Colorado Lottery

COLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Aug 20, 2025 is estimated to be $643 Million, with a cash option of 290.6 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 Aug 20, 2025

Draw Date	Jackpot	Cash Option
Wed Aug 20, 2025	$643,000,000	$290,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$290,600,000
Federal Tax(24%)	$69,744,000
Additional Federal Tax	$37,738,330
State Tax(4%)	$11,624,000
Net Lumpsum Payment	$171,493,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,677,793	-$3,541,114 -$387,112	$5,749,567
2	$10,161,972	-$3,720,260 -$406,479	$6,035,233
3	$10,669,942	-$3,908,209 -$426,798	$6,334,935
4	$11,203,632	-$4,105,674 -$448,145	$6,649,813
5	$11,763,685	-$4,312,894 -$470,547	$6,980,244
6	$12,352,030	-$4,530,581 -$494,081	$7,327,368
7	$12,969,310	-$4,758,975 -$518,772	$7,691,563
8	$13,618,097	-$4,999,026 -$544,724	$8,074,347
9	$14,299,034	-$5,250,973 -$571,961	$8,476,100
10	$15,014,050	-$5,515,529 -$600,562	$8,897,959
11	$15,764,431	-$5,793,170 -$630,577	$9,340,684
12	$16,552,749	-$6,084,848 -$662,110	$9,805,791
13	$17,380,290	-$6,391,038 -$695,212	$10,294,040
14	$18,249,626	-$6,712,692 -$729,985	$10,806,949
15	$19,162,043	-$7,050,286 -$766,482	$11,345,275
16	$20,120,113	-$7,404,772 -$804,805	$11,910,536
17	$21,125,765	-$7,776,863 -$845,031	$12,503,871
18	$22,182,214	-$8,167,750 -$887,289	$13,127,175
19	$23,291,389	-$8,578,144 -$931,656	$13,781,589
20	$24,455,862	-$9,008,999 -$978,234	$14,468,629
21	$25,678,848	-$9,461,504 -$1,027,154	$15,190,190
22	$26,962,919	-$9,936,610 -$1,078,517	$15,947,792
23	$28,310,647	-$10,435,270 -$1,132,426	$16,742,951
24	$29,726,533	-$10,959,148 -$1,189,061	$17,578,324
25	$31,212,506	-$11,508,958 -$1,248,500	$18,455,048
26	$32,773,710	-$12,086,603 -$1,310,948	$19,376,159
27	$34,412,074	-$12,692,798 -$1,376,483	$20,342,793
28	$36,132,742	-$13,329,445 -$1,445,310	$21,357,987
29	$37,939,572	-$13,997,972 -$1,517,583	$22,424,017
30	$39,836,422	-$14,699,807 -$1,593,457	$23,543,158