The jackpot for the Powerball draw on Mon Jul 14, 2025, is projected to be $248 Million, with an option for a cash payout of $112.4 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 Jul 14, 2025 |
|---|
| Draw Date | Mon Jul 14, 2025 | | Projected Jackpot | $248,000,000 | | Cash Value | $112,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $112,400,000 | | Federal Tax(24%) | $26,976,000 | | Additional Federal Tax | $14,572,330 | | State Tax(4%) | $4,496,000 | | Net Lumpsum Payment | $66,355,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,732,648 |
$1,341,410
$149,306 |
$2,241,932 |
| 2 |
$3,919,392 |
$1,410,505
$156,776 |
$2,352,111 |
| 3 |
$4,115,312 |
$1,482,996
$164,612 |
$2,467,704 |
| 4 |
$4,321,152 |
$1,559,157
$172,846 |
$2,589,149 |
| 5 |
$4,537,160 |
$1,639,080
$181,486 |
$2,716,594 |
| 6 |
$4,764,080 |
$1,723,040
$190,563 |
$2,850,477 |
| 7 |
$5,002,160 |
$1,811,130
$200,086 |
$2,990,944 |
| 8 |
$5,252,392 |
$1,903,715
$210,096 |
$3,138,581 |
| 9 |
$5,515,024 |
$2,000,889
$220,601 |
$3,293,534 |
| 10 |
$5,790,800 |
$2,102,926
$231,632 |
$3,456,242 |
| 11 |
$6,080,216 |
$2,210,010
$243,209 |
$3,626,997 |
| 12 |
$6,384,264 |
$2,322,508
$255,371 |
$3,806,385 |
| 13 |
$6,703,440 |
$2,440,603
$268,138 |
$3,994,699 |
| 14 |
$7,038,736 |
$2,564,663
$281,549 |
$4,192,524 |
| 15 |
$7,390,648 |
$2,694,870
$295,626 |
$4,400,152 |
| 16 |
$7,760,168 |
$2,831,593
$310,407 |
$4,618,168 |
| 17 |
$8,148,040 |
$2,975,105
$325,922 |
$4,847,013 |
| 18 |
$8,555,504 |
$3,125,867
$342,220 |
$5,087,417 |
| 19 |
$8,983,304 |
$3,284,153
$359,332 |
$5,339,819 |
| 20 |
$9,432,432 |
$3,450,330
$377,297 |
$5,604,805 |
| 21 |
$9,904,128 |
$3,624,858
$396,165 |
$5,883,105 |
| 22 |
$10,399,384 |
$3,808,102
$415,975 |
$6,175,307 |
| 23 |
$10,919,192 |
$4,000,431
$436,768 |
$6,481,993 |
| 24 |
$11,465,288 |
$4,202,487
$458,612 |
$6,804,189 |
| 25 |
$12,038,416 |
$4,414,544
$481,537 |
$7,142,335 |
| 26 |
$12,640,560 |
$4,637,338
$505,622 |
$7,497,600 |
| 27 |
$13,272,464 |
$4,871,142
$530,899 |
$7,870,423 |
| 28 |
$13,936,112 |
$5,116,692
$557,444 |
$8,261,976 |
| 29 |
$14,632,992 |
$5,374,537
$585,320 |
$8,673,135 |
| 30 |
$15,364,592 |
$5,645,229
$614,584 |
$9,104,779 |
|
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