USA Mega

Colorado Powerball Jackpot Annuity Payout Schedule for Jan 5, 2022

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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 $632,600,000 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 prize money, as well as deductions claimed.

State:

Colorado

Drawing Date:Wed, Jan 5, 2022
Jackpot:$632,600,000
Federal Tax:37% marginal rate
State Tax: 4.55%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$9,521,538$3,485,924$433,230$5,602,384
2$9,997,615$3,662,072$454,891$5,880,651
3$10,497,495$3,847,028$477,636$6,172,831
4$11,022,371$4,041,232$501,518$6,479,621
5$11,573,488$4,245,146$526,594$6,801,749
6$12,152,163$4,459,255$552,923$7,139,984
7$12,759,772$4,684,071$580,570$7,495,132
8$13,397,760$4,920,126$609,598$7,868,036
9$14,067,648$5,167,985$640,078$8,259,585
10$14,771,030$5,428,236$672,082$8,670,712
11$15,509,582$5,701,500$705,686$9,102,396
12$16,285,061$5,988,428$740,970$9,555,663
13$17,099,314$6,289,701$778,019$10,031,594
14$17,954,280$6,606,039$816,920$10,531,322
15$18,851,994$6,938,193$857,766$11,056,035
16$19,794,594$7,286,955$900,654$11,606,985
17$20,784,323$7,653,154$945,687$12,185,482
18$21,823,539$8,037,664$992,971$12,792,904
19$22,914,716$8,441,400$1,042,620$13,430,696
20$24,060,452$8,865,322$1,094,751$14,100,379
21$25,263,474$9,310,441$1,149,488$14,803,546
22$26,526,648$9,777,815$1,206,962$15,541,871
23$27,852,981$10,268,558$1,267,311$16,317,112
24$29,245,629$10,783,838$1,330,676$17,131,115
25$30,707,911$11,324,882$1,397,210$17,985,819
26$32,243,307$11,892,979$1,467,070$18,883,258
27$33,855,472$12,489,480$1,540,424$19,825,569
28$35,548,245$13,115,806$1,617,445$20,814,994
29$37,325,658$13,773,448$1,698,317$21,853,892
30$39,191,941$14,463,973$1,783,233$22,944,735
Total$632,600,001$232,950,651$28,783,300$370,866,052

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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.