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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 $100,000,000 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:  Wed, Jun 1, 2016
Jackpot:$100,000,000
Federal Tax:  25%
State Tax:4.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,505,144$376,286$60,206$1,068,652
2$1,580,401$395,100$63,216$1,122,084
3$1,659,421$414,855$66,377$1,178,189
4$1,742,392$435,598$69,696$1,237,098
5$1,829,511$457,378$73,180$1,298,953
6$1,920,987$480,247$76,839$1,363,901
7$2,017,036$504,259$80,681$1,432,096
8$2,117,888$529,472$84,716$1,503,701
9$2,223,783$555,946$88,951$1,578,886
10$2,334,972$583,743$93,399$1,657,830
11$2,451,720$612,930$98,069$1,740,721
12$2,574,306$643,577$102,972$1,827,757
13$2,703,022$675,755$108,121$1,919,145
14$2,838,173$709,543$113,527$2,015,103
15$2,980,081$745,020$119,203$2,115,858
16$3,129,085$782,271$125,163$2,221,651
17$3,285,540$821,385$131,422$2,332,733
18$3,449,817$862,454$137,993$2,449,370
19$3,622,307$905,577$144,892$2,571,838
20$3,803,423$950,856$152,137$2,700,430
21$3,993,594$998,398$159,744$2,835,452
22$4,193,274$1,048,318$167,731$2,977,224
23$4,402,937$1,100,734$176,117$3,126,085
24$4,623,084$1,155,771$184,923$3,282,390
25$4,854,238$1,213,560$194,170$3,446,509
26$5,096,950$1,274,238$203,878$3,618,835
27$5,351,798$1,337,949$214,072$3,799,776
28$5,619,388$1,404,847$224,776$3,989,765
29$5,900,357$1,475,089$236,014$4,189,253
30$6,195,375$1,548,844$247,815$4,398,716
Total$100,000,000$25,000,000$4,000,000$71,000,000
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