Colorado Lottery

COLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 14, 2025 is estimated to be $600 Million, with a cash option of 277.2 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 Oct 14, 2025

Draw Date	Jackpot	Cash Option
Tue Oct 14, 2025	$600,000,000	$277,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$277,200,000
Federal Tax(24%)	$66,528,000
Additional Federal Tax	$35,996,330
State Tax(4%)	$11,088,000
Net Lumpsum Payment	$163,587,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,030,600	-$3,301,652 -$361,224	$5,367,724
2	$9,482,400	-$3,468,818 -$379,296	$5,634,286
3	$9,956,400	-$3,644,198 -$398,256	$5,913,946
4	$10,454,400	-$3,828,458 -$418,176	$6,207,766
5	$10,977,000	-$4,021,820 -$439,080	$6,516,100
6	$11,526,000	-$4,224,950 -$461,040	$6,840,010
7	$12,102,000	-$4,438,070 -$484,080	$7,179,850
8	$12,707,400	-$4,662,068 -$508,296	$7,537,036
9	$13,342,800	-$4,897,166 -$533,712	$7,911,922
10	$14,010,000	-$5,144,030 -$560,400	$8,305,570
11	$14,710,200	-$5,403,104 -$588,408	$8,718,688
12	$15,445,800	-$5,675,276 -$617,832	$9,152,692
13	$16,218,000	-$5,960,990 -$648,720	$9,608,290
14	$17,029,200	-$6,261,134 -$681,168	$10,086,898
15	$17,880,600	-$6,576,152 -$715,224	$10,589,224
16	$18,774,600	-$6,906,932 -$750,984	$11,116,684
17	$19,713,000	-$7,254,140 -$788,520	$11,670,340
18	$20,698,800	-$7,618,886 -$827,952	$12,251,962
19	$21,733,800	-$8,001,836 -$869,352	$12,862,612
20	$22,820,400	-$8,403,878 -$912,816	$13,503,706
21	$23,961,600	-$8,826,122 -$958,464	$14,177,014
22	$25,159,800	-$9,269,456 -$1,006,392	$14,883,952
23	$26,417,400	-$9,734,768 -$1,056,696	$15,625,936
24	$27,738,600	-$10,223,612 -$1,109,544	$16,405,444
25	$29,125,200	-$10,736,654 -$1,165,008	$17,223,538
26	$30,582,000	-$11,275,670 -$1,223,280	$18,083,050
27	$32,110,800	-$11,841,326 -$1,284,432	$18,985,042
28	$33,716,400	-$12,435,398 -$1,348,656	$19,932,346
29	$35,402,400	-$13,059,218 -$1,416,096	$20,927,086
30	$37,172,400	-$13,714,118 -$1,486,896	$21,971,386