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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 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 $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$4,585,251$549,678$7,357,762
2$13,117,326$4,816,366$577,162$7,723,798
3$13,773,192$5,059,036$606,020$8,108,135
4$14,461,852$5,313,840$636,321$8,511,690
5$15,184,944$5,581,384$668,138$8,935,422
6$15,944,191$5,862,306$701,544$9,380,341
7$16,741,401$6,157,273$736,622$9,847,506
8$17,578,471$6,466,989$773,453$10,338,029
9$18,457,395$6,792,191$812,125$10,853,078
10$19,380,264$7,133,653$852,732$11,393,880
11$20,349,278$7,492,188$895,368$11,961,722
12$21,366,741$7,868,649$940,137$12,557,955
13$22,435,078$8,263,934$987,143$13,184,001
14$23,556,833$8,678,983$1,036,501$13,841,349
15$24,734,674$9,114,784$1,088,326$14,531,564
16$25,971,408$9,572,376$1,142,742$15,256,290
17$27,269,978$10,052,847$1,199,879$16,017,252
18$28,633,477$10,557,341$1,259,873$16,816,262
19$30,065,151$11,087,061$1,322,867$17,655,223
20$31,568,408$11,643,266$1,389,010$18,536,132
21$33,146,829$12,227,282$1,458,460$19,461,087
22$34,804,170$12,840,498$1,531,383$20,432,289
23$36,544,379$13,484,375$1,607,953$21,452,051
24$38,371,597$14,160,446$1,688,350$22,522,801
25$40,290,177$14,870,321$1,772,768$23,647,089
26$42,304,687$15,615,689$1,861,406$24,827,591
27$44,419,921$16,398,326$1,954,477$26,067,119
28$46,640,916$17,220,094$2,052,200$27,368,622
29$48,972,962$18,082,951$2,154,810$28,735,201
30$51,421,611$18,988,951$2,262,551$30,170,109
Total$830,000,002$305,988,651$36,519,999$487,491,350

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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.