USA Mega

Colorado Powerball Jackpot Annuity Payout Schedule for Nov 26, 2022

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 $45,700,000 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 prize money, as well as deductions claimed.

State:

Colorado

Drawing Date:Sat, Nov 26, 2022
Jackpot:$45,700,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$687,851$217,460$30,265$440,125
2$722,243$230,185$31,779$460,279
3$758,355$243,546$33,368$481,441
4$796,273$257,576$35,036$503,661
5$836,087$272,307$36,788$526,992
6$877,891$287,775$38,627$551,489
7$921,786$304,016$40,559$577,211
8$967,875$321,069$42,586$604,220
9$1,016,269$338,974$44,716$632,578
10$1,067,082$357,775$46,952$662,355
11$1,120,436$377,516$49,299$693,621
12$1,176,458$398,244$51,764$726,449
13$1,235,281$420,009$54,352$760,920
14$1,297,045$442,862$57,070$797,113
15$1,361,897$466,857$59,923$835,117
16$1,429,992$492,052$62,920$875,020
17$1,501,492$518,507$66,066$916,919
18$1,576,566$546,284$69,369$960,913
19$1,655,394$575,451$72,837$1,007,106
20$1,738,164$606,076$76,479$1,055,609
21$1,825,072$638,232$80,303$1,106,537
22$1,916,326$671,996$84,318$1,160,012
23$2,012,142$707,448$88,534$1,216,160
24$2,112,749$744,672$92,961$1,275,116
25$2,218,387$783,758$97,609$1,337,020
26$2,329,306$824,798$102,489$1,402,018
27$2,445,772$867,890$107,614$1,470,267
28$2,568,060$913,137$112,995$1,541,928
29$2,696,463$960,646$118,644$1,617,172
30$2,831,286$1,010,531$124,577$1,696,179
Total$45,700,000$15,797,649$2,010,799$27,891,547

◄ 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.