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Colorado Mega Millions Jackpot Annuity Payout Schedule for Jan 12, 2021

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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 $625,000,000 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:Tue, Jan 12, 2021
Jackpot:$625,000,000
Federal Tax:37% marginal rate
State Tax: 4.63%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,407,147$3,444,717$435,551$5,526,879
2$9,877,504$3,618,749$457,328$5,801,427
3$10,371,379$3,801,483$480,195$6,089,702
4$10,889,949$3,993,353$504,205$6,392,391
5$11,434,446$4,194,817$529,415$6,710,214
6$12,006,168$4,406,354$555,886$7,043,928
7$12,606,477$4,628,469$583,680$7,394,328
8$13,236,801$4,861,688$612,864$7,762,248
9$13,898,641$5,106,569$643,507$8,148,564
10$14,593,573$5,363,694$675,682$8,554,196
11$15,323,251$5,633,675$709,467$8,980,110
12$16,089,414$5,917,155$744,940$9,427,319
13$16,893,884$6,214,809$782,187$9,896,888
14$17,738,579$6,527,346$821,296$10,389,936
15$18,625,508$6,855,510$862,361$10,907,636
16$19,556,783$7,200,082$905,479$11,451,222
17$20,534,622$7,561,882$950,753$12,021,987
18$21,561,353$7,941,773$998,291$12,621,290
19$22,639,421$8,340,658$1,048,205$13,250,558
20$23,771,392$8,759,487$1,100,615$13,911,289
21$24,959,961$9,199,258$1,155,646$14,605,057
22$26,207,959$9,661,017$1,213,429$15,333,514
23$27,518,358$10,145,865$1,274,100$16,098,393
24$28,894,275$10,654,954$1,337,805$16,901,516
25$30,338,989$11,189,498$1,404,695$17,744,795
26$31,855,939$11,750,770$1,474,930$18,630,239
27$33,448,736$12,340,104$1,548,676$19,559,955
28$35,121,172$12,958,906$1,626,110$20,536,156
29$36,877,231$13,608,648$1,707,416$21,561,167
30$38,721,093$14,290,876$1,792,787$22,637,429
Total$625,000,001$230,172,166$28,937,501$365,890,333

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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.