USA Mega

Colorado Powerball Jackpot Annuity Payout Schedule for Sep 26, 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 $286,000,000 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, Sep 26, 2022
Jackpot:$286,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$4,304,710$1,555,698$189,407$2,559,605
2$4,519,946$1,635,335$198,878$2,685,733
3$4,745,943$1,718,954$208,822$2,818,168
4$4,983,241$1,806,754$219,263$2,957,224
5$5,232,402$1,898,944$230,226$3,103,233
6$5,494,023$1,995,743$241,737$3,256,542
7$5,768,724$2,097,383$253,824$3,417,517
8$6,057,160$2,204,104$266,515$3,586,541
9$6,360,018$2,316,162$279,841$3,764,016
10$6,678,019$2,433,822$293,833$3,950,364
11$7,011,920$2,557,365$308,524$4,146,030
12$7,362,516$2,687,086$323,951$4,351,479
13$7,730,641$2,823,292$340,148$4,567,201
14$8,117,174$2,966,309$357,156$4,793,709
15$8,523,032$3,116,477$375,013$5,031,542
16$8,949,184$3,274,153$393,764$5,281,267
17$9,396,643$3,439,713$413,452$5,543,478
18$9,866,475$3,613,551$434,125$5,818,799
19$10,359,799$3,796,081$455,831$6,107,887
20$10,877,789$3,987,737$478,623$6,411,429
21$11,421,678$4,188,976$502,554$6,730,148
22$11,992,762$4,400,277$527,682$7,064,804
23$12,592,400$4,622,143$554,066$7,416,192
24$13,222,020$4,855,102$581,769$7,785,149
25$13,883,121$5,099,710$610,857$8,172,554
26$14,577,278$5,356,548$641,400$8,579,330
27$15,306,141$5,626,227$673,470$9,006,444
28$16,071,448$5,909,391$707,144$9,454,914
29$16,875,021$6,206,713$742,501$9,925,807
30$17,718,772$6,518,901$779,626$10,420,245
Total$286,000,001$104,708,651$12,584,002$168,707,351

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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.