USA Mega

Colorado Mega Millions Jackpot Annuity Payout Schedule for Jan 23, 2024

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $262,000,000 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, Jan 23, 2024
Jackpot:$262,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,943,476$1,416,106$173,513$2,353,857
2$4,140,650$1,489,061$182,189$2,469,401
3$4,347,682$1,565,663$191,298$2,590,722
4$4,565,067$1,646,095$200,863$2,718,109
5$4,793,320$1,730,549$210,906$2,851,865
6$5,032,986$1,819,225$221,451$2,992,309
7$5,284,635$1,912,335$232,524$3,139,776
8$5,548,867$2,010,101$244,150$3,294,616
9$5,826,310$2,112,755$256,358$3,457,197
10$6,117,626$2,220,542$269,176$3,627,908
11$6,423,507$2,333,718$282,634$3,807,155
12$6,744,682$2,452,553$296,766$3,995,364
13$7,081,916$2,577,329$311,604$4,192,983
14$7,436,012$2,708,345$327,185$4,400,483
15$7,807,813$2,845,911$343,544$4,618,358
16$8,198,203$2,990,356$360,721$4,847,127
17$8,608,113$3,142,022$378,757$5,087,334
18$9,038,519$3,301,272$397,695$5,339,552
19$9,490,445$3,468,485$417,580$5,604,381
20$9,964,967$3,644,058$438,459$5,882,451
21$10,463,216$3,828,410$460,381$6,174,424
22$10,986,377$4,021,980$483,401$6,480,996
23$11,535,695$4,225,228$507,571$6,802,897
24$12,112,480$4,438,638$532,949$7,140,893
25$12,718,104$4,662,719$559,597$7,495,789
26$13,354,010$4,898,004$587,576$7,868,429
27$14,021,710$5,145,053$616,955$8,259,702
28$14,722,795$5,404,454$647,803$8,670,538
29$15,458,935$5,676,826$680,193$9,101,916
30$16,231,882$5,962,817$714,203$9,554,863
Total$262,000,001$95,650,610$11,528,002$154,821,395

◄ Back to Jackpot Analysis

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.