Colorado Lottery

COLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue May 26, 2026 is estimated to be $311 Million, with a cash option of 136.4 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 May 26, 2026

Draw Date	Jackpot	Cash Option
Tue May 26, 2026	$311,000,000	$136,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$136,400,000
Federal Tax(24%)	$32,736,000
Additional Federal Tax	$17,692,330
State Tax(4%)	$5,456,000
Net Lumpsum Payment	$80,515,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,680,861	-$1,692,249 -$187,234	$2,801,378
2	$4,915,044	-$1,778,897 -$196,602	$2,939,545
3	$5,160,734	-$1,869,802 -$206,429	$3,084,503
4	$5,418,864	-$1,965,310 -$216,755	$3,236,799
5	$5,689,745	-$2,065,536 -$227,590	$3,396,619
6	$5,974,310	-$2,170,825 -$238,972	$3,564,513
7	$6,272,870	-$2,281,292 -$250,915	$3,740,663
8	$6,586,669	-$2,397,398 -$263,467	$3,925,804
9	$6,916,018	-$2,519,257 -$276,641	$4,120,120
10	$7,261,850	-$2,647,215 -$290,474	$4,324,161
11	$7,624,787	-$2,781,502 -$304,991	$4,538,294
12	$8,006,073	-$2,922,577 -$320,243	$4,763,253
13	$8,406,330	-$3,070,672 -$336,253	$4,999,405
14	$8,826,802	-$3,226,247 -$353,072	$5,247,483
15	$9,268,111	-$3,389,531 -$370,724	$5,507,856
16	$9,731,501	-$3,560,986 -$389,260	$5,781,255
17	$10,217,905	-$3,740,955 -$408,716	$6,068,234
18	$10,728,878	-$3,930,015 -$429,155	$6,369,708
19	$11,265,353	-$4,128,511 -$450,614	$6,686,228
20	$11,828,574	-$4,336,903 -$473,143	$7,018,528
21	$12,420,096	-$4,555,766 -$496,804	$7,367,526
22	$13,041,163	-$4,785,561 -$521,647	$7,733,955
23	$13,693,019	-$5,026,747 -$547,721	$8,118,551
24	$14,377,841	-$5,280,132 -$575,114	$8,522,595
25	$15,096,562	-$5,546,058 -$603,862	$8,946,642
26	$15,851,670	-$5,825,448 -$634,067	$9,392,155
27	$16,644,098	-$6,118,647 -$665,764	$9,859,687
28	$17,476,334	-$6,426,574 -$699,053	$10,350,707
29	$18,350,244	-$6,749,921 -$734,010	$10,866,313
30	$19,267,694	-$7,089,377 -$770,708	$11,407,609