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

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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 $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$476,108$61,590$862,085
2$1,469,773$502,004$64,670$903,099
3$1,543,261$529,194$67,903$946,163
4$1,620,424$557,745$71,299$991,381
5$1,701,446$587,723$74,864$1,038,859
6$1,786,518$619,199$78,607$1,088,712
7$1,875,844$652,250$82,537$1,141,057
8$1,969,636$686,953$86,664$1,196,019
9$2,068,118$723,391$90,997$1,253,729
10$2,171,524$761,651$95,547$1,314,325
11$2,280,100$801,825$100,324$1,377,951
12$2,394,105$844,007$105,341$1,444,758
13$2,513,810$888,297$110,608$1,514,905
14$2,639,501$934,803$116,138$1,588,560
15$2,771,476$983,634$121,945$1,665,897
16$2,910,049$1,034,906$128,042$1,747,101
17$3,055,552$1,088,742$134,444$1,832,366
18$3,208,329$1,145,270$141,166$1,921,893
19$3,368,746$1,204,624$148,225$2,015,897
20$3,537,183$1,266,946$155,636$2,114,602
21$3,714,042$1,332,383$163,418$2,218,241
22$3,899,744$1,401,093$171,589$2,327,062
23$4,094,732$1,473,238$180,168$2,441,325
24$4,299,468$1,548,991$189,177$2,561,301
25$4,514,442$1,628,531$198,635$2,687,275
26$4,740,164$1,712,048$208,567$2,819,548
27$4,977,172$1,799,741$218,996$2,958,435
28$5,226,030$1,891,819$229,945$3,104,266
29$5,487,332$1,988,501$241,443$3,257,389
30$5,761,699$2,090,016$253,515$3,418,168
Total$93,000,000$33,155,633$4,092,000$55,752,369

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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.