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Colorado Mega Millions Jackpot Annuity Payout Schedule for Aug 30, 2013

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The tax information provided here is based on 2022 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 $77,000,000 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:Fri, Aug 30, 2013
Jackpot:$77,000,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,158,960$391,770$52,733$714,457
2$1,216,909$413,211$55,369$748,328
3$1,277,754$435,724$58,138$783,892
4$1,341,642$459,362$61,045$821,235
5$1,408,724$484,183$64,097$860,444
6$1,479,160$510,244$67,302$901,614
7$1,553,118$537,609$70,667$944,842
8$1,630,774$566,341$74,200$990,232
9$1,712,313$596,511$77,910$1,037,892
10$1,797,928$628,188$81,806$1,087,934
11$1,887,825$661,450$85,896$1,140,478
12$1,982,216$696,375$90,191$1,195,650
13$2,081,327$733,046$94,700$1,253,580
14$2,185,393$771,550$99,435$1,314,407
15$2,294,663$811,980$104,407$1,378,275
16$2,409,396$854,431$109,628$1,445,337
17$2,529,865$899,005$115,109$1,515,751
18$2,656,359$945,808$120,864$1,589,687
19$2,789,177$994,950$126,908$1,667,319
20$2,928,635$1,046,550$133,253$1,748,832
21$3,075,067$1,100,730$139,916$1,834,422
22$3,228,821$1,157,619$146,911$1,924,291
23$3,390,262$1,217,352$154,257$2,018,653
24$3,559,775$1,280,072$161,970$2,117,733
25$3,737,763$1,345,927$170,068$2,221,768
26$3,924,652$1,415,076$178,572$2,331,004
27$4,120,884$1,487,682$187,500$2,445,702
28$4,326,928$1,563,918$196,875$2,566,135
29$4,543,275$1,643,967$206,719$2,692,589
30$4,770,439$1,728,017$217,055$2,825,366
Total$77,000,000$27,378,648$3,503,501$46,117,849

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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.