USA Mega

Colorado Powerball Jackpot Annuity Payout Schedule for Jun 25, 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 $333,700,000 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, Jun 25, 2022
Jackpot:$333,700,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$5,022,664$1,821,341$220,997$2,980,326
2$5,273,797$1,914,260$232,047$3,127,490
3$5,537,487$2,011,825$243,649$3,282,012
4$5,814,361$2,114,269$255,832$3,444,261
5$6,105,079$2,221,834$268,623$3,614,621
6$6,410,333$2,334,778$282,055$3,793,500
7$6,730,850$2,453,370$296,157$3,981,323
8$7,067,393$2,577,890$310,965$4,178,537
9$7,420,762$2,708,637$326,514$4,385,612
10$7,791,800$2,845,921$342,839$4,603,040
11$8,181,390$2,990,069$359,981$4,831,340
12$8,590,460$3,141,425$377,980$5,071,054
13$9,019,983$3,300,349$396,879$5,322,755
14$9,470,982$3,467,218$416,723$5,587,040
15$9,944,531$3,642,431$437,559$5,864,540
16$10,441,758$3,826,405$459,437$6,155,915
17$10,963,845$4,019,578$482,409$6,461,858
18$11,512,038$4,222,409$506,530$6,783,099
19$12,087,639$4,435,382$531,856$7,120,402
20$12,692,022$4,659,003$558,449$7,474,570
21$13,326,623$4,893,805$586,371$7,846,446
22$13,992,954$5,140,348$615,690$8,236,916
23$14,692,601$5,399,218$646,474$8,646,909
24$15,427,231$5,671,031$678,798$9,077,403
25$16,198,593$5,956,434$712,738$9,529,420
26$17,008,523$6,256,108$748,375$10,004,039
27$17,858,949$6,570,766$785,794$10,502,389
28$18,751,896$6,901,157$825,083$11,025,656
29$19,689,491$7,248,067$866,338$11,575,087
30$20,673,966$7,612,322$909,654$12,151,989
Total$333,700,001$122,357,650$14,682,796$196,659,549

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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.