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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 2024 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 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$1,768,123$215,236$2,908,358
2$5,136,302$1,858,620$225,997$3,051,685
3$5,393,117$1,953,641$237,297$3,202,179
4$5,662,773$2,053,414$249,162$3,360,197
5$5,945,912$2,158,175$261,620$3,526,117
6$6,243,207$2,268,174$274,701$3,700,332
7$6,555,368$2,383,674$288,436$3,883,258
8$6,883,136$2,504,948$302,858$4,075,330
9$7,227,293$2,632,286$318,001$4,277,006
10$7,588,658$2,765,991$333,901$4,488,766
11$7,968,091$2,906,381$350,596$4,711,113
12$8,366,495$3,053,791$368,126$4,944,578
13$8,784,820$3,208,571$386,532$5,189,717
14$9,224,061$3,371,090$405,859$5,447,112
15$9,685,264$3,541,735$426,152$5,717,377
16$10,169,527$3,720,913$447,459$6,001,155
17$10,678,003$3,909,049$469,832$6,299,122
18$11,211,904$4,106,592$493,324$6,611,988
19$11,772,499$4,314,012$517,990$6,940,497
20$12,361,124$4,531,804$543,889$7,285,431
21$12,979,180$4,760,484$571,084$7,647,612
22$13,628,139$5,000,599$599,638$8,027,902
23$14,309,546$5,252,720$629,620$8,427,206
24$15,025,023$5,517,446$661,101$8,846,476
25$15,776,274$5,795,409$694,156$9,286,709
26$16,565,088$6,087,270$728,864$9,748,954
27$17,393,343$6,393,724$765,307$10,234,311
28$18,263,009$6,715,501$803,572$10,743,936
29$19,176,160$7,053,367$843,751$11,279,042
30$20,134,968$7,408,126$885,939$11,840,904
Total$325,000,001$118,995,630$14,300,000$191,704,370

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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.