Colorado Lottery

COLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Apr 26, 2025 is estimated to be $168 Million, with a cash option of 77.1 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 Sat Apr 26, 2025

Draw Date	Jackpot	Cash Option
Sat Apr 26, 2025	$168,000,000	$77,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$77,100,000
Federal Tax(24%)	$18,504,000
Additional Federal Tax	$9,983,330
State Tax(4%)	$3,084,000
Net Lumpsum Payment	$45,528,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,528,568	-$895,901 -$101,143	$1,531,524
2	$2,655,072	-$942,707 -$106,203	$1,606,162
3	$2,787,792	-$991,813 -$111,512	$1,684,467
4	$2,927,232	-$1,043,406 -$117,089	$1,766,737
5	$3,073,560	-$1,097,548 -$122,942	$1,853,070
6	$3,227,280	-$1,154,424 -$129,091	$1,943,765
7	$3,388,560	-$1,214,098 -$135,542	$2,038,920
8	$3,558,072	-$1,276,817 -$142,323	$2,138,932
9	$3,735,984	-$1,342,644 -$149,439	$2,243,901
10	$3,922,800	-$1,411,766 -$156,912	$2,354,122
11	$4,118,856	-$1,484,307 -$164,754	$2,469,795
12	$4,324,824	-$1,560,515 -$172,993	$2,591,316
13	$4,541,040	-$1,640,515 -$181,642	$2,718,883
14	$4,768,176	-$1,724,556 -$190,727	$2,852,893
15	$5,006,568	-$1,812,761 -$200,263	$2,993,544
16	$5,256,888	-$1,905,379 -$210,276	$3,141,233
17	$5,519,640	-$2,002,597 -$220,786	$3,296,257
18	$5,795,664	-$2,104,726 -$231,827	$3,459,111
19	$6,085,464	-$2,211,952 -$243,419	$3,630,093
20	$6,389,712	-$2,324,524 -$255,588	$3,809,600
21	$6,709,248	-$2,442,752 -$268,370	$3,998,126
22	$7,044,744	-$2,566,886 -$281,790	$4,196,068
23	$7,396,872	-$2,697,173 -$295,875	$4,403,824
24	$7,766,808	-$2,834,049 -$310,672	$4,622,087
25	$8,155,056	-$2,977,701 -$326,202	$4,851,153
26	$8,562,960	-$3,128,626 -$342,518	$5,091,816
27	$8,991,024	-$3,287,009 -$359,641	$5,344,374
28	$9,440,592	-$3,453,349 -$377,624	$5,609,619
29	$9,912,672	-$3,628,019 -$396,507	$5,888,146
30	$10,408,272	-$3,811,391 -$416,331	$6,180,550