The jackpot for the Powerball draw on Wed Jul 22, 2026, is projected to be $567 Million, with an option for a cash payout of $251.8 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 Wed Jul 22, 2026 |
|---|
| Draw Date | Wed Jul 22, 2026 | | Projected Jackpot | $567,000,000 | | Cash Value | $251,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $251,800,000 | | Federal Tax(24%) | $60,432,000 | | Additional Federal Tax | $32,694,330 | | State Tax(4%) | $10,072,000 | | Net Lumpsum Payment | $148,601,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,533,917 |
$3,117,880
$341,357 |
$5,074,680 |
| 2 |
$8,960,868 |
$3,275,852
$358,435 |
$5,326,581 |
| 3 |
$9,408,798 |
$3,441,586
$376,352 |
$5,590,860 |
| 4 |
$9,879,408 |
$3,615,711
$395,176 |
$5,868,521 |
| 5 |
$10,373,265 |
$3,798,438
$414,931 |
$6,159,896 |
| 6 |
$10,892,070 |
$3,990,396
$435,683 |
$6,465,991 |
| 7 |
$11,436,390 |
$4,191,795
$457,456 |
$6,787,139 |
| 8 |
$12,008,493 |
$4,403,473
$480,340 |
$7,124,680 |
| 9 |
$12,608,946 |
$4,625,640
$504,358 |
$7,478,948 |
| 10 |
$13,239,450 |
$4,858,927
$529,578 |
$7,850,945 |
| 11 |
$13,901,139 |
$5,103,752
$556,046 |
$8,241,341 |
| 12 |
$14,596,281 |
$5,360,954
$583,851 |
$8,651,476 |
| 13 |
$15,326,010 |
$5,630,954
$613,040 |
$9,082,016 |
| 14 |
$16,092,594 |
$5,914,590
$643,704 |
$9,534,300 |
| 15 |
$16,897,167 |
$6,212,282
$675,887 |
$10,008,998 |
| 16 |
$17,741,997 |
$6,524,869
$709,680 |
$10,507,448 |
| 17 |
$18,628,785 |
$6,852,981
$745,151 |
$11,030,653 |
| 18 |
$19,560,366 |
$7,197,666
$782,415 |
$11,580,285 |
| 19 |
$20,538,441 |
$7,559,554
$821,538 |
$12,157,349 |
| 20 |
$21,565,278 |
$7,939,483
$862,611 |
$12,763,184 |
| 21 |
$22,643,712 |
$8,338,504
$905,748 |
$13,399,460 |
| 22 |
$23,776,011 |
$8,757,454
$951,040 |
$14,067,517 |
| 23 |
$24,964,443 |
$9,197,174
$998,578 |
$14,768,691 |
| 24 |
$26,212,977 |
$9,659,132
$1,048,519 |
$15,505,326 |
| 25 |
$27,523,314 |
$10,143,957
$1,100,933 |
$16,278,424 |
| 26 |
$28,899,990 |
$10,653,327
$1,156,000 |
$17,090,663 |
| 27 |
$30,344,706 |
$11,187,872
$1,213,788 |
$17,943,046 |
| 28 |
$31,861,998 |
$11,749,270
$1,274,480 |
$18,838,248 |
| 29 |
$33,455,268 |
$12,338,780
$1,338,211 |
$19,778,277 |
| 30 |
$35,127,918 |
$12,957,660
$1,405,117 |
$20,765,141 |
|
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