USA Mega

Colorado Powerball Jackpot Annuity Payout Schedule for Jul 17, 2002

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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 $35,000,000 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, Jul 17, 2002
Jackpot:$35,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$624,053$189,088$27,458$407,508
2$649,016$198,324$28,557$422,135
3$674,976$207,929$29,699$437,348
4$701,975$217,919$30,887$453,170
5$730,054$228,308$32,122$469,624
6$759,256$239,113$33,407$486,737
7$789,627$250,350$34,744$504,534
8$821,212$262,036$36,133$523,042
9$854,060$274,190$37,579$542,292
10$888,223$286,830$39,082$562,311
11$923,752$299,976$40,645$583,131
12$960,702$313,647$42,271$604,783
13$999,130$327,866$43,962$627,302
14$1,039,095$342,653$45,720$650,722
15$1,080,659$358,031$47,549$675,078
16$1,123,885$374,025$49,451$700,409
17$1,168,840$390,659$51,429$726,753
18$1,215,594$407,958$53,486$754,150
19$1,264,218$425,948$55,626$782,644
20$1,314,787$444,659$57,851$812,277
21$1,367,378$464,118$60,165$843,096
22$1,422,073$484,355$62,571$875,147
23$1,478,956$505,401$65,074$908,480
24$1,538,114$527,290$67,677$943,147
25$1,599,639$550,054$70,384$979,201
26$1,663,624$573,729$73,199$1,016,696
27$1,730,169$598,350$76,127$1,055,692
28$1,799,376$623,957$79,173$1,096,247
29$1,871,351$650,588$82,339$1,138,424
30$1,946,205$678,284$85,633$1,182,289
Total$35,000,000$11,695,635$1,540,000$21,764,369

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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.