Colorado Lottery

COLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Oct 13, 2025 is estimated to be $258 Million, with a cash option of 120.8 Million. If you win the Powerball 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 Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Colorado Powerball Jackpot/Cash Option for Mon Oct 13, 2025

Draw Date	Jackpot	Cash Option
Mon Oct 13, 2025	$258,000,000	$120,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$120,800,000
Federal Tax(24%)	$28,992,000
Additional Federal Tax	$15,664,330
State Tax(4%)	$4,832,000
Net Lumpsum Payment	$71,311,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,883,158	-$1,397,099 -$155,326	$2,330,733
2	$4,077,432	-$1,468,980 -$163,097	$2,445,355
3	$4,281,252	-$1,544,394 -$171,250	$2,565,608
4	$4,495,392	-$1,623,625 -$179,816	$2,691,951
5	$4,720,110	-$1,706,771 -$188,804	$2,824,535
6	$4,956,180	-$1,794,117 -$198,247	$2,963,816
7	$5,203,860	-$1,885,759 -$208,154	$3,109,947
8	$5,464,182	-$1,982,078 -$218,567	$3,263,537
9	$5,737,404	-$2,083,170 -$229,496	$3,424,738
10	$6,024,300	-$2,189,321 -$240,972	$3,594,007
11	$6,325,386	-$2,300,723 -$253,015	$3,771,648
12	$6,641,694	-$2,417,757 -$265,668	$3,958,269
13	$6,973,740	-$2,540,614 -$278,950	$4,154,176
14	$7,322,556	-$2,669,676 -$292,902	$4,359,978
15	$7,688,658	-$2,805,134 -$307,546	$4,575,978
16	$8,073,078	-$2,947,369 -$322,923	$4,802,786
17	$8,476,590	-$3,096,669 -$339,064	$5,040,857
18	$8,900,484	-$3,253,509 -$356,019	$5,290,956
19	$9,345,534	-$3,418,178 -$373,821	$5,553,535
20	$9,812,772	-$3,591,056 -$392,511	$5,829,205
21	$10,303,488	-$3,772,621 -$412,140	$6,118,727
22	$10,818,714	-$3,963,255 -$432,749	$6,422,710
23	$11,359,482	-$4,163,339 -$454,379	$6,741,764
24	$11,927,598	-$4,373,542 -$477,104	$7,076,952
25	$12,523,836	-$4,594,150 -$500,953	$7,428,733
26	$13,150,260	-$4,825,927 -$526,010	$7,798,323
27	$13,807,644	-$5,069,159 -$552,306	$8,186,179
28	$14,498,052	-$5,324,610 -$579,922	$8,593,520
29	$15,223,032	-$5,592,852 -$608,921	$9,021,259
30	$15,984,132	-$5,874,459 -$639,365	$9,470,308