USA Mega

Colorado Powerball Jackpot Annuity Payout Schedule for Nov 28, 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 $54,800,000 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:Mon, Nov 28, 2022
Jackpot:$54,800,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$824,819$268,138$36,292$520,389
2$866,060$283,397$38,107$544,556
3$909,363$299,419$40,012$569,931
4$954,831$316,242$42,013$596,576
5$1,002,572$333,907$44,113$624,552
6$1,052,701$352,454$46,319$653,928
7$1,105,336$371,929$48,635$684,772
8$1,160,603$392,378$51,067$717,158
9$1,218,633$413,849$53,620$751,164
10$1,279,564$436,394$56,301$786,870
11$1,343,543$460,066$59,116$824,361
12$1,410,720$484,921$62,072$863,727
13$1,481,256$511,020$65,175$905,061
14$1,555,319$538,423$68,434$948,462
15$1,633,084$567,196$71,856$994,033
16$1,714,739$597,408$75,449$1,041,882
17$1,800,476$629,131$79,221$1,092,124
18$1,890,499$662,440$83,182$1,144,878
19$1,985,024$697,414$87,341$1,200,269
20$2,084,276$734,137$91,708$1,258,431
21$2,188,489$772,696$96,294$1,319,500
22$2,297,914$813,183$101,108$1,383,623
23$2,412,810$855,695$106,164$1,450,951
24$2,533,450$900,332$111,472$1,521,647
25$2,660,123$947,200$117,045$1,595,877
26$2,793,129$996,413$122,898$1,673,818
27$2,932,785$1,048,086$129,043$1,755,657
28$3,079,424$1,102,342$135,495$1,841,588
29$3,233,396$1,159,311$142,269$1,931,815
30$3,395,065$1,219,129$149,383$2,026,553
Total$54,800,000$19,164,650$2,411,204$33,224,153

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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.