Colorado Lottery

COLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Dec 16, 2025 is estimated to be $80 Million, with a cash option of 36.2 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 MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Colorado MEGA Millions Jackpot/Cash Option for Tue Dec 16, 2025

Draw Date	Jackpot	Cash Option
Tue Dec 16, 2025	$80,000,000	$36,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$36,200,000
Federal Tax(24%)	$8,688,000
Additional Federal Tax	$4,666,330
State Tax(4%)	$1,448,000
Net Lumpsum Payment	$21,397,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,204,080	-$405,840 -$48,163	$750,077
2	$1,264,320	-$428,129 -$50,573	$785,618
3	$1,327,520	-$451,513 -$53,101	$822,906
4	$1,393,920	-$476,081 -$55,757	$862,082
5	$1,463,600	-$501,862 -$58,544	$903,194
6	$1,536,800	-$528,946 -$61,472	$946,382
7	$1,613,600	-$557,362 -$64,544	$991,694
8	$1,694,320	-$587,229 -$67,773	$1,039,318
9	$1,779,040	-$618,575 -$71,162	$1,089,303
10	$1,868,000	-$651,490 -$74,720	$1,141,790
11	$1,961,360	-$686,034 -$78,454	$1,196,872
12	$2,059,440	-$722,323 -$82,378	$1,254,739
13	$2,162,400	-$760,418 -$86,496	$1,315,486
14	$2,270,560	-$800,438 -$90,822	$1,379,300
15	$2,384,080	-$842,440 -$95,363	$1,446,277
16	$2,503,280	-$886,544 -$100,131	$1,516,605
17	$2,628,400	-$932,838 -$105,136	$1,590,426
18	$2,759,840	-$981,471 -$110,394	$1,667,975
19	$2,897,840	-$1,032,531 -$115,914	$1,749,395
20	$3,042,720	-$1,086,137 -$121,709	$1,834,874
21	$3,194,880	-$1,142,436 -$127,795	$1,924,649
22	$3,354,640	-$1,201,547 -$134,186	$2,018,907
23	$3,522,320	-$1,263,589 -$140,893	$2,117,838
24	$3,698,480	-$1,328,768 -$147,939	$2,221,773
25	$3,883,360	-$1,397,174 -$155,334	$2,330,852
26	$4,077,600	-$1,469,042 -$163,104	$2,445,454
27	$4,281,440	-$1,544,463 -$171,258	$2,565,719
28	$4,495,520	-$1,623,673 -$179,821	$2,692,026
29	$4,720,320	-$1,706,849 -$188,813	$2,824,658
30	$4,956,320	-$1,794,169 -$198,253	$2,963,898