USA Mega

Colorado Powerball Jackpot Annuity Payout Schedule for Nov 30, 2022

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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 $65,600,000 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 money, as well as deductions claimed.

State:

Colorado

Drawing Date:Wed, Nov 30, 2022
Jackpot:$65,600,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$987,374$323,516$43,444$620,413
2$1,036,743$341,783$45,617$649,344
3$1,088,580$360,962$47,898$679,720
4$1,143,009$381,101$50,292$711,616
5$1,200,159$402,247$52,807$745,106
6$1,260,167$424,450$55,447$780,270
7$1,323,176$447,763$58,220$817,193
8$1,389,335$472,242$61,131$855,962
9$1,458,801$497,944$64,187$896,670
10$1,531,741$524,932$67,397$939,413
11$1,608,328$553,269$70,766$984,293
12$1,688,745$583,023$74,305$1,031,417
13$1,773,182$614,265$78,020$1,080,897
14$1,861,841$647,069$81,921$1,132,851
15$1,954,933$681,513$86,017$1,187,403
16$2,052,680$717,679$90,318$1,244,683
17$2,155,314$755,654$94,834$1,304,826
18$2,263,080$795,527$99,576$1,367,977
19$2,376,234$837,394$104,554$1,434,285
20$2,495,045$881,355$109,782$1,503,909
21$2,619,798$927,513$115,271$1,577,014
22$2,750,787$975,979$121,035$1,653,774
23$2,888,327$1,026,869$127,086$1,734,372
24$3,032,743$1,080,303$133,441$1,819,000
25$3,184,380$1,136,408$140,113$1,907,859
26$3,343,599$1,195,320$147,118$2,001,161
27$3,510,779$1,257,176$154,474$2,099,129
28$3,686,318$1,322,125$162,198$2,201,995
29$3,870,634$1,390,322$170,308$2,310,004
30$4,064,166$1,461,929$178,823$2,423,413
Total$65,600,000$23,017,632$2,886,400$39,695,969

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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.