Colorado Lottery

COLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jun 9, 2025 is estimated to be $54 Million, with a cash option of 24.3 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 Jun 9, 2025

Draw Date	Jackpot	Cash Option
Mon Jun 9, 2025	$54,000,000	$24,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$24,300,000
Federal Tax(24%)	$5,832,000
Additional Federal Tax	$3,119,330
State Tax(4%)	$972,000
Net Lumpsum Payment	$14,376,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$812,754	-$261,049 -$32,510	$519,195
2	$853,416	-$276,094 -$34,137	$543,185
3	$896,076	-$291,879 -$35,843	$568,354
4	$940,896	-$308,462 -$37,636	$594,798
5	$987,930	-$325,864 -$39,517	$622,549
6	$1,037,340	-$344,146 -$41,494	$651,700
7	$1,089,180	-$363,327 -$43,567	$682,286
8	$1,143,666	-$383,487 -$45,747	$714,432
9	$1,200,852	-$404,646 -$48,034	$748,172
10	$1,260,900	-$426,863 -$50,436	$783,601
11	$1,323,918	-$450,180 -$52,957	$820,781
12	$1,390,122	-$474,676 -$55,605	$859,841
13	$1,459,620	-$500,390 -$58,385	$900,845
14	$1,532,628	-$527,403 -$61,305	$943,920
15	$1,609,254	-$555,754 -$64,370	$989,130
16	$1,689,714	-$585,525 -$67,589	$1,036,600
17	$1,774,170	-$616,773 -$70,967	$1,086,430
18	$1,862,892	-$649,600 -$74,516	$1,138,776
19	$1,956,042	-$684,066 -$78,242	$1,193,734
20	$2,053,836	-$720,250 -$82,153	$1,251,433
21	$2,156,544	-$758,252 -$86,262	$1,312,030
22	$2,264,382	-$798,152 -$90,575	$1,375,655
23	$2,377,566	-$840,030 -$95,103	$1,442,433
24	$2,496,474	-$884,026 -$99,859	$1,512,589
25	$2,621,268	-$930,200 -$104,851	$1,586,217
26	$2,752,380	-$978,711 -$110,095	$1,663,574
27	$2,889,972	-$1,029,620 -$115,599	$1,744,753
28	$3,034,476	-$1,083,087 -$121,379	$1,830,010
29	$3,186,216	-$1,139,230 -$127,449	$1,919,537
30	$3,345,516	-$1,198,171 -$133,821	$2,013,524