The jackpot for the Powerball draw on Sat Feb 28, 2026, is projected to be $238 Million, with an option for a cash payout of $110.9 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Colorado residents, the state will deduct 4% from your lottery earnings.
| Colorado Powerball Jackpot/Cash Option for Sat Feb 28, 2026 |
|---|
| Draw Date | Sat Feb 28, 2026 | | Projected Jackpot | $238,000,000 | | Cash Value | $110,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $110,900,000 | | Federal Tax(24%) | $26,616,000 | | Additional Federal Tax | $14,377,330 | | State Tax(4%) | $4,436,000 | | Net Lumpsum Payment | $65,470,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,582,138 |
$1,285,721
$143,286 |
$2,153,131 |
| 2 |
$3,761,352 |
$1,352,031
$150,454 |
$2,258,867 |
| 3 |
$3,949,372 |
$1,421,598
$157,975 |
$2,369,799 |
| 4 |
$4,146,912 |
$1,494,688
$165,876 |
$2,486,348 |
| 5 |
$4,354,210 |
$1,571,388
$174,168 |
$2,608,654 |
| 6 |
$4,571,980 |
$1,651,963
$182,879 |
$2,737,138 |
| 7 |
$4,800,460 |
$1,736,501
$192,018 |
$2,871,941 |
| 8 |
$5,040,602 |
$1,825,353
$201,624 |
$3,013,625 |
| 9 |
$5,292,644 |
$1,918,609
$211,706 |
$3,162,329 |
| 10 |
$5,557,300 |
$2,016,531
$222,292 |
$3,318,477 |
| 11 |
$5,835,046 |
$2,119,297
$233,402 |
$3,482,347 |
| 12 |
$6,126,834 |
$2,227,259
$245,073 |
$3,654,502 |
| 13 |
$6,433,140 |
$2,340,592
$257,326 |
$3,835,222 |
| 14 |
$6,754,916 |
$2,459,649
$270,197 |
$4,025,070 |
| 15 |
$7,092,638 |
$2,584,606
$283,706 |
$4,224,326 |
| 16 |
$7,447,258 |
$2,715,816
$297,890 |
$4,433,552 |
| 17 |
$7,819,490 |
$2,853,542
$312,780 |
$4,653,168 |
| 18 |
$8,210,524 |
$2,998,224
$328,421 |
$4,883,879 |
| 19 |
$8,621,074 |
$3,150,128
$344,843 |
$5,126,103 |
| 20 |
$9,052,092 |
$3,309,604
$362,084 |
$5,380,404 |
| 21 |
$9,504,768 |
$3,477,095
$380,191 |
$5,647,482 |
| 22 |
$9,980,054 |
$3,652,950
$399,202 |
$5,927,902 |
| 23 |
$10,478,902 |
$3,837,524
$419,156 |
$6,222,222 |
| 24 |
$11,002,978 |
$4,031,432
$440,119 |
$6,531,427 |
| 25 |
$11,552,996 |
$4,234,939
$462,120 |
$6,855,937 |
| 26 |
$12,130,860 |
$4,448,749
$485,234 |
$7,196,877 |
| 27 |
$12,737,284 |
$4,673,125
$509,491 |
$7,554,668 |
| 28 |
$13,374,172 |
$4,908,774
$534,967 |
$7,930,431 |
| 29 |
$14,042,952 |
$5,156,223
$561,718 |
$8,325,011 |
| 30 |
$14,745,052 |
$5,416,000
$589,802 |
$8,739,250 |
|
|
