USA Mega

Colorado Powerball Jackpot Annuity Payout Schedule for Jul 29, 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 $142,600,000 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:Mon, Jul 29, 2024
Jackpot:$142,600,000
Federal Tax:37% marginal rate
State Tax: 4.4%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,146,335$752,332$94,439$1,299,564
2$2,253,651$792,039$99,161$1,362,452
3$2,366,334$833,731$104,119$1,428,484
4$2,484,651$877,509$109,325$1,497,818
5$2,608,883$923,475$114,791$1,570,618
6$2,739,327$971,739$120,530$1,647,058
7$2,876,294$1,022,416$126,557$1,727,320
8$3,020,108$1,075,628$132,885$1,811,596
9$3,171,114$1,131,500$139,529$1,900,085
10$3,329,670$1,190,165$146,505$1,992,999
11$3,496,153$1,251,764$153,831$2,090,558
12$3,670,961$1,316,443$161,522$2,192,995
13$3,854,509$1,384,356$169,598$2,300,554
14$4,047,234$1,455,664$178,078$2,413,491
15$4,249,596$1,530,538$186,982$2,532,075
16$4,462,076$1,609,156$196,331$2,656,589
17$4,685,179$1,691,704$206,148$2,787,327
18$4,919,438$1,778,380$216,455$2,924,603
19$5,165,410$1,869,390$227,278$3,068,743
20$5,423,681$1,964,950$238,642$3,220,089
21$5,694,865$2,065,288$250,574$3,379,003
22$5,979,608$2,170,643$263,103$3,545,863
23$6,278,588$2,281,265$276,258$3,721,065
24$6,592,518$2,397,419$290,071$3,905,028
25$6,922,144$2,519,381$304,574$4,098,188
26$7,268,251$2,647,441$319,803$4,301,007
27$7,631,664$2,781,903$335,793$4,513,967
28$8,013,247$2,923,089$352,583$4,737,575
29$8,413,909$3,071,334$370,212$4,972,363
30$8,834,604$3,226,991$388,723$5,218,890
Total$142,600,000$51,507,633$6,274,400$84,817,967

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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.