Colorado Lottery

COLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Mar 29, 2025 is estimated to be $515 Million, with a cash option of 242.7 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 Mar 29, 2025

Draw Date	Jackpot	Cash Option
Sat Mar 29, 2025	$515,000,000	$242,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$242,700,000
Federal Tax(24%)	$58,248,000
Additional Federal Tax	$31,511,330
State Tax(4%)	$9,708,000
Net Lumpsum Payment	$143,232,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,751,265	-$2,828,298 -$310,051	$4,612,916
2	$8,139,060	-$2,971,783 -$325,562	$4,841,715
3	$8,545,910	-$3,122,317 -$341,836	$5,081,757
4	$8,973,360	-$3,280,474 -$358,934	$5,333,952
5	$9,421,925	-$3,446,443 -$376,877	$5,598,605
6	$9,893,150	-$3,620,796 -$395,726	$5,876,628
7	$10,387,550	-$3,803,724 -$415,502	$6,168,324
8	$10,907,185	-$3,995,989 -$436,287	$6,474,909
9	$11,452,570	-$4,197,781 -$458,103	$6,796,686
10	$12,025,250	-$4,409,673 -$481,010	$7,134,567
11	$12,626,255	-$4,632,045 -$505,050	$7,489,160
12	$13,257,645	-$4,865,659 -$530,306	$7,861,680
13	$13,920,450	-$5,110,897 -$556,818	$8,252,735
14	$14,616,730	-$5,368,520 -$584,669	$8,663,541
15	$15,347,515	-$5,638,911 -$613,901	$9,094,703
16	$16,114,865	-$5,922,830 -$644,595	$9,547,440
17	$16,920,325	-$6,220,851 -$676,813	$10,022,661
18	$17,766,470	-$6,533,924 -$710,659	$10,521,887
19	$18,654,845	-$6,862,623 -$746,194	$11,046,028
20	$19,587,510	-$7,207,709 -$783,500	$11,596,301
21	$20,567,040	-$7,570,135 -$822,682	$12,174,223
22	$21,595,495	-$7,950,664 -$863,820	$12,781,011
23	$22,674,935	-$8,350,056 -$906,997	$13,417,882
24	$23,808,965	-$8,769,647 -$952,359	$14,086,959
25	$24,999,130	-$9,210,008 -$999,965	$14,789,157
26	$26,249,550	-$9,672,664 -$1,049,982	$15,526,904
27	$27,561,770	-$10,158,185 -$1,102,471	$16,301,114
28	$28,939,910	-$10,668,097 -$1,157,596	$17,114,217
29	$30,387,060	-$11,203,543 -$1,215,482	$17,968,035
30	$31,906,310	-$11,765,665 -$1,276,252	$18,864,393