USA Mega

Colorado Mega Millions Jackpot Annuity Payout Schedule for Oct 23, 2018

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The tax information provided here is based on 2025 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 $1,537,000,000 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:Tue, Oct 23, 2018
Jackpot:$1,537,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$23,134,056$8,516,621$1,017,898$13,599,536
2$24,290,759$8,944,601$1,068,793$14,277,364
3$25,505,296$9,393,980$1,122,233$14,989,083
4$26,780,562$9,865,828$1,178,345$15,736,389
5$28,119,589$10,361,268$1,237,262$16,521,059
6$29,525,569$10,881,481$1,299,125$17,344,963
7$31,001,848$11,427,704$1,364,081$18,210,063
8$32,551,940$12,001,238$1,432,285$19,118,417
9$34,179,537$12,603,449$1,503,900$20,072,188
10$35,888,513$13,235,770$1,579,095$21,073,649
11$37,682,939$13,899,708$1,658,049$22,125,182
12$39,567,086$14,596,842$1,740,952$23,229,292
13$41,545,440$15,328,833$1,827,999$24,388,608
14$43,622,713$16,097,424$1,919,399$25,605,889
15$45,803,848$16,904,444$2,015,369$26,884,035
16$48,094,041$17,751,815$2,116,138$28,226,088
17$50,498,742$18,641,555$2,221,945$29,635,243
18$53,023,680$19,575,782$2,333,042$31,114,856
19$55,674,863$20,556,720$2,449,694$32,668,450
20$58,458,607$21,586,705$2,572,179$34,299,723
21$61,381,537$22,668,189$2,700,788$36,012,560
22$64,450,614$23,803,747$2,835,827$37,811,039
23$67,673,145$24,996,084$2,977,618$39,699,443
24$71,056,801$26,248,037$3,126,499$41,682,265
25$74,609,641$27,562,587$3,282,824$43,764,229
26$78,340,125$28,942,866$3,446,965$45,950,293
27$82,257,131$30,392,159$3,619,314$48,245,658
28$86,369,986$31,913,915$3,800,279$50,655,791
29$90,688,486$33,511,760$3,990,293$53,186,432
30$95,222,911$35,189,497$4,189,808$55,843,605
Total$1,537,000,003$567,400,609$67,627,998$901,971,392

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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.