Colorado Lottery

COLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Feb 10, 2026 is estimated to be $366 Million, with a cash option of 165.6 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 Feb 10, 2026

Draw Date	Jackpot	Cash Option
Tue Feb 10, 2026	$366,000,000	$165,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$165,600,000
Federal Tax(24%)	$39,744,000
Additional Federal Tax	$21,488,330
State Tax(4%)	$6,624,000
Net Lumpsum Payment	$97,743,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,508,666	-$1,998,537 -$220,347	$3,289,782
2	$5,784,264	-$2,100,508 -$231,371	$3,452,385
3	$6,073,404	-$2,207,490 -$242,936	$3,622,978
4	$6,377,184	-$2,319,888 -$255,087	$3,802,209
5	$6,695,970	-$2,437,839 -$267,839	$3,990,292
6	$7,030,860	-$2,561,749 -$281,234	$4,187,877
7	$7,382,220	-$2,691,752 -$295,289	$4,395,179
8	$7,751,514	-$2,828,391 -$310,061	$4,613,062
9	$8,139,108	-$2,971,800 -$325,564	$4,841,744
10	$8,546,100	-$3,122,387 -$341,844	$5,081,869
11	$8,973,222	-$3,280,423 -$358,929	$5,333,870
12	$9,421,938	-$3,446,447 -$376,878	$5,598,613
13	$9,892,980	-$3,620,733 -$395,719	$5,876,528
14	$10,387,812	-$3,803,821 -$415,512	$6,168,479
15	$10,907,166	-$3,995,982 -$436,287	$6,474,897
16	$11,452,506	-$4,197,758 -$458,100	$6,796,648
17	$12,024,930	-$4,409,554 -$480,997	$7,134,379
18	$12,626,268	-$4,632,050 -$505,051	$7,489,167
19	$13,257,618	-$4,865,649 -$530,305	$7,861,664
20	$13,920,444	-$5,110,895 -$556,818	$8,252,731
21	$14,616,576	-$5,368,464 -$584,663	$8,663,449
22	$15,347,478	-$5,638,897 -$613,899	$9,094,682
23	$16,114,614	-$5,922,738 -$644,585	$9,547,291
24	$16,920,546	-$6,220,932 -$676,822	$10,022,792
25	$17,766,372	-$6,533,888 -$710,655	$10,521,829
26	$18,655,020	-$6,862,688 -$746,201	$11,046,131
27	$19,587,588	-$7,207,738 -$783,504	$11,596,346
28	$20,567,004	-$7,570,122 -$822,680	$12,174,202
29	$21,595,464	-$7,950,652 -$863,819	$12,780,993
30	$22,675,164	-$8,350,141 -$907,007	$13,418,016