USA Mega

Colorado Powerball Jackpot Annuity Payout Schedule for Jun 25, 1994

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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 $4,500,000 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:Sat, Jun 25, 1994
Jackpot:$4,500,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$80,235$12,364$3,530$64,341
2$83,445$13,070$3,672$66,703
3$86,783$13,804$3,818$69,160
4$90,254$14,568$3,971$71,715
5$93,864$15,362$4,130$74,372
6$97,619$16,188$4,295$77,135
7$101,523$17,047$4,467$80,009
8$105,584$17,941$4,646$82,998
9$109,808$18,952$4,832$86,024
10$114,200$20,006$5,025$89,169
11$118,768$21,102$5,226$92,440
12$123,519$22,243$5,435$95,841
13$128,460$23,428$5,652$99,379
14$133,598$24,661$5,878$103,058
15$138,942$25,944$6,113$106,884
16$144,500$27,278$6,358$110,864
17$150,279$28,665$6,612$115,002
18$156,291$30,108$6,877$119,306
19$162,542$31,608$7,152$123,782
20$169,044$33,169$7,438$128,437
21$175,806$34,791$7,735$133,279
22$182,838$36,479$8,045$138,314
23$190,151$38,234$8,367$143,550
24$197,758$40,060$8,701$148,996
25$205,668$42,270$9,049$154,349
26$213,895$44,902$9,411$159,581
27$222,450$47,640$9,788$165,022
28$231,348$50,487$10,179$170,682
29$240,602$53,449$10,587$176,567
30$250,226$56,528$11,010$182,688
Total$4,500,000$872,348$197,999$3,429,647

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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.