USA Mega

Colorado Powerball Jackpot Annuity Payout Schedule for Jun 23, 2021

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The tax information provided here is based on 2021 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 $63,000,000 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:Wed, Jun 23, 2021
Jackpot:$63,000,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$948,240$314,921$43,145$590,174
2$995,652$332,464$45,302$617,887
3$1,045,435$350,883$47,567$646,985
4$1,097,707$370,224$49,946$677,537
5$1,152,592$390,531$52,443$709,618
6$1,210,222$411,854$55,065$743,302
7$1,270,733$434,243$57,818$778,671
8$1,334,270$457,752$60,709$815,808
9$1,400,983$482,436$63,745$854,802
10$1,471,032$508,354$66,932$895,746
11$1,544,584$535,568$70,279$938,737
12$1,621,813$564,143$73,792$983,877
13$1,702,904$594,147$77,482$1,031,275
14$1,788,049$625,650$81,356$1,081,042
15$1,877,451$658,729$85,424$1,133,298
16$1,971,324$693,462$89,695$1,188,166
17$2,069,890$729,932$94,180$1,245,778
18$2,173,384$768,224$98,889$1,306,271
19$2,282,054$808,432$103,833$1,369,788
20$2,396,156$850,650$109,025$1,436,481
21$2,515,964$894,979$114,476$1,506,509
22$2,641,762$941,524$120,200$1,580,038
23$2,773,850$990,397$126,210$1,657,243
24$2,912,543$1,041,713$132,521$1,738,309
25$3,058,170$1,095,595$139,147$1,823,428
26$3,211,079$1,152,171$146,104$1,912,803
27$3,371,633$1,211,576$153,409$2,006,647
28$3,540,214$1,273,951$161,080$2,105,183
29$3,717,225$1,339,445$169,134$2,208,646
30$3,903,086$1,408,214$177,590$2,317,282
Total$63,000,000$22,232,164$2,866,498$37,901,331

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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.