USA Mega

Colorado Powerball Jackpot Annuity Payout Schedule for Mar 4, 2024

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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 $462,700,000 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 money, as well as deductions claimed.

State:

Colorado

Drawing Date:Mon, Mar 4, 2024
Jackpot:$462,700,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$6,964,299$2,534,978$306,429$4,122,891
2$7,312,514$2,663,818$321,751$4,326,945
3$7,678,140$2,799,099$337,838$4,541,202
4$8,062,047$2,941,145$354,730$4,766,172
5$8,465,149$3,090,293$372,467$5,002,389
6$8,888,406$3,246,898$391,090$5,250,418
7$9,332,827$3,411,334$410,644$5,510,849
8$9,799,468$3,583,991$431,177$5,784,301
9$10,289,442$3,765,281$452,735$6,071,425
10$10,803,914$3,955,636$475,372$6,372,906
11$11,344,109$4,155,508$499,141$6,689,460
12$11,911,315$4,365,374$524,098$7,021,843
13$12,506,880$4,585,734$550,303$7,370,844
14$13,132,225$4,817,111$577,818$7,737,296
15$13,788,836$5,060,057$606,709$8,122,070
16$14,478,278$5,315,150$637,044$8,526,083
17$15,202,191$5,582,999$668,896$8,950,296
18$15,962,301$5,864,239$702,341$9,395,721
19$16,760,416$6,159,542$737,458$9,863,416
20$17,598,437$6,469,609$774,331$10,354,496
21$18,478,359$6,795,180$813,048$10,870,130
22$19,402,276$7,137,030$853,700$11,411,546
23$20,372,390$7,495,972$896,385$11,980,033
24$21,391,010$7,872,861$941,204$12,576,944
25$22,460,560$8,268,595$988,265$13,203,700
26$23,583,589$8,684,116$1,037,678$13,861,795
27$24,762,768$9,120,412$1,089,562$14,552,794
28$26,000,906$9,578,523$1,144,040$15,278,343
29$27,300,951$10,059,540$1,201,242$16,040,170
30$28,665,999$10,564,607$1,261,304$16,840,088
Total$462,700,001$169,944,632$20,358,800$272,396,566

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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.