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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 $153,000,000 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, Jan 21, 2017
Jackpot:$153,000,000
Federal Tax:  25%
State Tax:4.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,302,870$575,717$92,115$1,635,037
2$2,418,013$604,503$96,721$1,716,789
3$2,538,914$634,728$101,557$1,802,629
4$2,665,859$666,465$106,634$1,892,760
5$2,799,152$699,788$111,966$1,987,398
6$2,939,110$734,777$117,564$2,086,768
7$3,086,066$771,516$123,443$2,191,107
8$3,240,369$810,092$129,615$2,300,662
9$3,402,387$850,597$136,095$2,415,695
10$3,572,507$893,127$142,900$2,536,480
11$3,751,132$937,783$150,045$2,663,304
12$3,938,688$984,672$157,548$2,796,469
13$4,135,623$1,033,906$165,425$2,936,292
14$4,342,404$1,085,601$173,696$3,083,107
15$4,559,524$1,139,881$182,381$3,237,262
16$4,787,501$1,196,875$191,500$3,399,125
17$5,026,875$1,256,719$201,075$3,569,082
18$5,278,219$1,319,555$211,129$3,747,536
19$5,542,130$1,385,533$221,685$3,934,912
20$5,819,237$1,454,809$232,769$4,131,658
21$6,110,199$1,527,550$244,408$4,338,241
22$6,415,708$1,603,927$256,628$4,555,153
23$6,736,494$1,684,123$269,460$4,782,911
24$7,073,319$1,768,330$282,933$5,022,056
25$7,426,984$1,856,746$297,079$5,273,159
26$7,798,334$1,949,583$311,933$5,536,817
27$8,188,250$2,047,063$327,530$5,813,658
28$8,597,663$2,149,416$343,907$6,104,341
29$9,027,546$2,256,887$361,102$6,409,558
30$9,478,923$2,369,731$379,157$6,730,036
Total$153,000,000$38,250,000$6,120,000$108,630,000
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