The jackpot for the Powerball draw on Sat Feb 7, 2026, is projected to be $102 Million, with an option for a cash payout of $46.1 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 7, 2026 |
|---|
| Draw Date | Sat Feb 7, 2026 | | Projected Jackpot | $102,000,000 | | Cash Value | $46,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $46,100,000 | | Federal Tax(24%) | $11,064,000 | | Additional Federal Tax | $5,953,330 | | State Tax(4%) | $1,844,000 | | Net Lumpsum Payment | $27,238,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,535,202 |
$528,355
$61,408 |
$945,439 |
| 2 |
$1,612,008 |
$556,773
$64,480 |
$990,755 |
| 3 |
$1,692,588 |
$586,588
$67,704 |
$1,038,296 |
| 4 |
$1,777,248 |
$617,912
$71,090 |
$1,088,246 |
| 5 |
$1,866,090 |
$650,784
$74,644 |
$1,140,662 |
| 6 |
$1,959,420 |
$685,316
$78,377 |
$1,195,727 |
| 7 |
$2,057,340 |
$721,546
$82,294 |
$1,253,500 |
| 8 |
$2,160,258 |
$759,626
$86,410 |
$1,314,222 |
| 9 |
$2,268,276 |
$799,593
$90,731 |
$1,377,952 |
| 10 |
$2,381,700 |
$841,559
$95,268 |
$1,444,873 |
| 11 |
$2,500,734 |
$885,602
$100,029 |
$1,515,103 |
| 12 |
$2,625,786 |
$931,871
$105,031 |
$1,588,884 |
| 13 |
$2,757,060 |
$980,443
$110,282 |
$1,666,335 |
| 14 |
$2,894,964 |
$1,031,467
$115,799 |
$1,747,698 |
| 15 |
$3,039,702 |
$1,085,020
$121,588 |
$1,833,094 |
| 16 |
$3,191,682 |
$1,141,253
$127,667 |
$1,922,762 |
| 17 |
$3,351,210 |
$1,200,278
$134,048 |
$2,016,884 |
| 18 |
$3,518,796 |
$1,262,285
$140,752 |
$2,115,759 |
| 19 |
$3,694,746 |
$1,327,386
$147,790 |
$2,219,570 |
| 20 |
$3,879,468 |
$1,395,734
$155,179 |
$2,328,555 |
| 21 |
$4,073,472 |
$1,467,515
$162,939 |
$2,443,018 |
| 22 |
$4,277,166 |
$1,542,882
$171,087 |
$2,563,197 |
| 23 |
$4,490,958 |
$1,621,985
$179,638 |
$2,689,335 |
| 24 |
$4,715,562 |
$1,705,088
$188,622 |
$2,821,852 |
| 25 |
$4,951,284 |
$1,792,305
$198,051 |
$2,960,928 |
| 26 |
$5,198,940 |
$1,883,938
$207,958 |
$3,107,044 |
| 27 |
$5,458,836 |
$1,980,100
$218,353 |
$3,260,383 |
| 28 |
$5,731,788 |
$2,081,092
$229,272 |
$3,421,424 |
| 29 |
$6,018,408 |
$2,187,141
$240,736 |
$3,590,531 |
| 30 |
$6,319,308 |
$2,298,474
$252,772 |
$3,768,062 |
|
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