The jackpot for the Powerball draw on Mon Dec 29, 2025, is projected to be $33 Million, with an option for a cash payout of $15.2 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 Mon Dec 29, 2025 |
|---|
| Draw Date | Mon Dec 29, 2025 | | Projected Jackpot | $33,000,000 | | Cash Value | $15,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| 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 |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
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 |
|
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