Colorado Lottery

COLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Aug 4, 2025 is estimated to be $426 Million, with a cash option of 193.5 Million. If you win the Powerball 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 Powerball Jackpot/Cash Option for Mon Aug 4, 2025

Draw Date	Jackpot	Cash Option
Mon Aug 4, 2025	$426,000,000	$193,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$193,500,000
Federal Tax(24%)	$46,440,000
Additional Federal Tax	$25,115,330
State Tax(4%)	$7,740,000
Net Lumpsum Payment	$114,204,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,411,726	-$2,332,669 -$256,469	$3,822,588
2	$6,732,504	-$2,451,357 -$269,300	$4,011,847
3	$7,069,044	-$2,575,877 -$282,762	$4,210,405
4	$7,422,624	-$2,706,701 -$296,905	$4,419,018
5	$7,793,670	-$2,843,988 -$311,747	$4,637,935
6	$8,183,460	-$2,988,211 -$327,338	$4,867,911
7	$8,592,420	-$3,139,526 -$343,697	$5,109,197
8	$9,022,254	-$3,298,564 -$360,890	$5,362,800
9	$9,473,388	-$3,465,484 -$378,936	$5,628,968
10	$9,947,100	-$3,640,757 -$397,884	$5,908,459
11	$10,444,242	-$3,824,700 -$417,770	$6,201,772
12	$10,966,518	-$4,017,942 -$438,661	$6,509,915
13	$11,514,780	-$4,220,799 -$460,591	$6,833,390
14	$12,090,732	-$4,433,901 -$483,629	$7,173,202
15	$12,695,226	-$4,657,564 -$507,809	$7,529,853
16	$13,329,966	-$4,892,418 -$533,199	$7,904,349
17	$13,996,230	-$5,138,935 -$559,849	$8,297,446
18	$14,696,148	-$5,397,905 -$587,846	$8,710,397
19	$15,430,998	-$5,669,800 -$617,240	$9,143,958
20	$16,202,484	-$5,955,249 -$648,099	$9,599,136
21	$17,012,736	-$6,255,043 -$680,509	$10,077,184
22	$17,863,458	-$6,569,810 -$714,538	$10,579,110
23	$18,756,354	-$6,900,181 -$750,254	$11,105,919
24	$19,694,406	-$7,247,261 -$787,776	$11,659,369
25	$20,678,892	-$7,611,520 -$827,156	$12,240,216
26	$21,713,220	-$7,994,222 -$868,529	$12,850,469
27	$22,798,668	-$8,395,838 -$911,947	$13,490,883
28	$23,938,644	-$8,817,629 -$957,546	$14,163,469
29	$25,135,704	-$9,260,541 -$1,005,428	$14,869,735
30	$26,392,404	-$9,725,520 -$1,055,696	$15,611,188