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 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 $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$235,472$33,113$483,987
2$790,200$249,394$34,769$506,037
3$829,710$264,013$36,507$529,190
4$871,196$279,363$38,333$553,501
5$914,756$295,480$40,249$579,027
6$960,493$312,403$42,262$605,829
7$1,008,518$330,172$44,375$633,971
8$1,058,944$348,830$46,594$663,521
9$1,111,891$368,420$48,923$694,548
10$1,167,486$388,990$51,369$727,126
11$1,225,860$410,588$53,938$761,334
12$1,287,153$433,267$56,635$797,251
13$1,351,511$457,079$59,466$834,965
14$1,419,086$482,082$62,440$874,564
15$1,490,041$508,335$65,562$916,144
16$1,564,543$535,901$68,840$959,802
17$1,642,770$564,845$72,282$1,005,643
18$1,724,908$595,236$75,896$1,053,776
19$1,811,154$627,147$79,691$1,104,316
20$1,901,711$660,653$83,675$1,157,383
21$1,996,797$695,835$87,859$1,213,103
22$2,096,637$732,776$92,252$1,271,609
23$2,201,469$771,564$96,865$1,333,040
24$2,311,542$812,291$101,708$1,397,543
25$2,427,119$855,054$106,793$1,465,272
26$2,548,475$899,956$112,133$1,536,386
27$2,675,899$947,103$117,740$1,611,056
28$2,809,694$996,607$123,627$1,689,460
29$2,950,178$1,048,586$129,808$1,771,784
30$3,097,687$1,103,165$136,298$1,858,225
Total$50,000,000$17,210,607$2,200,002$30,589,393

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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.