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Powerball Annuity Jackpot Analysis for Colorado

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The Powerball annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $136,000,000 would be for a resident of 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 final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money.  (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

State:

Colorado

Drawing Date:  Sat, Feb 6, 2016
Jackpot:$136,000,000
Federal Tax:  25%
State Tax:4.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,046,995$511,749$81,880$1,453,367
2$2,149,345$537,336$85,974$1,526,035
3$2,256,812$564,203$90,272$1,602,337
4$2,369,653$592,413$94,786$1,682,454
5$2,488,135$622,034$99,525$1,766,576
6$2,612,542$653,136$104,502$1,854,905
7$2,743,169$685,792$109,727$1,947,650
8$2,880,328$720,082$115,213$2,045,033
9$3,024,344$756,086$120,974$2,147,284
10$3,175,561$793,890$127,022$2,254,649
11$3,334,339$833,585$133,374$2,367,381
12$3,501,056$875,264$140,042$2,485,750
13$3,676,109$919,027$147,044$2,610,038
14$3,859,915$964,979$154,397$2,740,539
15$4,052,910$1,013,228$162,116$2,877,566
16$4,255,556$1,063,889$170,222$3,021,445
17$4,468,334$1,117,083$178,733$3,172,517
18$4,691,750$1,172,938$187,670$3,331,143
19$4,926,338$1,231,584$197,054$3,497,700
20$5,172,655$1,293,164$206,906$3,672,585
21$5,431,288$1,357,822$217,252$3,856,214
22$5,702,852$1,425,713$228,114$4,049,025
23$5,987,995$1,496,999$239,520$4,251,476
24$6,287,394$1,571,849$251,496$4,464,050
25$6,601,764$1,650,441$264,071$4,687,252
26$6,931,852$1,732,963$277,274$4,921,615
27$7,278,445$1,819,611$291,138$5,167,696
28$7,642,367$1,910,592$305,695$5,426,081
29$8,024,485$2,006,121$320,979$5,697,385
30$8,425,710$2,106,427$337,028$5,982,254
Total$136,000,000$34,000,000$5,440,000$96,560,000
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