USA Mega

Colorado Powerball Jackpot Annuity Payout Schedule for Jun 20, 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 $80,000,000 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 20, 2015
Jackpot:$80,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,426,408$485,959$62,762$877,687
2$1,483,464$507,070$65,272$911,122
3$1,542,803$529,025$67,883$945,895
4$1,604,515$551,858$70,599$982,058
5$1,668,696$575,605$73,423$1,019,668
6$1,735,443$600,302$76,360$1,058,782
7$1,804,861$625,986$79,414$1,099,461
8$1,877,056$652,698$82,590$1,141,767
9$1,952,138$680,479$85,894$1,185,765
10$2,030,223$709,370$89,330$1,231,523
11$2,111,432$739,418$92,903$1,279,112
12$2,195,889$770,667$96,619$1,328,603
13$2,283,725$803,166$100,484$1,380,075
14$2,375,074$836,965$104,503$1,433,606
15$2,470,077$872,116$108,683$1,489,277
16$2,568,880$908,673$113,031$1,547,176
17$2,671,635$946,693$117,552$1,607,391
18$2,778,501$986,233$122,254$1,670,014
19$2,889,641$1,027,355$127,144$1,735,142
20$3,005,226$1,070,122$132,230$1,802,875
21$3,125,435$1,114,599$137,519$1,873,317
22$3,250,453$1,160,855$143,020$1,946,578
23$3,380,471$1,208,962$148,741$2,022,768
24$3,515,690$1,258,993$154,690$2,102,006
25$3,656,317$1,311,025$160,878$2,184,414
26$3,802,570$1,365,139$167,313$2,270,118
27$3,954,673$1,421,417$174,006$2,359,251
28$4,112,860$1,479,946$180,966$2,451,948
29$4,277,374$1,540,816$188,204$2,548,354
30$4,448,469$1,604,121$195,733$2,648,615
Total$80,000,000$28,345,633$3,520,000$48,134,368

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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.