The jackpot for the Powerball draw on Wed Jul 9, 2025, is projected to be $216 Million, with an option for a cash payout of $98.4 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 9, 2025 |
|---|
| Draw Date | Wed Jul 9, 2025 | | Projected Jackpot | $216,000,000 | | Cash Value | $98,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $98,400,000 | | Federal Tax(24%) | $23,616,000 | | Additional Federal Tax | $12,752,330 | | State Tax(4%) | $3,936,000 | | Net Lumpsum Payment | $58,095,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,251,016 |
$1,163,206
$130,041 |
$1,957,769 |
| 2 |
$3,413,664 |
$1,223,386
$136,547 |
$2,053,731 |
| 3 |
$3,584,304 |
$1,286,523
$143,372 |
$2,154,409 |
| 4 |
$3,763,584 |
$1,352,856
$150,543 |
$2,260,185 |
| 5 |
$3,951,720 |
$1,422,467
$158,069 |
$2,371,184 |
| 6 |
$4,149,360 |
$1,495,594
$165,974 |
$2,487,792 |
| 7 |
$4,356,720 |
$1,572,317
$174,269 |
$2,610,134 |
| 8 |
$4,574,664 |
$1,652,956
$182,987 |
$2,738,721 |
| 9 |
$4,803,408 |
$1,737,591
$192,136 |
$2,873,681 |
| 10 |
$5,043,600 |
$1,826,462
$201,744 |
$3,015,394 |
| 11 |
$5,295,672 |
$1,919,729
$211,827 |
$3,164,116 |
| 12 |
$5,560,488 |
$2,017,711
$222,420 |
$3,320,357 |
| 13 |
$5,838,480 |
$2,120,568
$233,539 |
$3,484,373 |
| 14 |
$6,130,512 |
$2,228,620
$245,220 |
$3,656,672 |
| 15 |
$6,437,016 |
$2,342,026
$257,481 |
$3,837,509 |
| 16 |
$6,758,856 |
$2,461,107
$270,354 |
$4,027,395 |
| 17 |
$7,096,680 |
$2,586,102
$283,867 |
$4,226,711 |
| 18 |
$7,451,568 |
$2,717,411
$298,063 |
$4,436,094 |
| 19 |
$7,824,168 |
$2,855,273
$312,967 |
$4,655,928 |
| 20 |
$8,215,344 |
$3,000,008
$328,614 |
$4,886,722 |
| 21 |
$8,626,176 |
$3,152,016
$345,047 |
$5,129,113 |
| 22 |
$9,057,528 |
$3,311,616
$362,301 |
$5,383,611 |
| 23 |
$9,510,264 |
$3,479,128
$380,411 |
$5,650,725 |
| 24 |
$9,985,896 |
$3,655,112
$399,436 |
$5,931,348 |
| 25 |
$10,485,072 |
$3,839,807
$419,403 |
$6,225,862 |
| 26 |
$11,009,520 |
$4,033,853
$440,381 |
$6,535,286 |
| 27 |
$11,559,888 |
$4,237,489
$462,396 |
$6,860,003 |
| 28 |
$12,137,904 |
$4,451,355
$485,516 |
$7,201,033 |
| 29 |
$12,744,864 |
$4,675,930
$509,795 |
$7,559,139 |
| 30 |
$13,382,064 |
$4,911,694
$535,283 |
$7,935,087 |
|
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