USA Mega

Colorado Powerball Jackpot Annuity Payout Schedule for May 14, 2005

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

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 $112,000,000 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:Sat, May 14, 2005
Jackpot:$112,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,996,971$697,067$87,867$1,212,037
2$2,076,850$726,622$91,381$1,258,846
3$2,159,924$757,360$95,037$1,307,528
4$2,246,321$789,326$98,838$1,358,156
5$2,336,174$822,572$102,792$1,410,810
6$2,429,621$857,147$106,903$1,465,570
7$2,526,806$893,106$111,179$1,522,520
8$2,627,878$930,503$115,627$1,581,749
9$2,732,993$969,395$120,252$1,643,346
10$2,842,313$1,009,843$125,062$1,707,407
11$2,956,005$1,051,910$130,064$1,774,031
12$3,074,245$1,095,658$135,267$1,843,320
13$3,197,215$1,141,157$140,677$1,915,380
14$3,325,104$1,188,476$146,305$1,990,323
15$3,458,108$1,237,688$152,157$2,068,263
16$3,596,432$1,288,868$158,243$2,149,321
17$3,740,289$1,342,095$164,573$2,233,622
18$3,889,901$1,397,451$171,156$2,321,294
19$4,045,497$1,455,022$178,002$2,412,474
20$4,207,317$1,514,895$185,122$2,507,300
21$4,375,610$1,577,163$192,527$2,605,919
22$4,550,634$1,641,922$200,228$2,708,484
23$4,732,659$1,709,272$208,237$2,815,151
24$4,921,966$1,779,315$216,566$2,926,084
25$5,118,844$1,852,160$225,229$3,041,455
26$5,323,598$1,927,919$234,238$3,161,441
27$5,536,542$2,006,708$243,608$3,286,226
28$5,758,004$2,088,649$253,352$3,416,002
29$5,988,324$2,173,868$263,486$3,550,970
30$6,227,857$2,262,495$274,026$3,691,336
Total$112,000,000$40,185,632$4,928,001$66,886,365

◄ 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.