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Colorado Mega Millions Jackpot Annuity Payout Schedule for May 23, 2025

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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 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 $154,000,000 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 money, as well as deductions claimed.

State:

Colorado

Drawing Date:Fri, May 23, 2025
Jackpot:$154,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,317,921$814,651$101,989$1,401,281
2$2,433,817$857,533$107,088$1,469,197
3$2,555,508$902,558$112,442$1,540,507
4$2,683,283$949,835$118,064$1,615,384
5$2,817,447$999,476$123,968$1,694,004
6$2,958,320$1,051,599$130,166$1,776,555
7$3,106,236$1,106,328$136,674$1,863,234
8$3,261,548$1,163,793$143,508$1,954,247
9$3,424,625$1,224,132$150,684$2,049,810
10$3,595,856$1,287,487$158,218$2,150,152
11$3,775,649$1,354,010$166,129$2,255,510
12$3,964,432$1,423,860$174,435$2,366,137
13$4,162,653$1,497,202$183,157$2,482,294
14$4,370,786$1,574,211$192,315$2,604,260
15$4,589,325$1,655,071$201,930$2,732,324
16$4,818,791$1,739,973$212,027$2,866,791
17$5,059,731$1,829,121$222,628$3,007,982
18$5,312,717$1,922,726$233,760$3,156,232
19$5,578,353$2,021,011$245,448$3,311,895
20$5,857,271$2,124,211$257,720$3,475,341
21$6,150,134$2,232,570$270,606$3,646,959
22$6,457,641$2,346,347$284,136$3,827,157
23$6,780,523$2,465,814$298,343$4,016,366
24$7,119,549$2,591,254$313,260$4,215,036
25$7,475,527$2,722,965$328,923$4,423,638
26$7,849,303$2,861,262$345,369$4,642,671
27$8,241,768$3,006,475$362,638$4,872,656
28$8,653,857$3,158,947$380,770$5,114,140
29$9,086,550$3,319,044$399,808$5,367,698
30$9,540,877$3,487,145$419,799$5,633,934
Total$154,000,000$55,690,611$6,776,002$91,533,392

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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.