Colorado Lottery

COLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 9, 2025 is estimated to be $358 Million, with a cash option of 164.5 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 Sep 9, 2025

Draw Date	Jackpot	Cash Option
Tue Sep 9, 2025	$358,000,000	$164,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$164,500,000
Federal Tax(24%)	$39,480,000
Additional Federal Tax	$21,345,330
State Tax(4%)	$6,580,000
Net Lumpsum Payment	$97,094,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,388,258	-$1,953,986 -$215,530	$3,218,742
2	$5,657,832	-$2,053,728 -$226,313	$3,377,791
3	$5,940,652	-$2,158,372 -$237,626	$3,544,654
4	$6,237,792	-$2,268,313 -$249,512	$3,719,967
5	$6,549,610	-$2,383,686 -$261,984	$3,903,940
6	$6,877,180	-$2,504,887 -$275,087	$4,097,206
7	$7,220,860	-$2,632,049 -$288,834	$4,299,977
8	$7,582,082	-$2,765,701 -$303,283	$4,513,098
9	$7,961,204	-$2,905,976 -$318,448	$4,736,780
10	$8,359,300	-$3,053,271 -$334,372	$4,971,657
11	$8,777,086	-$3,207,852 -$351,083	$5,218,151
12	$9,215,994	-$3,370,248 -$368,640	$5,477,106
13	$9,676,740	-$3,540,724 -$387,070	$5,748,946
14	$10,160,756	-$3,719,810 -$406,430	$6,034,516
15	$10,668,758	-$3,907,771 -$426,750	$6,334,237
16	$11,202,178	-$4,105,136 -$448,087	$6,648,955
17	$11,762,090	-$4,312,304 -$470,484	$6,979,302
18	$12,350,284	-$4,529,935 -$494,011	$7,326,338
19	$12,967,834	-$4,758,429 -$518,713	$7,690,692
20	$13,616,172	-$4,998,314 -$544,647	$8,073,211
21	$14,297,088	-$5,250,253 -$571,884	$8,474,951
22	$15,012,014	-$5,514,776 -$600,481	$8,896,757
23	$15,762,382	-$5,792,412 -$630,495	$9,339,475
24	$16,550,698	-$6,084,089 -$662,028	$9,804,581
25	$17,378,036	-$6,390,204 -$695,121	$10,292,711
26	$18,247,260	-$6,711,817 -$729,890	$10,805,553
27	$19,159,444	-$7,049,325 -$766,378	$11,343,741
28	$20,117,452	-$7,403,788 -$804,698	$11,908,966
29	$21,123,432	-$7,776,000 -$844,937	$12,502,495
30	$22,179,532	-$8,166,757 -$887,181	$13,125,594