USA Mega

Colorado Powerball Jackpot Annuity Payout Schedule for Jun 27, 2022

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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 $346,000,000 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, Jun 27, 2022
Jackpot:$346,000,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,207,797$1,889,840$236,955$3,081,002
2$5,468,186$1,986,184$248,802$3,233,200
3$5,741,596$2,087,345$261,243$3,393,008
4$6,028,676$2,193,565$274,305$3,560,806
5$6,330,109$2,305,095$288,020$3,736,994
6$6,646,615$2,422,202$302,421$3,921,991
7$6,978,946$2,545,165$317,542$4,116,239
8$7,327,893$2,674,275$333,419$4,320,198
9$7,694,287$2,809,841$350,090$4,534,356
10$8,079,002$2,952,186$367,595$4,759,222
11$8,482,952$3,101,647$385,974$4,995,330
12$8,907,099$3,258,582$405,273$5,243,245
13$9,352,454$3,423,363$425,537$5,503,555
14$9,820,077$3,596,384$446,814$5,776,880
15$10,311,081$3,778,055$469,154$6,063,872
16$10,826,635$3,968,810$492,612$6,365,213
17$11,367,967$4,169,103$517,242$6,681,622
18$11,936,365$4,379,410$543,105$7,013,850
19$12,533,183$4,600,233$570,260$7,362,691
20$13,159,843$4,832,097$598,773$7,728,973
21$13,817,835$5,075,554$628,711$8,113,569
22$14,508,726$5,331,184$660,147$8,517,396
23$15,234,163$5,599,595$693,154$8,941,413
24$15,995,871$5,881,427$727,812$9,386,631
25$16,795,664$6,177,351$764,203$9,854,111
26$17,635,448$6,488,071$802,413$10,344,964
27$18,517,220$6,814,326$842,534$10,860,360
28$19,443,081$7,156,895$884,660$11,401,526
29$20,415,235$7,516,592$928,893$11,969,750
30$21,435,997$7,894,274$975,338$12,566,385
Total$346,000,001$126,908,651$15,743,001$203,348,352

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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.