USA Mega

Colorado Powerball Jackpot Annuity Payout Schedule for Sep 11, 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 $87,000,000 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, Sep 11, 2002
Jackpot:$87,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,551,219$532,139$68,254$950,826
2$1,613,267$555,097$70,984$987,187
3$1,677,798$578,973$73,823$1,025,002
4$1,744,910$603,804$76,776$1,064,330
5$1,814,706$629,629$79,847$1,105,230
6$1,887,295$656,487$83,041$1,147,767
7$1,962,786$684,419$86,363$1,192,005
8$2,041,298$713,468$89,817$1,238,013
9$2,122,950$743,679$93,410$1,285,861
10$2,207,868$775,099$97,146$1,335,623
11$2,296,183$807,775$101,032$1,387,375
12$2,388,030$841,759$105,073$1,441,198
13$2,483,551$877,102$109,276$1,497,173
14$2,582,893$913,858$113,647$1,555,388
15$2,686,209$952,085$118,193$1,615,931
16$2,793,657$991,841$122,921$1,678,895
17$2,905,403$1,033,187$127,838$1,744,379
18$3,021,620$1,076,187$132,951$1,812,481
19$3,142,484$1,120,907$138,269$1,883,308
20$3,268,184$1,167,416$143,800$1,956,968
21$3,398,911$1,215,785$149,552$2,033,574
22$3,534,867$1,266,089$155,534$2,113,245
23$3,676,262$1,318,405$161,756$2,196,102
24$3,823,313$1,372,813$168,226$2,282,273
25$3,976,245$1,429,398$174,955$2,371,892
26$4,135,295$1,488,247$181,953$2,465,095
27$4,300,707$1,549,449$189,231$2,562,026
28$4,472,735$1,613,100$196,800$2,662,835
29$4,651,644$1,679,296$204,672$2,767,676
30$4,837,710$1,748,141$212,859$2,876,710
Total$87,000,000$30,935,634$3,827,999$52,236,368

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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.