Colorado Lottery

COLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Feb 6, 2026 is estimated to be $346 Million, with a cash option of 156.1 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 6, 2026

Draw Date	Jackpot	Cash Option
Fri Feb 6, 2026	$346,000,000	$156,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$156,100,000
Federal Tax(24%)	$37,464,000
Additional Federal Tax	$20,253,330
State Tax(4%)	$6,244,000
Net Lumpsum Payment	$92,138,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,207,646	-$1,887,159 -$208,306	$3,112,181
2	$5,468,184	-$1,983,558 -$218,727	$3,265,899
3	$5,741,524	-$2,084,694 -$229,661	$3,427,169
4	$6,028,704	-$2,190,951 -$241,148	$3,596,605
5	$6,330,070	-$2,302,456 -$253,203	$3,774,411
6	$6,646,660	-$2,419,595 -$265,866	$3,961,199
7	$6,978,820	-$2,542,494 -$279,153	$4,157,173
8	$7,327,934	-$2,671,666 -$293,117	$4,363,151
9	$7,694,348	-$2,807,239 -$307,774	$4,579,335
10	$8,079,100	-$2,949,597 -$323,164	$4,806,339
11	$8,482,882	-$3,098,997 -$339,315	$5,044,570
12	$8,907,078	-$3,255,949 -$356,283	$5,294,846
13	$9,352,380	-$3,420,711 -$374,095	$5,557,574
14	$9,820,172	-$3,593,794 -$392,807	$5,833,571
15	$10,311,146	-$3,775,454 -$412,446	$6,123,246
16	$10,826,686	-$3,966,204 -$433,067	$6,427,415
17	$11,367,830	-$4,166,427 -$454,713	$6,746,690
18	$11,936,308	-$4,376,764 -$477,452	$7,082,092
19	$12,533,158	-$4,597,599 -$501,326	$7,434,233
20	$13,159,764	-$4,829,443 -$526,391	$7,803,930
21	$13,817,856	-$5,072,937 -$552,714	$8,192,205
22	$14,508,818	-$5,328,593 -$580,353	$8,599,872
23	$15,234,034	-$5,596,923 -$609,361	$9,027,750
24	$15,995,926	-$5,878,823 -$639,837	$9,477,266
25	$16,795,532	-$6,174,677 -$671,821	$9,949,034
26	$17,635,620	-$6,485,510 -$705,425	$10,444,685
27	$18,517,228	-$6,811,705 -$740,689	$10,964,834
28	$19,443,124	-$7,154,286 -$777,725	$11,511,113
29	$20,415,384	-$7,514,022 -$816,615	$12,084,747
30	$21,436,084	-$7,891,681 -$857,443	$12,686,960