USA Mega

Colorado Powerball Jackpot Annuity Payout Schedule for Nov 16, 2011

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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 $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$268,913$36,951$533,934
2$873,390$281,342$38,429$553,619
3$908,325$294,268$39,966$574,091
4$944,658$307,711$41,565$595,382
5$982,444$321,692$43,228$617,525
6$1,021,742$336,232$44,957$640,553
7$1,062,612$351,354$46,755$664,503
8$1,105,116$367,081$48,625$689,410
9$1,149,321$383,437$50,570$715,314
10$1,195,294$400,447$52,593$742,255
11$1,243,106$418,137$54,697$770,272
12$1,292,830$436,535$56,885$799,411
13$1,344,543$455,669$59,160$829,715
14$1,398,325$475,568$61,526$861,231
15$1,454,258$496,263$63,987$894,007
16$1,512,428$517,786$66,547$928,095
17$1,572,925$540,170$69,209$963,546
18$1,635,842$563,449$71,977$1,000,416
19$1,701,276$587,660$74,856$1,038,760
20$1,769,327$612,839$77,850$1,078,638
21$1,840,100$639,025$80,964$1,120,111
22$1,913,704$666,258$84,203$1,163,243
23$1,990,252$694,581$87,571$1,208,100
24$2,069,862$724,037$91,074$1,254,752
25$2,152,657$754,671$94,717$1,303,269
26$2,238,763$786,530$98,506$1,353,727
27$2,328,314$819,664$102,446$1,406,204
28$2,421,446$854,123$106,544$1,460,780
29$2,518,304$889,960$110,805$1,517,538
30$2,619,036$927,231$115,238$1,576,567
Total$47,100,000$16,172,633$2,072,401$28,854,968

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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.