The jackpot for the Powerball draw on Mon Jun 22, 2026, is projected to be $312 Million, with an option for a cash payout of $141.2 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 Jun 22, 2026 |
|---|
| Draw Date | Mon Jun 22, 2026 | | Projected Jackpot | $312,000,000 | | Cash Value | $141,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $141,200,000 | | Federal Tax(24%) | $33,888,000 | | Additional Federal Tax | $18,316,330 | | State Tax(4%) | $5,648,000 | | Net Lumpsum Payment | $83,347,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,695,912 |
$1,697,818
$187,836 |
$2,810,258 |
| 2 |
$4,930,848 |
$1,784,744
$197,234 |
$2,948,870 |
| 3 |
$5,177,328 |
$1,875,942
$207,093 |
$3,094,293 |
| 4 |
$5,436,288 |
$1,971,757
$217,452 |
$3,247,079 |
| 5 |
$5,708,040 |
$2,072,305
$228,322 |
$3,407,413 |
| 6 |
$5,993,520 |
$2,177,933
$239,741 |
$3,575,846 |
| 7 |
$6,293,040 |
$2,288,755
$251,722 |
$3,752,563 |
| 8 |
$6,607,848 |
$2,405,234
$264,314 |
$3,938,300 |
| 9 |
$6,938,256 |
$2,527,485
$277,530 |
$4,133,241 |
| 10 |
$7,285,200 |
$2,655,854
$291,408 |
$4,337,938 |
| 11 |
$7,649,304 |
$2,790,573
$305,972 |
$4,552,759 |
| 12 |
$8,031,816 |
$2,932,102
$321,273 |
$4,778,441 |
| 13 |
$8,433,360 |
$3,080,674
$337,334 |
$5,015,352 |
| 14 |
$8,855,184 |
$3,236,748
$354,207 |
$5,264,229 |
| 15 |
$9,297,912 |
$3,400,558
$371,916 |
$5,525,438 |
| 16 |
$9,762,792 |
$3,572,563
$390,512 |
$5,799,717 |
| 17 |
$10,250,760 |
$3,753,112
$410,030 |
$6,087,618 |
| 18 |
$10,763,376 |
$3,942,780
$430,535 |
$6,390,061 |
| 19 |
$11,301,576 |
$4,141,914
$452,063 |
$6,707,599 |
| 20 |
$11,866,608 |
$4,350,975
$474,664 |
$7,040,969 |
| 21 |
$12,460,032 |
$4,570,542
$498,401 |
$7,391,089 |
| 22 |
$13,083,096 |
$4,801,076
$523,324 |
$7,758,696 |
| 23 |
$13,737,048 |
$5,043,038
$549,482 |
$8,144,528 |
| 24 |
$14,424,072 |
$5,297,237
$576,963 |
$8,549,872 |
| 25 |
$15,145,104 |
$5,564,019
$605,804 |
$8,975,281 |
| 26 |
$15,902,640 |
$5,844,307
$636,106 |
$9,422,227 |
| 27 |
$16,697,616 |
$6,138,448
$667,905 |
$9,891,263 |
| 28 |
$17,532,528 |
$6,447,366
$701,301 |
$10,383,861 |
| 29 |
$18,409,248 |
$6,771,752
$736,370 |
$10,901,126 |
| 30 |
$19,329,648 |
$7,112,300
$773,186 |
$11,444,162 |
|
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