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Mega Millions Annuity Jackpot Analysis for Colorado

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The Mega Millions annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $212,000,000 would be for a resident of Colorado, 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 final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

Colorado

Drawing Date:  Fri, Apr 26, 2019
Jackpot:$212,000,000
Federal Tax:  24%
State Tax:4.00%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,190,904$765,817$127,636$2,297,451
2$3,350,449$804,108$134,018$2,412,324
3$3,517,972$844,313$140,719$2,532,940
4$3,693,871$886,529$147,755$2,659,587
5$3,878,564$930,855$155,143$2,792,566
6$4,072,492$977,398$162,900$2,932,194
7$4,276,117$1,026,268$171,045$3,078,804
8$4,489,923$1,077,581$179,597$3,232,744
9$4,714,419$1,131,461$188,577$3,394,382
10$4,950,140$1,188,034$198,006$3,564,101
11$5,197,647$1,247,435$207,906$3,742,306
12$5,457,529$1,309,807$218,301$3,929,421
13$5,730,406$1,375,297$229,216$4,125,892
14$6,016,926$1,444,062$240,677$4,332,187
15$6,317,772$1,516,265$252,711$4,548,796
16$6,633,661$1,592,079$265,346$4,776,236
17$6,965,344$1,671,682$278,614$5,015,047
18$7,313,611$1,755,267$292,544$5,265,800
19$7,679,291$1,843,030$307,172$5,529,090
20$8,063,256$1,935,181$322,530$5,805,544
21$8,466,419$2,031,941$338,657$6,095,822
22$8,889,740$2,133,538$355,590$6,400,613
23$9,334,227$2,240,214$373,369$6,720,643
24$9,800,938$2,352,225$392,038$7,056,675
25$10,290,985$2,469,836$411,639$7,409,509
26$10,805,534$2,593,328$432,221$7,779,985
27$11,345,811$2,722,995$453,832$8,168,984
28$11,913,102$2,859,144$476,524$8,577,433
29$12,508,757$3,002,102$500,350$9,006,305
30$13,134,195$3,152,207$525,368$9,456,620
Total$212,000,000$50,880,000$8,480,000$152,640,000
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