USA Mega

Colorado Powerball Jackpot Annuity Payout Schedule for Sep 7, 2002

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The tax information provided here is based on 2025 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 $77,300,000 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 7, 2002
Jackpot:$77,300,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,378,267$466,979$60,644$850,644
2$1,433,397$487,377$63,069$882,951
3$1,490,733$508,592$65,592$916,549
4$1,550,363$530,654$68,216$951,492
5$1,612,377$553,600$70,945$987,833
6$1,676,872$577,463$73,782$1,025,627
7$1,743,947$602,281$76,734$1,064,933
8$1,813,705$628,091$79,803$1,105,811
9$1,886,253$654,934$82,995$1,148,324
10$1,961,703$682,850$86,315$1,192,538
11$2,040,171$711,884$89,768$1,238,520
12$2,121,778$742,078$93,358$1,286,342
13$2,206,649$773,481$97,093$1,336,076
14$2,294,915$806,139$100,976$1,387,800
15$2,386,712$840,104$105,015$1,441,593
16$2,482,180$875,427$109,216$1,497,537
17$2,581,468$912,163$113,585$1,555,720
18$2,684,726$950,369$118,128$1,616,229
19$2,792,115$990,103$122,853$1,679,159
20$2,903,800$1,031,426$127,767$1,744,607
21$3,019,952$1,074,402$132,878$1,812,672
22$3,140,750$1,119,098$138,193$1,883,459
23$3,266,380$1,165,581$143,721$1,957,078
24$3,397,035$1,213,923$149,470$2,033,642
25$3,532,917$1,264,199$155,448$2,113,269
26$3,674,233$1,316,487$161,666$2,196,080
27$3,821,203$1,370,865$168,133$2,282,205
28$3,974,051$1,427,419$174,858$2,371,774
29$4,133,013$1,486,235$181,853$2,464,925
30$4,298,333$1,547,404$189,127$2,561,803
Total$77,300,000$27,311,608$3,401,201$46,587,192

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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.