Colorado Lottery

COLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Nov 4, 2025 is estimated to be $800 Million, with a cash option of 371.7 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 Nov 4, 2025

Draw Date	Jackpot	Cash Option
Tue Nov 4, 2025	$800,000,000	$371,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$371,700,000
Federal Tax(24%)	$89,208,000
Additional Federal Tax	$48,281,330
State Tax(4%)	$14,868,000
Net Lumpsum Payment	$219,342,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$12,040,800	-$4,415,426 -$481,632	$7,143,742
2	$12,643,200	-$4,638,314 -$505,728	$7,499,158
3	$13,275,200	-$4,872,154 -$531,008	$7,872,038
4	$13,939,200	-$5,117,834 -$557,568	$8,263,798
5	$14,636,000	-$5,375,650 -$585,440	$8,674,910
6	$15,368,000	-$5,646,490 -$614,720	$9,106,790
7	$16,136,000	-$5,930,650 -$645,440	$9,559,910
8	$16,943,200	-$6,229,314 -$677,728	$10,036,158
9	$17,790,400	-$6,542,778 -$711,616	$10,536,006
10	$18,680,000	-$6,871,930 -$747,200	$11,060,870
11	$19,613,600	-$7,217,362 -$784,544	$11,611,694
12	$20,594,400	-$7,580,258 -$823,776	$12,190,366
13	$21,624,000	-$7,961,210 -$864,960	$12,797,830
14	$22,705,600	-$8,361,402 -$908,224	$13,435,974
15	$23,840,800	-$8,781,426 -$953,632	$14,105,742
16	$25,032,800	-$9,222,466 -$1,001,312	$14,809,022
17	$26,284,000	-$9,685,410 -$1,051,360	$15,547,230
18	$27,598,400	-$10,171,738 -$1,103,936	$16,322,726
19	$28,978,400	-$10,682,338 -$1,159,136	$17,136,926
20	$30,427,200	-$11,218,394 -$1,217,088	$17,991,718
21	$31,948,800	-$11,781,386 -$1,277,952	$18,889,462
22	$33,546,400	-$12,372,498 -$1,341,856	$19,832,046
23	$35,223,200	-$12,992,914 -$1,408,928	$20,821,358
24	$36,984,800	-$13,644,706 -$1,479,392	$21,860,702
25	$38,833,600	-$14,328,762 -$1,553,344	$22,951,494
26	$40,776,000	-$15,047,450 -$1,631,040	$24,097,510
27	$42,814,400	-$15,801,658 -$1,712,576	$25,300,166
28	$44,955,200	-$16,593,754 -$1,798,208	$26,563,238
29	$47,203,200	-$17,425,514 -$1,888,128	$27,889,558
30	$49,563,200	-$18,298,714 -$1,982,528	$29,281,958