USA Mega

Colorado Powerball Jackpot Annuity Payout Schedule for Mar 29, 2008

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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 $37,800,000 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 29, 2008
Jackpot:$37,800,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$673,978$207,560$29,655$436,763
2$700,937$217,534$30,841$452,561
3$728,974$227,908$32,075$468,991
4$758,133$238,697$33,358$486,078
5$788,459$249,917$34,692$503,849
6$819,997$261,587$36,080$522,330
7$852,797$273,723$37,523$541,551
8$886,909$286,344$39,024$561,541
9$922,385$299,470$40,585$582,330
10$959,280$313,122$42,208$603,951
11$997,652$327,319$43,897$626,436
12$1,037,558$342,084$45,653$649,821
13$1,079,060$357,440$47,479$674,141
14$1,122,222$373,410$49,378$699,435
15$1,167,111$390,019$51,353$725,740
16$1,213,796$407,292$53,407$753,097
17$1,262,348$425,256$55,543$781,548
18$1,312,842$443,939$57,765$811,137
19$1,365,355$463,369$60,076$841,910
20$1,419,969$483,576$62,479$873,914
21$1,476,768$504,592$64,978$907,198
22$1,535,839$526,448$67,577$941,814
23$1,597,273$549,179$70,280$977,814
24$1,661,163$572,818$73,091$1,015,254
25$1,727,610$597,403$76,015$1,054,192
26$1,796,714$622,972$79,055$1,094,687
27$1,868,583$649,563$82,218$1,136,802
28$1,943,326$677,218$85,506$1,180,601
29$2,021,059$705,980$88,927$1,226,153
30$2,101,902$735,891$92,484$1,273,527
Total$37,800,000$12,731,630$1,663,202$23,405,166

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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.