USA Mega

Colorado Powerball Jackpot Annuity Payout Schedule for Jan 24, 2015

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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 $235,200,000 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, Jan 24, 2015
Jackpot:$235,200,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,193,639$1,509,834$184,520$2,499,285
2$4,361,385$1,571,900$191,901$2,597,584
3$4,535,840$1,636,449$199,577$2,699,815
4$4,717,274$1,703,579$207,560$2,806,135
5$4,905,965$1,773,395$215,862$2,916,708
6$5,102,203$1,846,003$224,497$3,031,703
7$5,306,292$1,921,516$233,477$3,151,299
8$5,518,543$2,000,049$242,816$3,275,679
9$5,739,285$2,081,723$252,529$3,405,033
10$5,968,856$2,166,665$262,630$3,539,562
11$6,207,611$2,255,004$273,135$3,679,472
12$6,455,915$2,346,876$284,060$3,824,978
13$6,714,152$2,442,424$295,423$3,976,305
14$6,982,718$2,541,793$307,240$4,133,685
15$7,262,026$2,645,138$319,529$4,297,360
16$7,552,507$2,752,616$332,310$4,467,582
17$7,854,608$2,864,393$345,603$4,644,612
18$8,168,792$2,980,641$359,427$4,828,724
19$8,495,544$3,101,539$373,804$5,020,201
20$8,835,366$3,227,273$388,756$5,219,336
21$9,188,780$3,358,036$404,306$5,426,437
22$9,556,331$3,494,030$420,479$5,641,822
23$9,938,585$3,635,464$437,298$5,865,823
24$10,336,128$3,782,555$454,790$6,098,783
25$10,749,573$3,935,530$472,981$6,341,062
26$11,179,556$4,094,623$491,900$6,593,032
27$11,626,738$4,260,081$511,576$6,855,081
28$12,091,808$4,432,157$532,040$7,127,612
29$12,575,480$4,611,115$553,321$7,411,044
30$13,078,499$4,797,233$575,454$7,705,813
Total$235,200,000$85,769,634$10,348,801$139,081,567

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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.