Colorado Lottery

COLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Feb 27, 2026 is estimated to be $458 Million, with a cash option of 212.4 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 Fri Feb 27, 2026

Draw Date	Jackpot	Cash Option
Fri Feb 27, 2026	$458,000,000	$212,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$212,400,000
Federal Tax(24%)	$50,976,000
Additional Federal Tax	$27,572,330
State Tax(4%)	$8,496,000
Net Lumpsum Payment	$125,355,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,893,358	-$2,510,873 -$275,734	$4,106,751
2	$7,238,232	-$2,638,476 -$289,529	$4,310,227
3	$7,600,052	-$2,772,350 -$304,002	$4,523,700
4	$7,980,192	-$2,913,001 -$319,208	$4,747,983
5	$8,379,110	-$3,060,601 -$335,164	$4,983,345
6	$8,798,180	-$3,215,657 -$351,927	$5,230,596
7	$9,237,860	-$3,378,339 -$369,514	$5,490,007
8	$9,699,982	-$3,549,324 -$387,999	$5,762,659
9	$10,185,004	-$3,728,782 -$407,400	$6,048,822
10	$10,694,300	-$3,917,221 -$427,772	$6,349,307
11	$11,228,786	-$4,114,981 -$449,151	$6,664,654
12	$11,790,294	-$4,322,739 -$471,612	$6,995,943
13	$12,379,740	-$4,540,834 -$495,190	$7,343,716
14	$12,998,956	-$4,769,944 -$519,958	$7,709,054
15	$13,648,858	-$5,010,408 -$545,954	$8,092,496
16	$14,331,278	-$5,262,903 -$573,251	$8,495,124
17	$15,047,590	-$5,527,939 -$601,904	$8,917,747
18	$15,800,084	-$5,806,361 -$632,003	$9,361,720
19	$16,590,134	-$6,098,680 -$663,605	$9,827,849
20	$17,419,572	-$6,405,572 -$696,783	$10,317,217
21	$18,290,688	-$6,727,885 -$731,628	$10,831,175
22	$19,205,314	-$7,066,297 -$768,213	$11,370,804
23	$20,165,282	-$7,421,485 -$806,611	$11,937,186
24	$21,173,798	-$7,794,636 -$846,952	$12,532,210
25	$22,232,236	-$8,186,258 -$889,289	$13,156,689
26	$23,344,260	-$8,597,707 -$933,770	$13,812,783
27	$24,511,244	-$9,029,491 -$980,450	$14,501,303
28	$25,736,852	-$9,482,966 -$1,029,474	$15,224,412
29	$27,023,832	-$9,959,148 -$1,080,953	$15,983,731
30	$28,374,932	-$10,459,055 -$1,134,997	$16,780,880