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Colorado Mega Millions Jackpot Annuity Payout Schedule for Nov 1, 2024

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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 $281,000,000 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:Fri, Nov 1, 2024
Jackpot:$281,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,229,453$1,523,085$186,096$2,520,272
2$4,440,926$1,601,330$195,401$2,644,195
3$4,662,972$1,683,487$205,171$2,774,314
4$4,896,121$1,769,753$215,429$2,910,939
5$5,140,927$1,860,331$226,201$3,054,395
6$5,397,973$1,955,438$237,511$3,205,025
7$5,667,872$2,055,300$249,386$3,363,185
8$5,951,266$2,160,156$261,856$3,529,254
9$6,248,829$2,270,254$274,948$3,703,626
10$6,561,270$2,385,858$288,696$3,886,717
11$6,889,334$2,507,241$303,131$4,078,962
12$7,233,800$2,634,694$318,287$4,280,819
13$7,595,490$2,768,519$334,202$4,492,770
14$7,975,265$2,909,036$350,912$4,715,318
15$8,374,028$3,056,578$368,457$4,948,993
16$8,792,730$3,211,498$386,880$5,194,352
17$9,232,366$3,374,163$406,224$5,451,979
18$9,693,984$3,544,962$426,535$5,722,487
19$10,178,684$3,724,301$447,862$6,006,521
20$10,687,618$3,912,606$470,255$6,304,756
21$11,221,999$4,110,327$493,768$6,617,903
22$11,783,099$4,317,934$518,456$6,946,708
23$12,372,254$4,535,922$544,379$7,291,953
24$12,990,866$4,764,808$571,598$7,654,460
25$13,640,409$5,005,139$600,178$8,035,092
26$14,322,430$5,257,487$630,187$8,434,756
27$15,038,552$5,522,452$661,696$8,854,403
28$15,790,479$5,800,665$694,781$9,295,033
29$16,580,003$6,092,789$729,520$9,757,694
30$17,409,003$6,399,519$765,996$10,243,488
Total$281,000,001$102,715,632$12,363,999$165,920,369

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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.