Colorado Lottery

COLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Aug 24, 2026 is estimated to be $81 Million, with a cash option of 34.8 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 24, 2026

Draw Date	Jackpot	Cash Option
Mon Aug 24, 2026	$81,000,000	$34,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$34,800,000
Federal Tax(24%)	$8,352,000
Additional Federal Tax	$4,484,330
State Tax(4%)	$1,392,000
Net Lumpsum Payment	$20,571,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,219,131	-$411,409 -$48,765	$758,957
2	$1,280,124	-$433,976 -$51,205	$794,943
3	$1,344,114	-$457,653 -$53,765	$832,696
4	$1,411,344	-$482,528 -$56,454	$872,362
5	$1,481,895	-$508,632 -$59,276	$913,987
6	$1,556,010	-$536,054 -$62,240	$957,716
7	$1,633,770	-$564,825 -$65,351	$1,003,594
8	$1,715,499	-$595,065 -$68,620	$1,051,814
9	$1,801,278	-$626,803 -$72,051	$1,102,424
10	$1,891,350	-$660,130 -$75,654	$1,155,566
11	$1,985,877	-$695,105 -$79,435	$1,211,337
12	$2,085,183	-$731,848 -$83,407	$1,269,928
13	$2,189,430	-$770,419 -$87,577	$1,331,434
14	$2,298,942	-$810,939 -$91,958	$1,396,045
15	$2,413,881	-$853,466 -$96,555	$1,463,860
16	$2,534,571	-$898,122 -$101,383	$1,535,066
17	$2,661,255	-$944,995 -$106,450	$1,609,810
18	$2,794,338	-$994,235 -$111,774	$1,688,329
19	$2,934,063	-$1,045,934 -$117,363	$1,770,766
20	$3,080,754	-$1,100,209 -$123,230	$1,857,315
21	$3,234,816	-$1,157,212 -$129,393	$1,948,211
22	$3,396,573	-$1,217,062 -$135,863	$2,043,648
23	$3,566,349	-$1,279,880 -$142,654	$2,143,815
24	$3,744,711	-$1,345,873 -$149,788	$2,249,050
25	$3,931,902	-$1,415,134 -$157,276	$2,359,492
26	$4,128,570	-$1,487,901 -$165,143	$2,475,526
27	$4,334,958	-$1,564,265 -$173,398	$2,597,295
28	$4,551,714	-$1,644,465 -$182,069	$2,725,180
29	$4,779,324	-$1,728,680 -$191,173	$2,859,471
30	$5,018,274	-$1,817,092 -$200,731	$3,000,451