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Colorado Mega Millions Jackpot Annuity Payout Schedule for Mar 7, 2023

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The tax information provided here is based on 2025 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 $188,000,000 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, Mar 7, 2023
Jackpot:$188,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,829,670$1,003,998$124,505$1,701,166
2$2,971,153$1,056,347$130,731$1,784,076
3$3,119,711$1,111,313$137,267$1,871,130
4$3,275,697$1,169,028$144,131$1,962,538
5$3,439,481$1,229,628$151,337$2,058,516
6$3,611,455$1,293,259$158,904$2,159,293
7$3,792,028$1,360,071$166,849$2,265,108
8$3,981,630$1,430,223$175,192$2,376,215
9$4,180,711$1,503,883$183,951$2,492,876
10$4,389,747$1,581,226$193,149$2,615,371
11$4,609,234$1,662,437$202,806$2,743,991
12$4,839,696$1,747,708$212,947$2,879,041
13$5,081,680$1,837,242$223,594$3,020,844
14$5,335,764$1,931,253$234,774$3,169,738
15$5,602,553$2,029,965$246,512$3,326,076
16$5,882,680$2,133,612$258,838$3,490,230
17$6,176,814$2,242,442$271,780$3,662,593
18$6,485,655$2,356,713$285,369$3,843,574
19$6,809,938$2,476,697$299,637$4,033,603
20$7,150,435$2,602,681$314,619$4,233,134
21$7,507,956$2,734,964$330,350$4,442,642
22$7,883,354$2,873,861$346,868$4,662,625
23$8,277,522$3,019,703$364,211$4,893,608
24$8,691,398$3,172,837$382,422$5,136,139
25$9,125,968$3,333,628$401,543$5,390,797
26$9,582,266$3,502,459$421,620$5,658,188
27$10,061,380$3,679,731$442,701$5,938,948
28$10,564,449$3,865,866$464,836$6,233,747
29$11,092,671$4,061,309$488,078$6,543,285
30$11,647,305$4,266,523$512,481$6,868,300
Total$188,000,000$68,270,607$8,272,002$111,457,392

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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.