Colorado Lottery

COLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 17, 2025 is estimated to be $280 Million, with a cash option of 126.1 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Colorado, your state will take 4% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Colorado MEGA Millions Jackpot/Cash Option for Tue Jun 17, 2025

Draw Date	Jackpot	Cash Option
Tue Jun 17, 2025	$280,000,000	$126,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$126,100,000
Federal Tax(24%)	$30,264,000
Additional Federal Tax	$16,353,330
State Tax(4%)	$5,044,000
Net Lumpsum Payment	$74,438,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,214,280	-$1,519,614 -$168,571	$2,526,095
2	$4,425,120	-$1,597,625 -$177,005	$2,650,490
3	$4,646,320	-$1,679,469 -$185,853	$2,780,998
4	$4,878,720	-$1,765,457 -$195,149	$2,918,114
5	$5,122,600	-$1,855,692 -$204,904	$3,062,004
6	$5,378,800	-$1,950,486 -$215,152	$3,213,162
7	$5,647,600	-$2,049,942 -$225,904	$3,371,754
8	$5,930,120	-$2,154,475 -$237,205	$3,538,440
9	$6,226,640	-$2,264,187 -$249,066	$3,713,387
10	$6,538,000	-$2,379,390 -$261,520	$3,897,090
11	$6,864,760	-$2,500,292 -$274,590	$4,089,878
12	$7,208,040	-$2,627,305 -$288,322	$4,292,413
13	$7,568,400	-$2,760,638 -$302,736	$4,505,026
14	$7,946,960	-$2,900,706 -$317,878	$4,728,376
15	$8,344,280	-$3,047,714 -$333,771	$4,962,795
16	$8,761,480	-$3,202,078 -$350,459	$5,208,943
17	$9,199,400	-$3,364,108 -$367,976	$5,467,316
18	$9,659,440	-$3,534,323 -$386,378	$5,738,739
19	$10,142,440	-$3,713,033 -$405,698	$6,023,709
20	$10,649,520	-$3,900,653 -$425,981	$6,322,886
21	$11,182,080	-$4,097,700 -$447,283	$6,637,097
22	$11,741,240	-$4,304,589 -$469,650	$6,967,001
23	$12,328,120	-$4,521,735 -$493,125	$7,313,260
24	$12,944,680	-$4,749,862 -$517,787	$7,677,031
25	$13,591,760	-$4,989,282 -$543,670	$8,058,808
26	$14,271,600	-$5,240,822 -$570,864	$8,459,914
27	$14,985,040	-$5,504,795 -$599,402	$8,880,843
28	$15,734,320	-$5,782,029 -$629,373	$9,322,918
29	$16,521,120	-$6,073,145 -$660,845	$9,787,130
30	$17,347,120	-$6,378,765 -$693,885	$10,274,470