USA Mega

Colorado Powerball Jackpot Annuity Payout Schedule for Nov 16, 2011

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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 $47,100,000 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, Nov 16, 2011
Jackpot:$47,100,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$839,798$267,745$36,951$535,101
2$873,390$280,174$38,429$554,786
3$908,325$293,101$39,966$575,258
4$944,658$306,544$41,565$596,549
5$982,444$320,525$43,228$618,692
6$1,021,742$335,065$44,957$641,721
7$1,062,612$350,187$46,755$665,670
8$1,105,116$365,913$48,625$690,578
9$1,149,321$382,269$50,570$716,482
10$1,195,294$399,279$52,593$743,422
11$1,243,106$416,969$54,697$771,440
12$1,292,830$435,367$56,885$800,578
13$1,344,543$454,501$59,160$830,882
14$1,398,325$474,400$61,526$862,398
15$1,454,258$495,096$63,987$895,175
16$1,512,428$516,619$66,547$929,263
17$1,572,925$539,003$69,209$964,714
18$1,635,842$562,282$71,977$1,001,583
19$1,701,276$586,492$74,856$1,039,927
20$1,769,327$611,671$77,850$1,079,805
21$1,840,100$637,857$80,964$1,121,278
22$1,913,704$665,091$84,203$1,164,410
23$1,990,252$693,414$87,571$1,209,268
24$2,069,862$722,869$91,074$1,255,919
25$2,152,657$753,503$94,717$1,304,437
26$2,238,763$785,363$98,506$1,354,895
27$2,328,314$818,496$102,446$1,407,372
28$2,421,446$852,955$106,544$1,461,947
29$2,518,304$888,793$110,805$1,518,706
30$2,619,036$926,064$115,238$1,577,735
Total$47,100,000$16,137,607$2,072,401$28,889,991

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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.