USA Mega

Colorado Mega Millions Jackpot Annuity Payout Schedule for Jan 29, 1999

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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 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 $50,000,000 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, Jan 29, 1999
Jackpot:$50,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$752,572$236,639$33,113$482,819
2$790,200$250,562$34,769$504,870
3$829,710$265,181$36,507$528,023
4$871,196$280,530$38,333$552,333
5$914,756$296,647$40,249$577,859
6$960,493$313,570$42,262$604,661
7$1,008,518$331,339$44,375$632,804
8$1,058,944$349,997$46,594$662,353
9$1,111,891$369,588$48,923$693,381
10$1,167,486$390,157$51,369$725,959
11$1,225,860$411,756$53,938$760,166
12$1,287,153$434,434$56,635$796,084
13$1,351,511$458,247$59,466$833,798
14$1,419,086$483,250$62,440$873,397
15$1,490,041$509,503$65,562$914,976
16$1,564,543$537,069$68,840$958,634
17$1,642,770$566,013$72,282$1,004,475
18$1,724,908$596,404$75,896$1,052,608
19$1,811,154$628,315$79,691$1,103,148
20$1,901,711$661,821$83,675$1,156,215
21$1,996,797$697,003$87,859$1,211,935
22$2,096,637$733,943$92,252$1,270,441
23$2,201,469$772,731$96,865$1,331,873
24$2,311,542$813,458$101,708$1,396,376
25$2,427,119$856,222$106,793$1,464,104
26$2,548,475$901,124$112,133$1,535,219
27$2,675,899$948,270$117,740$1,609,889
28$2,809,694$997,774$123,627$1,688,293
29$2,950,178$1,049,754$129,808$1,770,617
30$3,097,687$1,104,332$136,298$1,857,057
Total$50,000,000$17,245,633$2,200,002$30,554,367

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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.