Colorado Lottery

COLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 5, 2025 is estimated to be $150 Million, with a cash option of 67.9 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 Aug 5, 2025

Draw Date	Jackpot	Cash Option
Tue Aug 5, 2025	$150,000,000	$67,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$67,900,000
Federal Tax(24%)	$16,296,000
Additional Federal Tax	$8,787,330
State Tax(4%)	$2,716,000
Net Lumpsum Payment	$40,100,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,257,650	-$795,661 -$90,306	$1,371,683
2	$2,370,600	-$837,452 -$94,824	$1,438,324
3	$2,489,100	-$881,297 -$99,564	$1,508,239
4	$2,613,600	-$927,362 -$104,544	$1,581,694
5	$2,744,250	-$975,703 -$109,770	$1,658,777
6	$2,881,500	-$1,026,485 -$115,260	$1,739,755
7	$3,025,500	-$1,079,765 -$121,020	$1,824,715
8	$3,176,850	-$1,135,765 -$127,074	$1,914,011
9	$3,335,700	-$1,194,539 -$133,428	$2,007,733
10	$3,502,500	-$1,256,255 -$140,100	$2,106,145
11	$3,677,550	-$1,321,024 -$147,102	$2,209,424
12	$3,861,450	-$1,389,067 -$154,458	$2,317,925
13	$4,054,500	-$1,460,495 -$162,180	$2,431,825
14	$4,257,300	-$1,535,531 -$170,292	$2,551,477
15	$4,470,150	-$1,614,286 -$178,806	$2,677,058
16	$4,693,650	-$1,696,981 -$187,746	$2,808,923
17	$4,928,250	-$1,783,783 -$197,130	$2,947,337
18	$5,174,700	-$1,874,969 -$206,988	$3,092,743
19	$5,433,450	-$1,970,707 -$217,338	$3,245,405
20	$5,705,100	-$2,071,217 -$228,204	$3,405,679
21	$5,990,400	-$2,176,778 -$239,616	$3,574,006
22	$6,289,950	-$2,287,612 -$251,598	$3,750,740
23	$6,604,350	-$2,403,940 -$264,174	$3,936,236
24	$6,934,650	-$2,526,151 -$277,386	$4,131,113
25	$7,281,300	-$2,654,411 -$291,252	$4,335,637
26	$7,645,500	-$2,789,165 -$305,820	$4,550,515
27	$8,027,700	-$2,930,579 -$321,108	$4,776,013
28	$8,429,100	-$3,079,097 -$337,164	$5,012,839
29	$8,850,600	-$3,235,052 -$354,024	$5,261,524
30	$9,293,100	-$3,398,777 -$371,724	$5,522,599