USA Mega

Colorado Powerball Jackpot Annuity Payout Schedule for Oct 27, 2004

Media: You may freely use any information on this page, but you must credit usamega.com.

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 $20,300,000 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:Wed, Oct 27, 2004
Jackpot:$20,300,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$361,951$96,230$15,926$249,795
2$376,429$101,297$16,563$258,569
3$391,486$106,567$17,225$267,693
4$407,146$112,048$17,914$277,183
5$423,431$117,748$18,631$287,052
6$440,369$123,676$19,376$297,316
7$457,983$129,841$20,151$307,991
8$476,303$136,253$20,957$319,092
9$495,355$142,921$21,796$330,638
10$515,169$149,856$22,667$342,645
11$535,776$157,069$23,574$355,133
12$557,207$164,570$24,517$368,120
13$579,495$172,371$25,498$381,627
14$602,675$180,484$26,518$395,674
15$626,782$188,930$27,578$410,274
16$651,853$198,206$28,682$424,966
17$677,927$207,853$29,829$440,245
18$705,045$217,887$31,022$456,136
19$733,246$228,321$32,263$472,662
20$762,576$239,173$33,553$489,849
21$793,079$250,460$34,895$507,724
22$824,802$262,197$36,291$526,314
23$857,795$274,404$37,743$545,647
24$892,106$287,100$39,253$565,754
25$927,791$300,303$40,823$586,665
26$964,902$314,034$42,456$608,412
27$1,003,498$328,315$44,154$631,030
28$1,043,638$343,166$45,920$654,552
29$1,085,384$358,612$47,757$679,015
30$1,128,799$374,676$49,667$704,456
Total$20,300,000$6,264,568$893,199$13,142,229

◄ Back to Jackpot Analysis

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.