USA Mega

Colorado Mega Millions Jackpot Annuity Payout Schedule for Sep 26, 2014

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $93,000,000 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, Sep 26, 2014
Jackpot:$93,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,399,783$480,875$61,590$857,318
2$1,469,773$506,771$64,670$898,332
3$1,543,261$533,962$67,903$941,396
4$1,620,424$562,512$71,299$986,614
5$1,701,446$592,490$74,864$1,034,092
6$1,786,518$623,967$78,607$1,083,944
7$1,875,844$657,017$82,537$1,136,289
8$1,969,636$691,720$86,664$1,191,252
9$2,068,118$728,159$90,997$1,248,962
10$2,171,524$766,419$95,547$1,309,558
11$2,280,100$806,592$100,324$1,373,183
12$2,394,105$848,774$105,341$1,439,990
13$2,513,810$893,065$110,608$1,510,138
14$2,639,501$939,570$116,138$1,583,792
15$2,771,476$988,401$121,945$1,661,130
16$2,910,049$1,039,673$128,042$1,742,334
17$3,055,552$1,093,509$134,444$1,827,598
18$3,208,329$1,150,037$141,166$1,917,126
19$3,368,746$1,209,391$148,225$2,011,130
20$3,537,183$1,271,713$155,636$2,109,834
21$3,714,042$1,337,151$163,418$2,213,474
22$3,899,744$1,405,860$171,589$2,322,295
23$4,094,732$1,478,006$180,168$2,436,558
24$4,299,468$1,553,758$189,177$2,556,533
25$4,514,442$1,633,298$198,635$2,682,508
26$4,740,164$1,716,816$208,567$2,814,781
27$4,977,172$1,804,509$218,996$2,953,668
28$5,226,030$1,896,586$229,945$3,099,499
29$5,487,332$1,993,268$241,443$3,252,622
30$5,761,699$2,094,783$253,515$3,413,400
Total$93,000,000$33,298,652$4,092,000$55,609,350

◄ Back to Jackpot Analysis

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.