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Colorado Mega Millions Jackpot Annuity Payout Schedule for Sep 27, 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 $325,000,000 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:Tue, Sep 27, 2022
Jackpot:$325,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,891,716$1,772,890$215,236$2,903,591
2$5,136,302$1,863,387$225,997$3,046,918
3$5,393,117$1,958,408$237,297$3,197,412
4$5,662,773$2,058,181$249,162$3,355,430
5$5,945,912$2,162,942$261,620$3,521,349
6$6,243,207$2,272,942$274,701$3,695,565
7$6,555,368$2,388,441$288,436$3,878,491
8$6,883,136$2,509,715$302,858$4,070,563
9$7,227,293$2,637,053$318,001$4,272,239
10$7,588,658$2,770,758$333,901$4,483,998
11$7,968,091$2,911,149$350,596$4,706,346
12$8,366,495$3,058,558$368,126$4,939,811
13$8,784,820$3,213,338$386,532$5,184,949
14$9,224,061$3,375,858$405,859$5,442,345
15$9,685,264$3,546,503$426,152$5,712,610
16$10,169,527$3,725,680$447,459$5,996,388
17$10,678,003$3,913,816$469,832$6,294,355
18$11,211,904$4,111,359$493,324$6,607,221
19$11,772,499$4,318,780$517,990$6,935,729
20$12,361,124$4,536,571$543,889$7,280,664
21$12,979,180$4,765,252$571,084$7,642,844
22$13,628,139$5,005,366$599,638$8,023,134
23$14,309,546$5,257,487$629,620$8,422,439
24$15,025,023$5,522,214$661,101$8,841,708
25$15,776,274$5,800,176$694,156$9,281,942
26$16,565,088$6,092,038$728,864$9,744,187
27$17,393,343$6,398,492$765,307$10,229,544
28$18,263,009$6,720,268$803,572$10,739,168
29$19,176,160$7,058,134$843,751$11,274,275
30$20,134,968$7,412,893$885,939$11,836,136
Total$325,000,001$119,138,649$14,300,000$191,561,351

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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.