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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 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 $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 prize 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$2,474,588$298,681$4,014,929
2$7,127,607$2,600,170$313,615$4,213,823
3$7,483,987$2,732,030$329,295$4,422,662
4$7,858,187$2,870,484$345,760$4,641,943
5$8,251,096$3,015,861$363,048$4,872,187
6$8,663,651$3,168,506$381,201$5,113,944
7$9,096,834$3,328,783$400,261$5,367,790
8$9,551,675$3,497,075$420,274$5,634,327
9$10,029,259$3,673,781$441,287$5,914,191
10$10,530,722$3,859,322$463,352$6,208,048
11$11,057,258$4,054,140$486,519$6,516,598
12$11,610,121$4,258,700$510,845$6,840,576
13$12,190,627$4,473,487$536,388$7,180,752
14$12,800,158$4,699,014$563,207$7,537,938
15$13,440,166$4,935,816$591,367$7,912,982
16$14,112,175$5,184,460$620,936$8,306,779
17$14,817,783$5,445,535$651,982$8,720,266
18$15,558,672$5,719,664$684,582$9,154,427
19$16,336,606$6,007,499$718,811$9,610,296
20$17,153,436$6,309,726$754,751$10,088,959
21$18,011,108$6,627,065$792,489$10,591,554
22$18,911,663$6,960,270$832,113$11,119,280
23$19,857,247$7,310,136$873,719$11,673,392
24$20,850,109$7,677,495$917,405$12,255,209
25$21,892,614$8,063,222$963,275$12,866,117
26$22,987,245$8,468,236$1,011,439$13,507,571
27$24,136,608$8,893,500$1,062,011$14,181,097
28$25,343,438$9,340,027$1,115,111$14,888,299
29$26,610,610$9,808,881$1,170,867$15,630,862
30$27,941,140$10,301,177$1,229,410$16,410,553
Total$451,000,001$165,758,650$19,844,001$265,397,351

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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.