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Colorado Mega Millions Jackpot Annuity Payout Schedule for Nov 25, 2022

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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 $284,000,000 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 25, 2022
Jackpot:$284,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,274,608$1,544,560$188,083$2,541,965
2$4,488,338$1,623,640$197,487$2,667,211
3$4,712,755$1,706,674$207,361$2,798,719
4$4,948,393$1,793,860$217,729$2,936,803
5$5,195,812$1,885,405$228,616$3,081,791
6$5,455,603$1,981,528$240,047$3,234,028
7$5,728,383$2,082,457$252,049$3,393,877
8$6,014,802$2,188,432$264,651$3,561,719
9$6,315,542$2,299,706$277,884$3,737,953
10$6,631,319$2,416,543$291,778$3,922,998
11$6,962,885$2,539,223$306,367$4,117,296
12$7,311,030$2,668,036$321,685$4,321,308
13$7,676,581$2,803,290$337,770$4,535,522
14$8,060,410$2,945,307$354,658$4,760,445
15$8,463,431$3,094,424$372,391$4,996,615
16$8,886,602$3,250,998$391,010$5,244,594
17$9,330,932$3,415,400$410,561$5,504,971
18$9,797,479$3,588,022$431,089$5,778,368
19$10,287,353$3,769,276$452,644$6,065,434
20$10,801,720$3,959,592$475,276$6,366,853
21$11,341,806$4,159,423$499,039$6,683,344
22$11,908,897$4,369,247$523,991$7,015,658
23$12,504,342$4,589,561$550,191$7,364,589
24$13,129,559$4,820,892$577,701$7,730,966
25$13,786,036$5,063,789$606,586$8,115,662
26$14,475,339$5,318,830$636,915$8,519,593
27$15,199,105$5,586,624$668,761$8,943,721
28$15,959,061$5,867,807$702,199$9,389,054
29$16,757,014$6,163,050$737,309$9,856,655
30$17,594,864$6,473,055$774,174$10,347,636
Total$284,000,001$103,968,651$12,496,002$167,535,348

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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.