USA Mega

Colorado Powerball Jackpot Annuity Payout Schedule for Aug 26, 1992

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The tax information provided here is based on 2026 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 $7,500,000 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 money, as well as deductions claimed.

State:

Colorado

Drawing Date:Wed, Aug 26, 1992
Jackpot:$7,500,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$133,726$24,692$5,884$103,150
2$139,075$25,976$6,119$106,980
3$144,638$27,311$6,364$110,963
4$150,423$28,700$6,619$115,105
5$156,440$30,144$6,883$119,413
6$162,698$31,645$7,159$123,894
7$169,206$33,207$7,445$128,553
8$175,974$34,832$7,743$133,399
9$183,013$36,521$8,053$138,439
10$190,333$38,278$8,375$143,681
11$197,947$40,105$8,710$149,132
12$205,865$42,333$9,058$154,474
13$214,099$44,968$9,420$159,711
14$222,663$47,708$9,797$165,158
15$231,570$50,558$10,189$170,822
16$240,833$53,522$10,597$176,713
17$250,466$56,605$11,020$182,840
18$260,484$59,939$11,461$189,084
19$270,904$63,586$11,920$195,398
20$281,740$67,378$12,397$201,965
21$293,010$71,323$12,892$208,795
22$304,730$75,425$13,408$215,897
23$316,919$79,691$13,944$223,284
24$329,596$84,128$14,502$230,966
25$342,780$88,742$15,082$238,955
26$356,491$93,541$15,686$247,264
27$370,751$98,532$16,313$255,906
28$385,581$103,722$16,966$264,893
29$401,004$109,121$17,644$274,239
30$417,044$114,735$18,350$283,959
Total$7,500,000$1,756,968$330,000$5,413,032

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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.