USA Mega

Colorado Powerball Jackpot Annuity Payout Schedule for Dec 30, 2024

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The tax information provided here is based on 2025 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 $166,000,000 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 money, as well as deductions claimed.

State:

Colorado

Drawing Date:Mon, Dec 30, 2024
Jackpot:$166,000,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,498,538$881,479$109,936$1,507,123
2$2,623,465$927,702$115,432$1,580,330
3$2,754,638$976,236$121,204$1,657,198
4$2,892,370$1,027,197$127,264$1,737,909
5$3,036,989$1,080,706$133,628$1,822,655
6$3,188,838$1,136,890$140,309$1,911,639
7$3,348,280$1,195,884$147,324$2,005,072
8$3,515,694$1,257,827$154,691$2,103,177
9$3,691,479$1,322,867$162,425$2,206,186
10$3,876,053$1,391,160$170,546$2,314,347
11$4,069,856$1,462,867$179,074$2,427,915
12$4,273,348$1,538,159$188,027$2,547,162
13$4,487,016$1,617,216$197,429$2,672,371
14$4,711,367$1,700,226$207,300$2,803,841
15$4,946,935$1,787,386$217,665$2,941,884
16$5,194,282$1,878,904$228,548$3,086,829
17$5,453,996$1,974,999$239,976$3,239,021
18$5,726,695$2,075,898$251,975$3,398,823
19$6,013,030$2,181,841$264,573$3,566,615
20$6,313,682$2,293,082$277,802$3,742,797
21$6,629,366$2,409,886$291,692$3,927,788
22$6,960,834$2,532,529$306,277$4,122,028
23$7,308,876$2,661,304$321,591$4,325,981
24$7,674,319$2,796,518$337,670$4,540,131
25$8,058,035$2,938,493$354,554$4,764,989
26$8,460,937$3,087,567$372,281$5,001,089
27$8,883,984$3,244,094$390,895$5,248,994
28$9,328,183$3,408,448$410,440$5,509,295
29$9,794,592$3,581,019$430,962$5,782,611
30$10,284,322$3,762,219$452,510$6,069,593
Total$166,000,000$60,130,603$7,304,000$98,565,393

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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.