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Colorado Mega Millions Jackpot Annuity Payout Schedule for Dec 2, 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 $333,000,000 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:Fri, Dec 2, 2022
Jackpot:$333,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,012,128$1,817,442$220,534$2,974,152
2$5,262,734$1,910,167$231,560$3,121,007
3$5,525,871$2,007,527$243,138$3,275,205
4$5,802,165$2,109,756$255,295$3,437,114
5$6,092,273$2,217,096$268,060$3,607,117
6$6,396,886$2,329,803$281,463$3,785,620
7$6,716,731$2,448,145$295,536$3,973,049
8$7,052,567$2,572,405$310,313$4,169,849
9$7,405,196$2,702,877$325,829$4,376,490
10$7,775,455$2,839,874$342,120$4,593,462
11$8,164,228$2,983,719$359,226$4,821,283
12$8,572,440$3,134,758$377,187$5,060,495
13$9,001,062$3,293,348$396,047$5,311,667
14$9,451,115$3,459,867$415,849$5,575,398
15$9,923,670$3,634,713$436,641$5,852,316
16$10,419,854$3,818,301$458,474$6,143,079
17$10,940,847$4,011,068$481,397$6,448,381
18$11,487,889$4,213,474$505,467$6,768,948
19$12,062,283$4,426,000$530,740$7,105,543
20$12,665,398$4,649,152$557,277$7,458,968
21$13,298,667$4,883,462$585,141$7,830,064
22$13,963,601$5,129,487$614,398$8,219,715
23$14,661,781$5,387,814$645,118$8,628,849
24$15,394,870$5,659,057$677,374$9,058,439
25$16,164,613$5,943,862$711,243$9,509,508
26$16,972,844$6,242,907$746,805$9,983,132
27$17,821,486$6,556,905$784,145$10,480,436
28$18,712,560$6,886,602$823,353$11,002,605
29$19,648,188$7,232,785$864,520$11,550,883
30$20,630,598$7,596,276$907,746$12,126,575
Total$333,000,001$122,098,649$14,651,996$196,249,349

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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.