Colorado Lottery

COLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jun 16, 2025 is estimated to be $90 Million, with a cash option of 40.7 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 Jun 16, 2025

Draw Date	Jackpot	Cash Option
Mon Jun 16, 2025	$90,000,000	$40,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$40,700,000
Federal Tax(24%)	$9,768,000
Additional Federal Tax	$5,251,330
State Tax(4%)	$1,628,000
Net Lumpsum Payment	$24,052,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,354,590	-$461,529 -$54,184	$838,877
2	$1,422,360	-$486,604 -$56,894	$878,862
3	$1,493,460	-$512,911 -$59,738	$920,811
4	$1,568,160	-$540,550 -$62,726	$964,884
5	$1,646,550	-$569,554 -$65,862	$1,011,134
6	$1,728,900	-$600,023 -$69,156	$1,059,721
7	$1,815,300	-$631,991 -$72,612	$1,110,697
8	$1,906,110	-$665,591 -$76,244	$1,164,275
9	$2,001,420	-$700,856 -$80,057	$1,220,507
10	$2,101,500	-$737,885 -$84,060	$1,279,555
11	$2,206,530	-$776,746 -$88,261	$1,341,523
12	$2,316,870	-$817,572 -$92,675	$1,406,623
13	$2,432,700	-$860,429 -$97,308	$1,474,963
14	$2,554,380	-$905,451 -$102,175	$1,546,754
15	$2,682,090	-$952,704 -$107,284	$1,622,102
16	$2,816,190	-$1,002,321 -$112,648	$1,701,221
17	$2,956,950	-$1,054,402 -$118,278	$1,784,270
18	$3,104,820	-$1,109,114 -$124,193	$1,871,513
19	$3,260,070	-$1,166,556 -$130,403	$1,963,111
20	$3,423,060	-$1,226,863 -$136,922	$2,059,275
21	$3,594,240	-$1,290,199 -$143,770	$2,160,271
22	$3,773,970	-$1,356,699 -$150,959	$2,266,312
23	$3,962,610	-$1,426,496 -$158,504	$2,377,610
24	$4,160,790	-$1,499,823 -$166,432	$2,494,535
25	$4,368,780	-$1,576,779 -$174,751	$2,617,250
26	$4,587,300	-$1,657,631 -$183,492	$2,746,177
27	$4,816,620	-$1,742,480 -$192,665	$2,881,475
28	$5,057,460	-$1,831,591 -$202,298	$3,023,571
29	$5,310,360	-$1,925,164 -$212,414	$3,172,782
30	$5,575,860	-$2,023,399 -$223,034	$3,329,427