USA Mega

Colorado Mega Millions Jackpot Annuity Payout Schedule for Nov 20, 2020

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

The tax information provided here is based on 2021 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 $188,000,000 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, Nov 20, 2020
Jackpot:$188,000,000
Federal Tax:37% marginal rate
State Tax: 4.63%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,829,670$1,011,050$131,014$1,687,606
2$2,971,153$1,063,399$137,564$1,770,190
3$3,119,711$1,118,365$144,443$1,856,903
4$3,275,697$1,176,080$151,665$1,947,952
5$3,439,481$1,236,680$159,248$2,043,553
6$3,611,455$1,300,311$167,210$2,143,934
7$3,792,028$1,367,123$175,571$2,249,335
8$3,981,630$1,437,275$184,349$2,360,005
9$4,180,711$1,510,935$193,567$2,476,209
10$4,389,747$1,588,278$203,245$2,598,223
11$4,609,234$1,669,489$213,408$2,726,338
12$4,839,696$1,754,760$224,078$2,860,858
13$5,081,680$1,844,294$235,282$3,002,105
14$5,335,764$1,938,305$247,046$3,150,413
15$5,602,553$2,037,017$259,398$3,306,138
16$5,882,680$2,140,664$272,368$3,469,648
17$6,176,814$2,249,494$285,987$3,641,334
18$6,485,655$2,363,765$300,286$3,821,605
19$6,809,938$2,483,749$315,300$4,010,888
20$7,150,435$2,609,733$331,065$4,209,636
21$7,507,956$2,742,016$347,618$4,418,322
22$7,883,354$2,880,913$364,999$4,637,442
23$8,277,522$3,026,755$383,249$4,867,517
24$8,691,398$3,179,889$402,412$5,109,097
25$9,125,968$3,340,680$422,532$5,362,755
26$9,582,266$3,509,511$443,659$5,629,097
27$10,061,380$3,686,783$465,842$5,908,755
28$10,564,449$3,872,918$489,134$6,202,396
29$11,092,671$4,068,361$513,591$6,510,720
30$11,647,305$4,273,575$539,270$6,834,459
Total$188,000,000$68,482,167$8,704,400$110,813,433

◄ 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.