USA Mega

Colorado Powerball Jackpot Annuity Payout Schedule for Sep 22, 2001

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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 $42,900,000 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, Sep 22, 2001
Jackpot:$42,900,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$764,911$241,205$33,656$490,050
2$795,508$252,526$35,002$507,980
3$827,328$264,299$36,402$526,626
4$860,421$276,544$37,859$546,019
5$894,838$289,278$39,373$566,187
6$930,631$302,521$40,948$587,162
7$967,857$316,295$42,586$608,976
8$1,006,571$330,619$44,289$631,663
9$1,046,834$345,516$46,061$655,257
10$1,088,707$361,009$47,903$679,795
11$1,132,256$377,122$49,819$705,314
12$1,177,546$393,880$51,812$731,854
13$1,224,648$411,307$53,884$759,456
14$1,273,633$429,432$56,040$788,161
15$1,324,579$448,282$58,281$818,015
16$1,377,562$467,886$60,613$849,064
17$1,432,664$488,274$63,037$881,354
18$1,489,971$509,477$65,559$914,935
19$1,549,570$531,529$68,181$949,860
20$1,611,553$554,462$70,908$986,182
21$1,676,015$578,313$73,745$1,023,957
22$1,743,055$603,118$76,694$1,063,243
23$1,812,778$628,915$79,762$1,104,100
24$1,885,289$655,745$82,953$1,146,591
25$1,960,700$683,647$86,271$1,190,783
26$2,039,128$712,665$89,722$1,236,741
27$2,120,693$742,844$93,311$1,284,539
28$2,205,521$774,231$97,043$1,334,248
29$2,293,742$806,872$100,925$1,385,945
30$2,385,492$840,820$104,962$1,439,710
Total$42,900,000$14,618,633$1,887,601$26,393,767

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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.