The jackpot for the Powerball draw on Mon Dec 15, 2025, is projected to be $1.10 Billion, with an option for a cash payout of $503.4 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 Mon Dec 15, 2025 |
|---|
| Draw Date | Mon Dec 15, 2025 | | Projected Jackpot | $1,100,000,000 | | Cash Value | $503,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $503,400,000 | | Federal Tax(24%) | $120,816,000 | | Additional Federal Tax | $65,402,330 | | State Tax(4%) | $20,136,000 | | Net Lumpsum Payment | $297,045,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$16,556,100 |
$6,086,087
$662,244 |
$9,807,769 |
| 2 |
$17,384,400 |
$6,392,558
$695,376 |
$10,296,466 |
| 3 |
$18,253,400 |
$6,714,088
$730,136 |
$10,809,176 |
| 4 |
$19,166,400 |
$7,051,898
$766,656 |
$11,347,846 |
| 5 |
$20,124,500 |
$7,406,395
$804,980 |
$11,913,125 |
| 6 |
$21,131,000 |
$7,778,800
$845,240 |
$12,506,960 |
| 7 |
$22,187,000 |
$8,169,520
$887,480 |
$13,130,000 |
| 8 |
$23,296,900 |
$8,580,183
$931,876 |
$13,784,841 |
| 9 |
$24,461,800 |
$9,011,196
$978,472 |
$14,472,132 |
| 10 |
$25,685,000 |
$9,463,780
$1,027,400 |
$15,193,820 |
| 11 |
$26,968,700 |
$9,938,749
$1,078,748 |
$15,951,203 |
| 12 |
$28,317,300 |
$10,437,731
$1,132,692 |
$16,746,877 |
| 13 |
$29,733,000 |
$10,961,540
$1,189,320 |
$17,582,140 |
| 14 |
$31,220,200 |
$11,511,804
$1,248,808 |
$18,459,588 |
| 15 |
$32,781,100 |
$12,089,337
$1,311,244 |
$19,380,519 |
| 16 |
$34,420,100 |
$12,695,767
$1,376,804 |
$20,347,529 |
| 17 |
$36,140,500 |
$13,332,315
$1,445,620 |
$21,362,565 |
| 18 |
$37,947,800 |
$14,001,016
$1,517,912 |
$22,428,872 |
| 19 |
$39,845,300 |
$14,703,091
$1,593,812 |
$23,548,397 |
| 20 |
$41,837,400 |
$15,440,168
$1,673,496 |
$24,723,736 |
| 21 |
$43,929,600 |
$16,214,282
$1,757,184 |
$25,958,134 |
| 22 |
$46,126,300 |
$17,027,061
$1,845,052 |
$27,254,187 |
| 23 |
$48,431,900 |
$17,880,133
$1,937,276 |
$28,614,491 |
| 24 |
$50,854,100 |
$18,776,347
$2,034,164 |
$30,043,589 |
| 25 |
$53,396,200 |
$19,716,924
$2,135,848 |
$31,543,428 |
| 26 |
$56,067,000 |
$20,705,120
$2,242,680 |
$33,119,200 |
| 27 |
$58,869,800 |
$21,742,156
$2,354,792 |
$34,772,852 |
| 28 |
$61,813,400 |
$22,831,288
$2,472,536 |
$36,509,576 |
| 29 |
$64,904,400 |
$23,974,958
$2,596,176 |
$38,333,266 |
| 30 |
$68,149,400 |
$25,175,608
$2,725,976 |
$40,247,816 |
|
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