USA Mega

Colorado Powerball Jackpot Annuity Payout Schedule for Jun 2, 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 $158,800,000 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, Jun 2, 2012
Jackpot:$158,800,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,831,420$1,005,813$124,582$1,701,024
2$2,944,677$1,047,718$129,566$1,767,393
3$3,062,464$1,091,299$134,748$1,836,416
4$3,184,962$1,136,624$140,138$1,908,200
5$3,312,361$1,183,761$145,744$1,982,856
6$3,444,855$1,232,784$151,574$2,060,497
7$3,582,649$1,283,768$157,637$2,141,245
8$3,725,955$1,336,791$163,942$2,225,222
9$3,874,993$1,391,935$170,500$2,312,558
10$4,029,993$1,449,285$177,320$2,403,388
11$4,191,193$1,508,929$184,412$2,497,851
12$4,358,841$1,570,959$191,789$2,596,093
13$4,533,194$1,635,470$199,461$2,698,264
14$4,714,522$1,702,561$207,439$2,804,522
15$4,903,103$1,772,336$215,737$2,915,031
16$5,099,227$1,844,902$224,366$3,029,959
17$5,303,196$1,920,370$233,341$3,149,485
18$5,515,324$1,998,858$242,674$3,273,792
19$5,735,937$2,080,484$252,381$3,403,071
20$5,965,374$2,165,376$262,476$3,537,522
21$6,203,989$2,253,664$272,976$3,677,350
22$6,452,149$2,345,483$283,895$3,822,772
23$6,710,235$2,440,975$295,250$3,974,010
24$6,978,644$2,540,286$307,060$4,131,298
25$7,257,790$2,643,570$319,343$4,294,877
26$7,548,102$2,750,985$332,116$4,465,000
27$7,850,026$2,862,697$345,401$4,641,927
28$8,164,027$2,978,878$359,217$4,825,932
29$8,490,588$3,099,705$373,586$5,017,297
30$8,830,211$3,225,366$388,529$5,216,316
Total$158,800,000$57,501,632$6,987,200$94,311,168

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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.