USA Mega

Colorado Powerball Jackpot Annuity Payout Schedule for Aug 7, 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 $22,100,000 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:Wed, Aug 7, 2002
Jackpot:$22,100,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$394,045$108,291$17,338$268,417
2$409,807$113,807$18,032$277,968
3$426,199$119,544$18,753$287,902
4$443,247$125,511$19,503$298,233
5$460,977$131,717$20,283$308,977
6$479,416$138,170$21,094$320,151
7$498,593$144,882$21,938$331,773
8$518,537$151,863$22,816$343,858
9$539,278$159,122$23,728$356,428
10$560,849$166,672$24,677$369,500
11$583,283$174,524$25,664$383,095
12$606,614$182,690$26,691$397,234
13$630,879$191,613$27,759$411,507
14$656,114$200,950$28,869$426,295
15$682,359$210,660$30,024$441,674
16$709,653$220,759$31,225$457,669
17$738,039$231,262$32,474$474,303
18$767,561$242,185$33,773$491,603
19$798,263$253,545$35,124$509,595
20$830,194$265,359$36,529$528,306
21$863,402$277,646$37,990$547,766
22$897,938$290,425$39,509$568,004
23$933,855$303,714$41,090$589,051
24$971,209$317,535$42,733$610,941
25$1,010,058$331,909$44,443$633,706
26$1,050,460$346,858$46,220$657,382
27$1,092,478$362,405$48,069$682,005
28$1,136,178$378,573$49,992$707,612
29$1,181,625$395,389$51,991$734,244
30$1,228,890$412,877$54,071$761,942
Total$22,100,000$6,950,457$972,402$14,177,141

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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.