USA Mega

Colorado Powerball Jackpot Annuity Payout Schedule for May 13, 2000

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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 $35,100,000 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, May 13, 2000
Jackpot:$35,100,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$625,836$189,747$27,537$408,552
2$650,870$199,010$28,638$423,222
3$676,905$208,643$29,784$438,478
4$703,981$218,661$30,975$454,345
5$732,140$229,080$32,214$470,846
6$761,426$239,915$33,503$488,008
7$791,883$251,184$34,843$505,856
8$823,558$262,904$36,237$524,417
9$856,500$275,093$37,686$543,722
10$890,760$287,769$39,193$563,798
11$926,391$300,952$40,761$584,677
12$963,447$314,663$42,392$606,392
13$1,001,984$328,922$44,087$628,975
14$1,042,064$343,751$45,851$652,462
15$1,083,746$359,174$47,685$676,888
16$1,127,096$375,213$49,592$702,291
17$1,172,180$391,894$51,576$728,710
18$1,219,067$409,243$53,639$756,186
19$1,267,830$427,285$55,785$784,761
20$1,318,543$446,049$58,016$814,478
21$1,371,285$465,563$60,337$845,385
22$1,426,136$485,858$62,750$877,528
23$1,483,182$506,965$65,260$910,957
24$1,542,509$528,916$67,870$945,722
25$1,604,209$551,745$70,585$981,879
26$1,668,378$575,487$73,409$1,019,482
27$1,735,113$600,179$76,345$1,058,588
28$1,804,517$625,859$79,399$1,099,259
29$1,876,698$652,566$82,575$1,141,557
30$1,951,766$680,341$85,878$1,185,547
Total$35,100,000$11,732,631$1,544,402$21,822,968

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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.