Colorado Lottery

COLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Oct 24, 2026 is estimated to be $674 Million, with a cash option of 283.9 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 Sat Oct 24, 2026

Draw Date	Jackpot	Cash Option
Sat Oct 24, 2026	$674,000,000	$283,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$283,900,000
Federal Tax(24%)	$68,136,000
Additional Federal Tax	$36,867,330
State Tax(4%)	$11,356,000
Net Lumpsum Payment	$167,540,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$10,144,374	-$3,713,749 -$405,775	$6,024,850
2	$10,651,896	-$3,901,532 -$426,076	$6,324,288
3	$11,184,356	-$4,098,542 -$447,374	$6,638,440
4	$11,743,776	-$4,305,528 -$469,751	$6,968,497
5	$12,330,830	-$4,522,737 -$493,233	$7,314,860
6	$12,947,540	-$4,750,920 -$517,902	$7,678,718
7	$13,594,580	-$4,990,325 -$543,783	$8,060,472
8	$14,274,646	-$5,241,949 -$570,986	$8,461,711
9	$14,988,412	-$5,506,043 -$599,536	$8,882,833
10	$15,737,900	-$5,783,353 -$629,516	$9,325,031
11	$16,524,458	-$6,074,380 -$660,978	$9,789,100
12	$17,350,782	-$6,380,120 -$694,031	$10,276,631
13	$18,218,220	-$6,701,072 -$728,729	$10,788,419
14	$19,129,468	-$7,038,234 -$765,179	$11,326,055
15	$20,085,874	-$7,392,104 -$803,435	$11,890,335
16	$21,090,134	-$7,763,680 -$843,605	$12,482,849
17	$22,144,270	-$8,153,710 -$885,771	$13,104,789
18	$23,251,652	-$8,563,442 -$930,066	$13,758,144
19	$24,414,302	-$8,993,622 -$976,572	$14,444,108
20	$25,634,916	-$9,445,249 -$1,025,397	$15,164,270
21	$26,916,864	-$9,919,570 -$1,076,675	$15,920,619
22	$28,262,842	-$10,417,582 -$1,130,514	$16,714,746
23	$29,675,546	-$10,940,282 -$1,187,022	$17,548,242
24	$31,159,694	-$11,489,417 -$1,246,388	$18,423,889
25	$32,717,308	-$12,065,734 -$1,308,692	$19,342,882
26	$34,353,780	-$12,671,229 -$1,374,151	$20,308,400
27	$36,071,132	-$13,306,649 -$1,442,845	$21,321,638
28	$37,874,756	-$13,973,990 -$1,514,990	$22,385,776
29	$39,768,696	-$14,674,748 -$1,590,748	$23,503,200
30	$41,756,996	-$15,410,419 -$1,670,280	$24,676,297