Colorado Lottery

COLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 6, 2026 is estimated to be $345 Million, with a cash option of 139.6 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 6, 2026

Draw Date	Jackpot	Cash Option
Tue Oct 6, 2026	$345,000,000	$139,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$139,600,000
Federal Tax(24%)	$33,504,000
Additional Federal Tax	$18,108,330
State Tax(4%)	$5,584,000
Net Lumpsum Payment	$82,403,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,192,595	-$1,881,591 -$207,704	$3,103,300
2	$5,452,380	-$1,977,711 -$218,095	$3,256,574
3	$5,724,930	-$2,078,554 -$228,997	$3,417,379
4	$6,011,280	-$2,184,504 -$240,451	$3,586,325
5	$6,311,775	-$2,295,687 -$252,471	$3,763,617
6	$6,627,450	-$2,412,487 -$265,098	$3,949,865
7	$6,958,650	-$2,535,031 -$278,346	$4,145,273
8	$7,306,755	-$2,663,830 -$292,270	$4,350,655
9	$7,672,110	-$2,799,011 -$306,884	$4,566,215
10	$8,055,750	-$2,940,958 -$322,230	$4,792,562
11	$8,458,365	-$3,089,925 -$338,335	$5,030,105
12	$8,881,335	-$3,246,424 -$355,253	$5,279,658
13	$9,325,350	-$3,410,710 -$373,014	$5,541,626
14	$9,791,790	-$3,583,293 -$391,672	$5,816,825
15	$10,281,345	-$3,764,428 -$411,254	$6,105,663
16	$10,795,395	-$3,954,627 -$431,816	$6,408,952
17	$11,334,975	-$4,154,271 -$453,399	$6,727,305
18	$11,901,810	-$4,364,000 -$476,072	$7,061,738
19	$12,496,935	-$4,584,196 -$499,877	$7,412,862
20	$13,121,730	-$4,815,370 -$524,869	$7,781,491
21	$13,777,920	-$5,058,161 -$551,117	$8,168,642
22	$14,466,885	-$5,313,078 -$578,675	$8,575,132
23	$15,190,005	-$5,580,632 -$607,600	$9,001,773
24	$15,949,695	-$5,861,718 -$637,988	$9,449,989
25	$16,746,990	-$6,156,717 -$669,880	$9,920,393
26	$17,584,650	-$6,466,651 -$703,386	$10,414,613
27	$18,463,710	-$6,791,903 -$738,548	$10,933,259
28	$19,386,930	-$7,133,494 -$775,477	$11,477,959
29	$20,356,380	-$7,492,191 -$814,255	$12,049,934
30	$21,374,130	-$7,868,758 -$854,965	$12,650,407