USA Mega
Home of Mega Millions and Powerball, the USA's biggest multi-state lottery games.
Marketplace

Powerball Annuity Jackpot Analysis for Colorado (Oct. 20, 2018 Drawing)

Media: You may freely use any information on this page, but you must credit www.usamega.com.

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 $476,700,000 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:  Oct. 20, 2018
Jackpot:$476,700,000
Federal Tax:  24%
State Tax:4.00%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$7,175,019$1,722,005$287,001$5,166,014
2$7,533,770$1,808,105$301,351$5,424,314
3$7,910,458$1,898,510$316,418$5,695,530
4$8,305,982$1,993,436$332,239$5,980,307
5$8,721,280$2,093,107$348,851$6,279,322
6$9,157,345$2,197,763$366,294$6,593,288
7$9,615,212$2,307,651$384,608$6,922,953
8$10,095,973$2,423,033$403,839$7,269,100
9$10,600,771$2,544,185$424,031$7,632,555
10$11,130,810$2,671,394$445,232$8,014,183
11$11,687,350$2,804,964$467,494$8,414,892
12$12,271,718$2,945,212$490,869$8,835,637
13$12,885,303$3,092,473$515,412$9,277,419
14$13,529,569$3,247,097$541,183$9,741,290
15$14,206,047$3,409,451$568,242$10,228,354
16$14,916,350$3,579,924$596,654$10,739,772
17$15,662,167$3,758,920$626,487$11,276,760
18$16,445,275$3,946,866$657,811$11,840,598
19$17,267,539$4,144,209$690,702$12,432,628
20$18,130,916$4,351,420$725,237$13,054,260
21$19,037,462$4,568,991$761,498$13,706,972
22$19,989,335$4,797,440$799,573$14,392,321
23$20,988,802$5,037,312$839,552$15,111,937
24$22,038,241$5,289,178$881,530$15,867,534
25$23,140,153$5,553,637$925,606$16,660,911
26$24,297,162$5,831,319$971,886$17,493,956
27$25,512,020$6,122,885$1,020,481$18,368,654
28$26,787,620$6,429,029$1,071,505$19,287,087
29$28,127,001$6,750,480$1,125,080$20,251,441
30$29,533,352$7,088,004$1,181,334$21,264,013
Total$476,700,001$114,408,000$19,068,000$343,224,001
<( Back )Powerball Jackpot Analysis
(Current Drawing)
Top ^



Accuracy Statement  |  Advertise  |  Privacy Policy  |  Site Map  |  DMCA  |  Terms of Use
Copyright © 1999-2019 Speednet Group.  All rights reserved.