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Colorado Mega Millions Jackpot Annuity Payout Schedule for Nov 15, 2024

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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 $387,000,000 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 15, 2024
Jackpot:$387,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,824,905$2,112,235$256,296$3,456,374
2$6,116,151$2,219,996$269,111$3,627,044
3$6,421,958$2,333,145$282,566$3,806,247
4$6,743,056$2,451,951$296,694$3,994,411
5$7,080,209$2,576,697$311,529$4,191,982
6$7,434,219$2,707,681$327,106$4,399,432
7$7,805,930$2,845,215$343,461$4,617,255
8$8,196,227$2,989,624$360,634$4,845,969
9$8,606,038$3,141,254$378,666$5,086,118
10$9,036,340$3,300,466$397,599$5,338,275
11$9,488,157$3,467,638$417,479$5,603,040
12$9,962,565$3,643,169$438,353$5,881,043
13$10,460,693$3,827,477$460,271$6,172,946
14$10,983,728$4,021,000$483,284$6,479,444
15$11,532,914$4,224,199$507,448$6,801,267
16$12,109,560$4,437,557$532,821$7,139,182
17$12,715,038$4,661,584$559,462$7,493,992
18$13,350,790$4,896,812$587,435$7,866,543
19$14,018,329$5,143,802$616,806$8,257,721
20$14,719,246$5,403,141$647,647$8,668,458
21$15,455,208$5,675,447$680,029$9,099,732
22$16,227,968$5,961,369$714,031$9,552,569
23$17,039,367$6,261,586$749,732$10,028,049
24$17,891,335$6,576,814$787,219$10,527,302
25$18,785,902$6,907,804$826,580$11,051,518
26$19,725,197$7,255,343$867,909$11,601,945
27$20,711,457$7,620,259$911,304$12,179,894
28$21,747,030$8,003,421$956,869$12,786,739
29$22,834,381$8,405,741$1,004,713$13,423,927
30$23,976,100$8,828,177$1,054,948$14,092,975
Total$387,000,001$141,900,604$17,028,002$228,071,393

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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.