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Colorado Mega Millions Jackpot Annuity Payout Schedule for Jan 5, 2018

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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 $451,000,000 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 5, 2018
Jackpot:$451,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,788,197$2,469,821$298,681$4,019,696
2$7,127,607$2,595,402$313,615$4,218,590
3$7,483,987$2,727,263$329,295$4,427,429
4$7,858,187$2,865,717$345,760$4,646,710
5$8,251,096$3,011,093$363,048$4,876,954
6$8,663,651$3,163,739$381,201$5,118,712
7$9,096,834$3,324,016$400,261$5,372,557
8$9,551,675$3,492,308$420,274$5,639,094
9$10,029,259$3,669,014$441,287$5,918,958
10$10,530,722$3,854,555$463,352$6,212,815
11$11,057,258$4,049,373$486,519$6,521,365
12$11,610,121$4,253,933$510,845$6,845,343
13$12,190,627$4,468,720$536,388$7,185,520
14$12,800,158$4,694,246$563,207$7,542,705
15$13,440,166$4,931,049$591,367$7,917,750
16$14,112,175$5,179,692$620,936$8,311,547
17$14,817,783$5,440,768$651,982$8,725,033
18$15,558,672$5,714,897$684,582$9,159,194
19$16,336,606$6,002,732$718,811$9,615,063
20$17,153,436$6,304,959$754,751$10,093,726
21$18,011,108$6,622,298$792,489$10,596,322
22$18,911,663$6,955,503$832,113$11,124,047
23$19,857,247$7,305,369$873,719$11,678,159
24$20,850,109$7,672,728$917,405$12,259,976
25$21,892,614$8,058,455$963,275$12,870,884
26$22,987,245$8,463,469$1,011,439$13,512,338
27$24,136,608$8,888,733$1,062,011$14,185,864
28$25,343,438$9,335,260$1,115,111$14,893,067
29$26,610,610$9,804,113$1,170,867$15,635,629
30$27,941,140$10,296,410$1,229,410$16,415,320
Total$451,000,001$165,615,635$19,844,001$265,540,367

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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.