connecticut Powerball Jackpot Annuity Payout Schedule for Jun 10, 2017

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The tax information provided here is based on 2022 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 $447,800,000 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 prize money, as well as deductions claimed.

State:

Connecticut

Drawing Date:Sat, Jun 10, 2017
Jackpot:$447,800,000
Federal Tax:37% marginal rate
State Tax: 6.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,740,033$2,456,767$471,128$3,812,137
2$7,077,034$2,581,458$494,685$4,000,892
3$7,430,886$2,712,383$519,419$4,199,084
4$7,802,430$2,849,854$545,390$4,407,186
5$8,192,552$2,994,199$572,659$4,625,693
6$8,602,179$3,145,761$601,292$4,855,126
7$9,032,289$3,304,902$631,357$5,096,030
8$9,483,903$3,471,999$662,925$5,348,979
9$9,958,098$3,647,451$696,071$5,614,576
10$10,456,003$3,831,676$730,875$5,893,452
11$10,978,803$4,025,112$767,418$6,186,273
12$11,527,743$4,228,220$805,789$6,493,734
13$12,104,130$4,441,483$846,079$6,816,568
14$12,709,337$4,665,410$888,383$7,155,545
15$13,344,804$4,900,532$932,802$7,511,470
16$14,012,044$5,147,411$979,442$7,885,191
17$14,712,646$5,406,634$1,028,414$8,277,598
18$15,448,278$5,678,818$1,079,835$8,689,626
19$16,220,692$5,964,611$1,133,826$9,122,255
20$17,031,727$6,264,694$1,190,518$9,576,515
21$17,883,313$6,579,781$1,250,044$10,053,489
22$18,777,479$6,910,622$1,312,546$10,554,311
23$19,716,353$7,258,006$1,378,173$11,080,174
24$20,702,170$7,622,758$1,447,082$11,632,331
25$21,737,279$8,005,748$1,519,436$12,212,095
26$22,824,143$8,407,888$1,595,408$12,820,847
27$23,965,350$8,830,135$1,675,178$13,460,038
28$25,163,617$9,273,493$1,758,937$14,131,187
29$26,421,798$9,739,020$1,846,884$14,835,894
30$27,742,888$10,227,824$1,939,228$15,575,837
Total$447,800,001$164,574,650$31,301,223$251,924,133

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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.