USA Mega

Colorado Powerball Jackpot Annuity Payout Schedule for Dec 21, 1996

Media: You may freely use any information on this page, but you must credit usamega.com.

The tax information provided here is based on 2024 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 $41,600,000 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, Dec 21, 1996
Jackpot:$41,600,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$741,732$232,629$32,636$476,467
2$771,401$243,606$33,942$493,853
3$802,257$255,023$35,299$511,935
4$834,348$266,896$36,711$530,740
5$867,722$279,245$38,180$550,297
6$902,431$292,087$39,707$570,637
7$938,528$305,443$41,295$591,790
8$976,069$319,333$42,947$613,789
9$1,015,112$333,779$44,665$636,668
10$1,055,716$348,803$46,452$660,462
11$1,097,945$364,427$48,310$685,208
12$1,141,863$380,677$50,242$710,944
13$1,187,537$397,576$52,252$737,709
14$1,235,039$415,152$54,342$765,545
15$1,284,440$433,431$56,515$794,494
16$1,335,818$452,440$58,776$824,601
17$1,389,250$472,210$61,127$855,913
18$1,444,820$492,771$63,572$888,477
19$1,502,613$514,155$66,115$922,344
20$1,562,718$536,393$68,760$957,565
21$1,625,226$559,522$71,510$994,195
22$1,690,235$583,575$74,370$1,032,290
23$1,757,845$608,590$77,345$1,071,909
24$1,828,159$634,606$80,439$1,113,113
25$1,901,285$661,663$83,657$1,155,965
26$1,977,336$689,802$87,003$1,200,531
27$2,056,430$719,067$90,483$1,246,880
28$2,138,687$749,502$94,102$1,295,083
29$2,224,235$781,155$97,866$1,345,214
30$2,313,204$814,073$101,781$1,397,350
Total$41,600,000$14,137,631$1,830,401$25,631,968

◄ Back to Jackpot Analysis

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.