USA Mega

Colorado Mega Millions Jackpot Annuity Payout Schedule for Jul 29, 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 $1,337,000,000 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, Jul 29, 2022
Jackpot:$1,337,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$20,123,769$7,408,749$885,446$11,829,573
2$21,129,957$7,781,039$929,718$12,419,200
3$22,186,455$8,171,943$976,204$13,038,307
4$23,295,778$8,582,393$1,025,014$13,688,371
5$24,460,566$9,013,364$1,076,265$14,370,937
6$25,683,595$9,465,885$1,130,078$15,087,632
7$26,967,775$9,941,032$1,186,582$15,840,161
8$28,316,164$10,439,936$1,245,911$16,630,317
9$29,731,972$10,963,785$1,308,207$17,459,981
10$31,218,570$11,513,826$1,373,617$18,331,127
11$32,779,499$12,091,370$1,442,298$19,245,831
12$34,418,474$12,697,790$1,514,413$20,206,271
13$36,139,397$13,334,532$1,590,133$21,214,732
14$37,946,368$14,003,111$1,669,640$22,273,616
15$39,843,686$14,705,119$1,753,122$23,385,445
16$41,835,870$15,442,227$1,840,778$24,552,865
17$43,927,663$16,216,190$1,932,817$25,778,656
18$46,124,047$17,028,852$2,029,458$27,065,736
19$48,430,249$17,882,147$2,130,931$28,417,171
20$50,851,761$18,778,107$2,237,478$29,836,177
21$53,394,349$19,718,864$2,349,351$31,326,134
22$56,064,067$20,706,660$2,466,819$32,890,588
23$58,867,270$21,743,845$2,590,160$34,533,265
24$61,810,633$22,832,889$2,719,668$36,258,076
25$64,901,165$23,976,386$2,855,651$38,069,128
26$68,146,224$25,177,058$2,998,434$39,970,732
27$71,553,535$26,437,763$3,148,356$41,967,417
28$75,131,211$27,761,503$3,305,773$44,063,935
29$78,887,772$29,151,431$3,471,062$46,265,279
30$82,832,161$30,610,855$3,644,615$48,576,691
Total$1,337,000,003$493,578,651$58,827,999$784,593,351

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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.