Colorado Lottery

COLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jul 7, 2025 is estimated to be $203 Million, with a cash option of 92.5 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 Jul 7, 2025

Draw Date	Jackpot	Cash Option
Mon Jul 7, 2025	$203,000,000	$92,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$92,500,000
Federal Tax(24%)	$22,200,000
Additional Federal Tax	$11,985,330
State Tax(4%)	$3,700,000
Net Lumpsum Payment	$54,614,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,055,353	-$1,090,811 -$122,214	$1,842,328
2	$3,208,212	-$1,147,369 -$128,328	$1,932,515
3	$3,368,582	-$1,206,706 -$134,743	$2,027,133
4	$3,537,072	-$1,269,047 -$141,483	$2,126,542
5	$3,713,885	-$1,334,468 -$148,555	$2,230,862
6	$3,899,630	-$1,403,193 -$155,985	$2,340,452
7	$4,094,510	-$1,475,299 -$163,780	$2,455,431
8	$4,299,337	-$1,551,085 -$171,973	$2,576,279
9	$4,514,314	-$1,630,627 -$180,573	$2,703,114
10	$4,740,050	-$1,714,149 -$189,602	$2,836,299
11	$4,976,951	-$1,801,802 -$199,078	$2,976,071
12	$5,225,829	-$1,893,887 -$209,033	$3,122,909
13	$5,487,090	-$1,990,554 -$219,484	$3,277,052
14	$5,761,546	-$2,092,102 -$230,462	$3,438,982
15	$6,049,603	-$2,198,683 -$241,984	$3,608,936
16	$6,352,073	-$2,310,597 -$254,083	$3,787,393
17	$6,669,565	-$2,428,069 -$266,783	$3,974,713
18	$7,003,094	-$2,551,475 -$280,124	$4,171,495
19	$7,353,269	-$2,681,040 -$294,131	$4,378,098
20	$7,720,902	-$2,817,064 -$308,836	$4,595,002
21	$8,107,008	-$2,959,923 -$324,280	$4,822,805
22	$8,512,399	-$3,109,918 -$340,496	$5,061,985
23	$8,937,887	-$3,267,349 -$357,515	$5,313,023
24	$9,384,893	-$3,432,741 -$375,396	$5,576,756
25	$9,854,026	-$3,606,320 -$394,161	$5,853,545
26	$10,346,910	-$3,788,687 -$413,876	$6,144,347
27	$10,864,154	-$3,980,067 -$434,566	$6,449,521
28	$11,407,382	-$4,181,062 -$456,295	$6,770,025
29	$11,977,812	-$4,392,121 -$479,112	$7,106,579
30	$12,576,662	-$4,613,695 -$503,066	$7,459,901