The jackpot for the Powerball draw on Sat Mar 21, 2026, is projected to be $120 Million, with an option for a cash payout of $54.6 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 Mar 21, 2026 |
|---|
| Draw Date | Sat Mar 21, 2026 | | Projected Jackpot | $120,000,000 | | Cash Value | $54,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $54,600,000 | | Federal Tax(24%) | $13,104,000 | | Additional Federal Tax | $7,058,330 | | State Tax(4%) | $2,184,000 | | Net Lumpsum Payment | $32,253,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,806,120 |
$628,595
$72,245 |
$1,105,280 |
| 2 |
$1,896,480 |
$662,028
$75,859 |
$1,158,593 |
| 3 |
$1,991,280 |
$697,104
$79,651 |
$1,214,525 |
| 4 |
$2,090,880 |
$733,956
$83,635 |
$1,273,289 |
| 5 |
$2,195,400 |
$772,628
$87,816 |
$1,334,956 |
| 6 |
$2,305,200 |
$813,254
$92,208 |
$1,399,738 |
| 7 |
$2,420,400 |
$855,878
$96,816 |
$1,467,706 |
| 8 |
$2,541,480 |
$900,678
$101,659 |
$1,539,143 |
| 9 |
$2,668,560 |
$947,698
$106,742 |
$1,614,120 |
| 10 |
$2,802,000 |
$997,070
$112,080 |
$1,692,850 |
| 11 |
$2,942,040 |
$1,048,885
$117,682 |
$1,775,473 |
| 12 |
$3,089,160 |
$1,103,320
$123,566 |
$1,862,274 |
| 13 |
$3,243,600 |
$1,160,462
$129,744 |
$1,953,394 |
| 14 |
$3,405,840 |
$1,220,491
$136,234 |
$2,049,115 |
| 15 |
$3,576,120 |
$1,283,495
$143,045 |
$2,149,580 |
| 16 |
$3,754,920 |
$1,349,651
$150,197 |
$2,255,072 |
| 17 |
$3,942,600 |
$1,419,092
$157,704 |
$2,365,804 |
| 18 |
$4,139,760 |
$1,492,042
$165,590 |
$2,482,128 |
| 19 |
$4,346,760 |
$1,568,632
$173,870 |
$2,604,258 |
| 20 |
$4,564,080 |
$1,649,040
$182,563 |
$2,732,477 |
| 21 |
$4,792,320 |
$1,733,489
$191,693 |
$2,867,138 |
| 22 |
$5,031,960 |
$1,822,156
$201,278 |
$3,008,526 |
| 23 |
$5,283,480 |
$1,915,218
$211,339 |
$3,156,923 |
| 24 |
$5,547,720 |
$2,012,987
$221,909 |
$3,312,824 |
| 25 |
$5,825,040 |
$2,115,595
$233,002 |
$3,476,443 |
| 26 |
$6,116,400 |
$2,223,398
$244,656 |
$3,648,346 |
| 27 |
$6,422,160 |
$2,336,530
$256,886 |
$3,828,744 |
| 28 |
$6,743,280 |
$2,455,344
$269,731 |
$4,018,205 |
| 29 |
$7,080,480 |
$2,580,108
$283,219 |
$4,217,153 |
| 30 |
$7,434,480 |
$2,711,088
$297,379 |
$4,426,013 |
|
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