USA Mega

Colorado Powerball Jackpot Annuity Payout Schedule for Mar 5, 2005

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The tax information provided here is based on 2026 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 $19,900,000 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, Mar 5, 2005
Jackpot:$19,900,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$354,819$92,956$15,612$246,251
2$369,012$97,923$16,237$254,852
3$383,772$103,090$16,886$263,797
4$399,123$108,462$17,561$273,099
5$415,088$114,050$18,264$282,774
6$431,692$119,861$18,994$292,836
7$448,959$125,905$19,754$303,300
8$466,918$132,190$20,544$314,183
9$485,594$138,727$21,366$325,501
10$505,018$145,526$22,221$337,272
11$525,219$152,596$23,110$349,513
12$546,228$159,949$24,034$362,245
13$568,077$167,596$24,995$375,485
14$590,800$175,549$25,995$389,255
15$614,432$183,820$27,035$403,576
16$639,009$192,422$28,116$418,470
17$664,569$201,848$29,241$433,480
18$691,152$211,684$30,411$449,058
19$718,798$221,913$31,627$465,258
20$747,550$232,551$32,892$482,107
21$777,452$243,615$34,208$499,630
22$808,550$255,121$35,576$517,853
23$840,892$267,087$36,999$536,806
24$874,528$279,533$38,479$556,516
25$909,509$292,476$40,018$577,015
26$945,889$305,936$41,619$598,334
27$983,725$319,935$43,284$620,506
28$1,023,074$334,495$45,015$643,564
29$1,063,997$349,636$46,816$667,545
30$1,106,557$365,383$48,688$692,485
Total$19,900,000$6,091,835$875,597$12,932,566

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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.