The jackpot for the Powerball draw on Sat Sep 19, 2026, is projected to be $298 Million, with an option for a cash payout of $126.6 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 Sep 19, 2026 |
|---|
| Draw Date | Sat Sep 19, 2026 | | Projected Jackpot | $298,000,000 | | Cash Value | $126,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $126,600,000 | | Federal Tax(24%) | $30,384,000 | | Additional Federal Tax | $16,418,330 | | State Tax(4%) | $5,064,000 | | Net Lumpsum Payment | $74,733,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,485,198 |
$1,619,854
$179,408 |
$2,685,936 |
| 2 |
$4,709,592 |
$1,702,879
$188,384 |
$2,818,329 |
| 3 |
$4,945,012 |
$1,789,985
$197,800 |
$2,957,227 |
| 4 |
$5,192,352 |
$1,881,501
$207,694 |
$3,103,157 |
| 5 |
$5,451,910 |
$1,977,537
$218,076 |
$3,256,297 |
| 6 |
$5,724,580 |
$2,078,425
$228,983 |
$3,417,172 |
| 7 |
$6,010,660 |
$2,184,275
$240,426 |
$3,585,959 |
| 8 |
$6,311,342 |
$2,295,527
$252,454 |
$3,763,361 |
| 9 |
$6,626,924 |
$2,412,292
$265,077 |
$3,949,555 |
| 10 |
$6,958,300 |
$2,534,901
$278,332 |
$4,145,067 |
| 11 |
$7,306,066 |
$2,663,575
$292,243 |
$4,350,248 |
| 12 |
$7,671,414 |
$2,798,754
$306,857 |
$4,565,803 |
| 13 |
$8,054,940 |
$2,940,658
$322,198 |
$4,792,084 |
| 14 |
$8,457,836 |
$3,089,730
$338,313 |
$5,029,793 |
| 15 |
$8,880,698 |
$3,246,189
$355,228 |
$5,279,281 |
| 16 |
$9,324,718 |
$3,410,476
$372,989 |
$5,541,253 |
| 17 |
$9,790,790 |
$3,582,923
$391,632 |
$5,816,235 |
| 18 |
$10,280,404 |
$3,764,080
$411,216 |
$6,105,108 |
| 19 |
$10,794,454 |
$3,954,278
$431,778 |
$6,408,398 |
| 20 |
$11,334,132 |
$4,153,959
$453,365 |
$6,726,808 |
| 21 |
$11,900,928 |
$4,363,674
$476,037 |
$7,061,217 |
| 22 |
$12,496,034 |
$4,583,863
$499,841 |
$7,412,330 |
| 23 |
$13,120,642 |
$4,814,968
$524,826 |
$7,780,848 |
| 24 |
$13,776,838 |
$5,057,760
$551,074 |
$8,168,004 |
| 25 |
$14,465,516 |
$5,312,571
$578,621 |
$8,574,324 |
| 26 |
$15,189,060 |
$5,580,283
$607,562 |
$9,001,215 |
| 27 |
$15,948,364 |
$5,861,225
$637,935 |
$9,449,204 |
| 28 |
$16,745,812 |
$6,156,281
$669,832 |
$9,919,699 |
| 29 |
$17,583,192 |
$6,466,111
$703,328 |
$10,413,753 |
| 30 |
$18,462,292 |
$6,791,378
$738,492 |
$10,932,422 |
|
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