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Colorado Mega Millions Jackpot Annuity Payout Schedule for Jan 19, 2021

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The tax information provided here is based on 2021 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 Mega Millions 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 $850,000,000 for a ticket purchased in 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 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:

Colorado

Drawing Date:Tue, Jan 19, 2021
Jackpot:$850,000,000
Federal Tax:37% marginal rate
State Tax: 4.63%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$12,793,720$4,697,749$592,349$7,503,622
2$13,433,406$4,934,432$621,967$7,877,007
3$14,105,076$5,182,950$653,065$8,269,061
4$14,810,330$5,443,894$685,718$8,680,718
5$15,550,846$5,717,885$720,004$9,112,957
6$16,328,389$6,005,576$756,004$9,566,808
7$17,144,809$6,307,651$793,805$10,043,353
8$18,002,049$6,624,830$833,495$10,543,724
9$18,902,151$6,957,868$875,170$11,069,113
10$19,847,259$7,307,558$918,928$11,620,773
11$20,839,622$7,674,732$964,874$12,200,015
12$21,881,603$8,060,265$1,013,118$12,808,219
13$22,975,683$8,465,075$1,063,774$13,446,834
14$24,124,467$8,890,125$1,116,963$14,117,379
15$25,330,690$9,336,428$1,172,811$14,821,452
16$26,597,225$9,805,046$1,231,452$15,560,728
17$27,927,086$10,297,094$1,293,024$16,336,968
18$29,323,440$10,813,745$1,357,675$17,152,020
19$30,789,612$11,356,229$1,425,559$18,007,824
20$32,329,093$11,925,837$1,496,837$18,906,419
21$33,945,547$12,523,925$1,571,679$19,849,944
22$35,642,825$13,151,917$1,650,263$20,840,645
23$37,424,966$13,811,310$1,732,776$21,880,881
24$39,296,214$14,503,671$1,819,415$22,973,128
25$41,261,025$15,230,651$1,910,385$24,119,988
26$43,324,077$15,993,981$2,005,905$25,324,191
27$45,490,280$16,795,476$2,106,200$26,588,604
28$47,764,794$17,637,046$2,211,510$27,916,238
29$50,153,034$18,520,695$2,322,085$29,310,253
30$52,660,686$19,448,526$2,438,190$30,773,970
Total$850,000,002$313,422,167$39,355,000$497,222,836

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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.