USA Mega

Colorado Powerball Jackpot Annuity Payout Schedule for Jun 6, 2012

Media: You may freely use any information on this page, but you must credit usamega.com.

The tax information provided here is based on 2022 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 $179,700,000 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, Jun 6, 2012
Jackpot:$179,700,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,204,069$1,148,460$140,979$1,914,629
2$3,332,232$1,195,881$146,618$1,989,733
3$3,465,521$1,245,198$152,483$2,067,840
4$3,604,142$1,296,487$158,582$2,149,072
5$3,748,307$1,349,829$164,926$2,233,553
6$3,898,240$1,405,304$171,523$2,321,413
7$4,054,169$1,462,998$178,383$2,412,788
8$4,216,336$1,522,999$185,519$2,507,818
9$4,384,989$1,585,401$192,940$2,606,649
10$4,560,389$1,650,299$200,657$2,709,433
11$4,742,805$1,717,793$208,683$2,816,328
12$4,932,517$1,787,986$217,031$2,927,500
13$5,129,817$1,860,987$225,712$3,043,118
14$5,335,010$1,936,909$234,740$3,163,361
15$5,548,411$2,015,867$244,130$3,288,414
16$5,770,347$2,097,983$253,895$3,418,468
17$6,001,161$2,183,384$264,051$3,553,725
18$6,241,207$2,272,202$274,613$3,694,392
19$6,490,856$2,364,572$285,598$3,840,686
20$6,750,490$2,460,636$297,022$3,992,832
21$7,020,509$2,560,543$308,902$4,151,063
22$7,301,330$2,664,447$321,259$4,315,624
23$7,593,383$2,772,507$334,109$4,486,767
24$7,897,118$2,884,889$347,473$4,664,756
25$8,213,003$3,001,766$361,372$4,849,865
26$8,541,523$3,123,319$375,827$5,042,378
27$8,883,184$3,249,733$390,860$5,242,591
28$9,238,511$3,381,204$406,494$5,450,813
29$9,608,052$3,517,934$422,754$5,667,363
30$9,992,374$3,660,133$439,664$5,892,576
Total$179,700,000$65,377,650$7,906,799$106,415,548

◄ Back to Jackpot Analysis

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.