USA Mega

Colorado Mega Millions Jackpot Annuity Payout Schedule for May 29, 2020

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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 $336,000,000 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, May 29, 2020
Jackpot:$336,000,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,057,282$1,835,267$230,106$2,991,909
2$5,310,146$1,928,826$241,612$3,139,708
3$5,575,654$2,027,064$253,692$3,294,897
4$5,854,436$2,130,214$266,377$3,457,846
5$6,147,158$2,238,521$279,696$3,628,942
6$6,454,516$2,352,243$293,680$3,808,592
7$6,777,242$2,471,652$308,365$3,997,226
8$7,116,104$2,597,031$323,783$4,195,291
9$7,471,909$2,728,679$339,972$4,403,259
10$7,845,505$2,866,909$356,970$4,621,625
11$8,237,780$3,012,051$374,819$4,850,910
12$8,649,669$3,164,450$393,560$5,091,659
13$9,082,152$3,324,469$413,238$5,344,446
14$9,536,260$3,492,488$433,900$5,609,872
15$10,013,073$3,668,909$455,595$5,888,569
16$10,513,727$3,854,151$478,375$6,181,201
17$11,039,413$4,048,655$502,293$6,488,464
18$11,591,383$4,252,884$527,408$6,811,091
19$12,170,953$4,467,325$553,778$7,149,850
20$12,779,500$4,692,487$581,467$7,505,546
21$13,418,475$4,928,908$610,541$7,879,026
22$14,089,399$5,177,150$641,068$8,271,181
23$14,793,869$5,437,804$673,121$8,682,944
24$15,533,562$5,711,490$706,777$9,115,295
25$16,310,240$5,998,861$742,116$9,569,263
26$17,125,753$6,300,601$779,222$10,045,930
27$17,982,040$6,617,427$818,183$10,546,430
28$18,881,142$6,950,095$859,092$11,071,955
29$19,825,199$7,299,396$902,047$11,623,757
30$20,816,459$7,666,162$947,149$12,203,148
Total$336,000,001$123,242,169$15,288,002$197,469,832

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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.