Colorado Lottery

COLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Jul 30, 2025 is estimated to be $384 Million, with a cash option of 173.1 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 Wed Jul 30, 2025

Draw Date	Jackpot	Cash Option
Wed Jul 30, 2025	$384,000,000	$173,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$173,100,000
Federal Tax(24%)	$41,544,000
Additional Federal Tax	$22,463,330
State Tax(4%)	$6,924,000
Net Lumpsum Payment	$102,168,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,779,584	-$2,098,776 -$231,183	$3,449,625
2	$6,068,736	-$2,205,763 -$242,749	$3,620,224
3	$6,372,096	-$2,318,006 -$254,884	$3,799,206
4	$6,690,816	-$2,435,932 -$267,633	$3,987,251
5	$7,025,280	-$2,559,684 -$281,011	$4,184,585
6	$7,376,640	-$2,689,687 -$295,066	$4,391,887
7	$7,745,280	-$2,826,084 -$309,811	$4,609,385
8	$8,132,736	-$2,969,443 -$325,309	$4,837,984
9	$8,539,392	-$3,119,905 -$341,576	$5,077,911
10	$8,966,400	-$3,277,898 -$358,656	$5,329,846
11	$9,414,528	-$3,443,706 -$376,581	$5,594,241
12	$9,885,312	-$3,617,896 -$395,412	$5,872,004
13	$10,379,520	-$3,800,753 -$415,181	$6,163,586
14	$10,898,688	-$3,992,845 -$435,948	$6,469,895
15	$11,443,584	-$4,194,456 -$457,743	$6,791,385
16	$12,015,744	-$4,406,156 -$480,630	$7,128,958
17	$12,616,320	-$4,628,369 -$504,653	$7,483,298
18	$13,247,232	-$4,861,806 -$529,889	$7,855,537
19	$13,909,632	-$5,106,894 -$556,385	$8,246,353
20	$14,605,056	-$5,364,201 -$584,202	$8,656,653
21	$15,335,424	-$5,634,437 -$613,417	$9,087,570
22	$16,102,272	-$5,918,171 -$644,091	$9,540,010
23	$16,907,136	-$6,215,971 -$676,285	$10,014,880
24	$17,752,704	-$6,528,831 -$710,108	$10,513,765
25	$18,640,128	-$6,857,178 -$745,605	$11,037,345
26	$19,572,480	-$7,202,148 -$782,899	$11,587,433
27	$20,550,912	-$7,564,168 -$822,036	$12,164,708
28	$21,578,496	-$7,944,374 -$863,140	$12,770,982
29	$22,657,536	-$8,343,619 -$906,301	$13,407,616
30	$23,790,336	-$8,762,755 -$951,613	$14,075,968