Colorado Lottery

COLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Apr 11, 2026 is estimated to be $35 Million, with a cash option of 15.9 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 11, 2026

Draw Date	Jackpot	Cash Option
Sat Apr 11, 2026	$35,000,000	$15,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$15,900,000
Federal Tax(24%)	$3,816,000
Additional Federal Tax	$2,027,330
State Tax(4%)	$636,000
Net Lumpsum Payment	$9,420,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$526,785	-$155,241 -$21,071	$350,473
2	$553,140	-$164,992 -$22,126	$366,022
3	$580,790	-$175,223 -$23,232	$382,335
4	$609,840	-$185,971 -$24,394	$399,475
5	$640,325	-$197,251 -$25,613	$417,461
6	$672,350	-$209,100 -$26,894	$436,356
7	$705,950	-$221,532 -$28,238	$456,180
8	$741,265	-$234,598 -$29,651	$477,016
9	$778,330	-$248,312 -$31,133	$498,885
10	$817,250	-$262,713 -$32,690	$521,847
11	$858,095	-$277,826 -$34,324	$545,945
12	$901,005	-$293,702 -$36,040	$571,263
13	$946,050	-$310,369 -$37,842	$597,839
14	$993,370	-$327,877 -$39,735	$625,758
15	$1,043,035	-$346,253 -$41,721	$655,061
16	$1,095,185	-$365,549 -$43,807	$685,829
17	$1,149,925	-$385,803 -$45,997	$718,125
18	$1,207,430	-$407,079 -$48,297	$752,054
19	$1,267,805	-$429,418 -$50,712	$787,675
20	$1,331,190	-$452,871 -$53,248	$825,071
21	$1,397,760	-$477,502 -$55,910	$864,348
22	$1,467,655	-$503,363 -$58,706	$905,586
23	$1,541,015	-$530,506 -$61,641	$948,868
24	$1,618,085	-$559,022 -$64,723	$994,340
25	$1,698,970	-$588,949 -$67,959	$1,042,062
26	$1,783,950	-$620,392 -$71,358	$1,092,200
27	$1,873,130	-$653,388 -$74,925	$1,144,817
28	$1,966,790	-$688,043 -$78,672	$1,200,075
29	$2,065,140	-$724,432 -$82,606	$1,258,102
30	$2,168,390	-$762,635 -$86,736	$1,319,019