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Colorado Mega Millions Jackpot Annuity Payout Schedule for Jul 26, 2022

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The tax information provided here is based on 2025 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 $830,000,000 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:Tue, Jul 26, 2022
Jackpot:$830,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$12,492,691$4,579,316$549,678$7,363,697
2$13,117,326$4,810,431$577,162$7,729,733
3$13,773,192$5,053,101$606,020$8,114,070
4$14,461,852$5,307,905$636,321$8,517,625
5$15,184,944$5,575,449$668,138$8,941,357
6$15,944,191$5,856,371$701,544$9,386,276
7$16,741,401$6,151,339$736,622$9,853,441
8$17,578,471$6,461,055$773,453$10,343,964
9$18,457,395$6,786,256$812,125$10,859,013
10$19,380,264$7,127,718$852,732$11,399,815
11$20,349,278$7,486,253$895,368$11,967,656
12$21,366,741$7,862,715$940,137$12,563,890
13$22,435,078$8,257,999$987,143$13,189,936
14$23,556,833$8,673,048$1,036,501$13,847,284
15$24,734,674$9,108,850$1,088,326$14,537,499
16$25,971,408$9,566,441$1,142,742$15,262,225
17$27,269,978$10,046,912$1,199,879$16,023,187
18$28,633,477$10,551,407$1,259,873$16,822,197
19$30,065,151$11,081,126$1,322,867$17,661,158
20$31,568,408$11,637,331$1,389,010$18,542,067
21$33,146,829$12,221,347$1,458,460$19,467,021
22$34,804,170$12,834,563$1,531,383$20,438,223
23$36,544,379$13,478,440$1,607,953$21,457,986
24$38,371,597$14,154,511$1,688,350$22,528,736
25$40,290,177$14,864,386$1,772,768$23,653,024
26$42,304,687$15,609,754$1,861,406$24,833,526
27$44,419,921$16,392,391$1,954,477$26,073,053
28$46,640,916$17,214,159$2,052,200$27,374,557
29$48,972,962$18,077,016$2,154,810$28,741,136
30$51,421,611$18,983,016$2,262,551$30,176,044
Total$830,000,002$305,810,606$36,519,999$487,669,396

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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.