USA Mega

Colorado Powerball Jackpot Annuity Payout Schedule for Jan 11, 2012

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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 $54,400,000 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, Jan 11, 2012
Jackpot:$54,400,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$969,957$317,072$42,678$610,207
2$1,008,756$331,427$44,385$632,943
3$1,049,106$346,357$46,161$656,588
4$1,091,070$361,884$48,007$681,179
5$1,134,713$378,032$49,927$706,754
6$1,180,101$394,825$51,924$733,352
7$1,227,306$412,291$54,001$761,013
8$1,276,398$430,455$56,162$789,781
9$1,327,454$449,346$58,408$819,700
10$1,380,552$468,992$60,744$850,816
11$1,435,774$489,424$63,174$883,176
12$1,493,205$510,674$65,701$916,830
13$1,552,933$532,773$68,329$951,831
14$1,615,050$555,756$71,062$988,232
15$1,679,652$579,659$73,905$1,026,089
16$1,746,838$604,518$76,861$1,065,460
17$1,816,712$630,371$79,935$1,106,405
18$1,889,380$657,259$83,133$1,148,989
19$1,964,956$685,221$86,458$1,193,276
20$2,043,554$714,303$89,916$1,239,335
21$2,125,296$744,547$93,513$1,287,236
22$2,210,308$776,002$97,254$1,337,053
23$2,298,720$808,714$101,144$1,388,862
24$2,390,669$842,735$105,189$1,442,744
25$2,486,296$878,117$109,397$1,498,782
26$2,585,748$914,914$113,773$1,557,060
27$2,689,178$953,183$118,324$1,617,670
28$2,796,745$992,983$123,057$1,680,705
29$2,908,614$1,034,375$127,979$1,746,260
30$3,024,959$1,077,423$133,098$1,814,438
Total$54,400,000$18,873,632$2,393,599$33,132,766

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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.