Colorado Lottery

COLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Sep 10, 2025 is estimated to be $33 Million, with a cash option of 15.2 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 Sep 10, 2025

Draw Date	Jackpot	Cash Option
Wed Sep 10, 2025	$33,000,000	$15,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$15,200,000
Federal Tax(24%)	$3,648,000
Additional Federal Tax	$1,936,330
State Tax(4%)	$608,000
Net Lumpsum Payment	$9,007,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$496,683	-$144,103 -$19,867	$332,713
2	$521,532	-$153,297 -$20,861	$347,374
3	$547,602	-$162,943 -$21,904	$362,755
4	$574,992	-$173,077 -$23,000	$378,915
5	$603,735	-$183,712 -$24,149	$395,874
6	$633,930	-$194,884 -$25,357	$413,689
7	$665,610	-$206,606 -$26,624	$432,380
8	$698,907	-$218,926 -$27,956	$452,025
9	$733,854	-$231,856 -$29,354	$472,644
10	$770,550	-$245,434 -$30,822	$494,294
11	$809,061	-$259,683 -$32,362	$517,016
12	$849,519	-$274,652 -$33,981	$540,886
13	$891,990	-$290,367 -$35,680	$565,943
14	$936,606	-$306,875 -$37,464	$592,267
15	$983,433	-$324,201 -$39,337	$619,895
16	$1,032,603	-$342,393 -$41,304	$648,906
17	$1,084,215	-$361,490 -$43,369	$679,356
18	$1,138,434	-$381,551 -$45,537	$711,346
19	$1,195,359	-$402,613 -$47,814	$744,932
20	$1,255,122	-$424,726 -$50,205	$780,191
21	$1,317,888	-$447,949 -$52,716	$817,223
22	$1,383,789	-$472,332 -$55,352	$856,105
23	$1,452,957	-$497,924 -$58,118	$896,915
24	$1,525,623	-$524,811 -$61,025	$939,787
25	$1,601,886	-$553,028 -$64,075	$984,783
26	$1,682,010	-$582,674 -$67,280	$1,032,056
27	$1,766,094	-$613,785 -$70,644	$1,081,665
28	$1,854,402	-$646,459 -$74,176	$1,133,767
29	$1,947,132	-$680,769 -$77,885	$1,188,478
30	$2,044,482	-$716,789 -$81,779	$1,245,914