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Colorado Mega Millions Jackpot Annuity Payout Schedule for Sep 30, 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 $355,000,000 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, Sep 30, 2022
Jackpot:$355,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,343,259$1,939,961$235,103$3,168,195
2$5,610,422$2,038,811$246,859$3,324,753
3$5,890,943$2,142,604$259,202$3,489,138
4$6,185,491$2,251,587$272,162$3,661,743
5$6,494,765$2,366,018$285,770$3,842,977
6$6,819,503$2,486,171$300,058$4,033,274
7$7,160,479$2,612,332$315,061$4,233,086
8$7,518,503$2,744,801$330,814$4,442,888
9$7,894,428$2,883,893$347,355$4,663,180
10$8,289,149$3,029,940$364,723$4,894,486
11$8,703,607$3,183,289$382,959$5,137,359
12$9,138,787$3,344,306$402,107$5,392,374
13$9,595,726$3,513,374$422,212$5,660,141
14$10,075,513$3,690,895$443,323$5,941,295
15$10,579,288$3,877,292$465,489$6,236,508
16$11,108,253$4,073,009$488,763$6,546,481
17$11,663,665$4,278,511$513,201$6,871,953
18$12,246,849$4,494,289$538,861$7,213,698
19$12,859,191$4,720,856$565,804$7,572,531
20$13,502,151$4,958,751$594,095$7,949,305
21$14,177,258$5,208,540$623,799$8,344,918
22$14,886,121$5,470,820$654,989$8,760,312
23$15,630,427$5,746,213$687,739$9,196,475
24$16,411,948$6,035,376$722,126$9,654,447
25$17,232,546$6,338,997$758,232$10,135,317
26$18,094,173$6,657,799$796,144$10,640,231
27$18,998,882$6,992,541$835,951$11,170,390
28$19,948,826$7,344,020$877,748$11,727,057
29$20,946,267$7,713,074$921,636$12,311,557
30$21,993,581$8,100,580$967,718$12,925,283
Total$355,000,001$130,238,650$15,620,003$209,141,352

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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.