USA Mega

Colorado Powerball Jackpot Annuity Payout Schedule for Nov 19, 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 $92,900,000 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:Sat, Nov 19, 2022
Jackpot:$92,900,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,398,278$480,318$61,524$856,436
2$1,468,192$506,186$64,600$897,406
3$1,541,602$533,348$67,830$940,424
4$1,618,682$561,867$71,222$985,593
5$1,699,616$591,813$74,783$1,033,020
6$1,784,597$623,256$78,522$1,082,819
7$1,873,827$656,271$82,448$1,135,107
8$1,967,518$690,937$86,571$1,190,011
9$2,065,894$727,336$90,899$1,247,659
10$2,169,189$765,555$95,444$1,308,190
11$2,277,648$805,685$100,217$1,371,747
12$2,391,530$847,821$105,227$1,438,482
13$2,511,107$892,065$110,489$1,508,554
14$2,636,662$938,520$116,013$1,582,129
15$2,768,495$987,298$121,814$1,659,383
16$2,906,920$1,038,515$127,904$1,740,500
17$3,052,266$1,092,293$134,300$1,825,673
18$3,204,880$1,148,760$141,015$1,915,104
19$3,365,123$1,208,051$148,065$2,009,007
20$3,533,380$1,270,305$155,469$2,107,605
21$3,710,049$1,335,673$163,242$2,211,134
22$3,895,551$1,404,309$171,404$2,319,838
23$4,090,329$1,476,377$179,974$2,433,978
24$4,294,845$1,552,048$188,973$2,553,824
25$4,509,587$1,631,502$198,422$2,679,663
26$4,735,067$1,714,930$208,343$2,811,794
27$4,971,820$1,802,528$218,760$2,950,532
28$5,220,411$1,894,507$229,698$3,096,206
29$5,481,432$1,991,085$241,183$3,249,164
30$5,755,503$2,092,491$253,242$3,409,770
Total$92,900,000$33,261,650$4,087,597$55,550,752

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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.