USA Mega

Colorado Powerball Jackpot Annuity Payout Schedule for Feb 6, 2023

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The tax information provided here is based on 2022 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 Powerball 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 $747,000,000 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 prize money, as well as deductions claimed.

State:

Colorado

Drawing Date:Mon, Feb 6, 2023
Jackpot:$747,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$11,243,422$4,123,021$494,711$6,625,690
2$11,805,593$4,331,024$519,446$6,955,123
3$12,395,873$4,549,428$545,418$7,301,026
4$13,015,667$4,778,752$572,689$7,664,226
5$13,666,449$5,019,541$601,324$8,045,584
6$14,349,772$5,272,371$631,390$8,446,011
7$15,067,261$5,537,842$662,959$8,866,460
8$15,820,624$5,816,586$696,107$9,307,931
9$16,611,655$6,109,267$730,913$9,771,475
10$17,442,238$6,416,583$767,458$10,258,196
11$18,314,350$6,739,264$805,831$10,769,254
12$19,230,067$7,078,080$846,123$11,305,864
13$20,191,571$7,433,836$888,429$11,869,305
14$21,201,149$7,807,380$932,851$12,460,919
15$22,261,207$8,199,601$979,493$13,082,112
16$23,374,267$8,611,434$1,028,468$13,734,366
17$24,542,980$9,043,858$1,079,891$14,419,231
18$25,770,129$9,497,903$1,133,886$15,138,341
19$27,058,636$9,974,650$1,190,580$15,893,405
20$28,411,568$10,475,235$1,250,109$16,686,224
21$29,832,146$11,000,849$1,312,614$17,518,682
22$31,323,753$11,552,744$1,378,245$18,392,764
23$32,889,941$12,132,233$1,447,157$19,310,550
24$34,534,437$12,740,697$1,519,515$20,274,225
25$36,261,159$13,379,584$1,595,491$21,286,084
26$38,074,218$14,050,416$1,675,266$22,348,537
27$39,977,929$14,754,789$1,759,029$23,464,111
28$41,976,825$15,494,380$1,846,980$24,635,464
29$44,075,666$16,270,951$1,939,329$25,865,385
30$46,279,450$17,086,351$2,036,296$27,156,803
Total$747,000,001$275,278,650$32,867,998$438,853,348

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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.