Colorado Lottery

COLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 10, 2025 is estimated to be $243 Million, with a cash option of 108 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 Jun 10, 2025

Draw Date	Jackpot	Cash Option
Tue Jun 10, 2025	$243,000,000	$108,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$108,000,000
Federal Tax(24%)	$25,920,000
Additional Federal Tax	$14,000,330
State Tax(4%)	$4,320,000
Net Lumpsum Payment	$63,759,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,657,393	-$1,313,566 -$146,296	$2,197,531
2	$3,840,372	-$1,381,268 -$153,615	$2,305,489
3	$4,032,342	-$1,452,297 -$161,294	$2,418,751
4	$4,234,032	-$1,526,922 -$169,361	$2,537,749
5	$4,445,685	-$1,605,234 -$177,827	$2,662,624
6	$4,668,030	-$1,687,501 -$186,721	$2,793,808
7	$4,901,310	-$1,773,815 -$196,052	$2,931,443
8	$5,146,497	-$1,864,534 -$205,860	$3,076,103
9	$5,403,834	-$1,959,749 -$216,153	$3,227,932
10	$5,674,050	-$2,059,729 -$226,962	$3,387,359
11	$5,957,631	-$2,164,654 -$238,305	$3,554,672
12	$6,255,549	-$2,274,884 -$250,222	$3,730,443
13	$6,568,290	-$2,390,598 -$262,732	$3,914,960
14	$6,896,826	-$2,512,156 -$275,873	$4,108,797
15	$7,241,643	-$2,639,738 -$289,666	$4,312,239
16	$7,603,713	-$2,773,704 -$304,149	$4,525,860
17	$7,983,765	-$2,914,323 -$319,351	$4,750,091
18	$8,383,014	-$3,062,046 -$335,321	$4,985,647
19	$8,802,189	-$3,217,140 -$352,088	$5,232,961
20	$9,242,262	-$3,379,967 -$369,690	$5,492,605
21	$9,704,448	-$3,550,976 -$388,178	$5,765,294
22	$10,189,719	-$3,730,526 -$407,589	$6,051,604
23	$10,699,047	-$3,918,978 -$427,962	$6,352,107
24	$11,234,133	-$4,116,960 -$449,365	$6,667,808
25	$11,795,706	-$4,324,742 -$471,828	$6,999,136
26	$12,385,710	-$4,543,043 -$495,428	$7,347,239
27	$13,004,874	-$4,772,134 -$520,195	$7,712,545
28	$13,655,142	-$5,012,733 -$546,206	$8,096,203
29	$14,337,972	-$5,265,380 -$573,519	$8,499,073
30	$15,054,822	-$5,530,615 -$602,193	$8,922,014