USA Mega

Colorado Powerball Jackpot Annuity Payout Schedule for Sep 28, 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 $37,100,000 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, Sep 28, 2011
Jackpot:$37,100,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$661,497$202,942$29,106$429,449
2$687,957$212,732$30,270$444,955
3$715,475$222,913$31,481$461,080
4$744,094$233,502$32,740$477,851
5$773,858$244,515$34,050$495,293
6$804,812$255,968$35,412$513,432
7$837,004$267,879$36,828$532,297
8$870,485$280,267$38,301$551,916
9$905,304$293,150$39,833$572,320
10$941,516$306,549$41,427$593,541
11$979,177$320,483$43,084$615,610
12$1,018,344$334,975$44,807$638,562
13$1,059,077$350,046$46,599$662,432
14$1,101,441$365,721$48,463$687,256
15$1,145,498$382,022$50,402$713,074
16$1,191,318$398,975$52,418$739,925
17$1,238,971$416,607$54,515$767,849
18$1,288,530$434,944$56,695$796,891
19$1,340,071$454,014$58,963$827,094
20$1,393,674$473,847$61,322$858,505
21$1,449,421$494,473$63,775$891,173
22$1,507,398$515,925$66,325$925,147
23$1,567,693$538,234$68,979$960,481
24$1,630,401$561,436$71,738$997,227
25$1,695,617$585,566$74,607$1,035,444
26$1,763,442$610,661$77,591$1,075,189
27$1,833,980$636,760$80,695$1,116,524
28$1,907,339$663,903$83,923$1,159,513
29$1,983,632$692,132$87,280$1,204,221
30$2,062,978$721,489$90,771$1,250,717
Total$37,100,000$12,472,630$1,632,400$22,994,968

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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.