The jackpot for the Powerball draw on Mon Mar 23, 2026, is projected to be $133 Million, with an option for a cash payout of $60.3 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 Mar 23, 2026 |
|---|
| Draw Date | Mon Mar 23, 2026 | | Projected Jackpot | $133,000,000 | | Cash Value | $60,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $60,300,000 | | Federal Tax(24%) | $14,472,000 | | Additional Federal Tax | $7,799,330 | | State Tax(4%) | $2,412,000 | | Net Lumpsum Payment | $35,616,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,001,783 |
$700,990
$80,071 |
$1,220,722 |
| 2 |
$2,101,932 |
$738,045
$84,077 |
$1,279,810 |
| 3 |
$2,207,002 |
$776,921
$88,280 |
$1,341,801 |
| 4 |
$2,317,392 |
$817,765
$92,696 |
$1,406,931 |
| 5 |
$2,433,235 |
$860,627
$97,329 |
$1,475,279 |
| 6 |
$2,554,930 |
$905,654
$102,197 |
$1,547,079 |
| 7 |
$2,682,610 |
$952,896
$107,304 |
$1,622,410 |
| 8 |
$2,816,807 |
$1,002,549
$112,672 |
$1,701,586 |
| 9 |
$2,957,654 |
$1,054,662
$118,306 |
$1,784,686 |
| 10 |
$3,105,550 |
$1,109,384
$124,222 |
$1,871,944 |
| 11 |
$3,260,761 |
$1,166,812
$130,430 |
$1,963,519 |
| 12 |
$3,423,819 |
$1,227,143
$136,953 |
$2,059,723 |
| 13 |
$3,594,990 |
$1,290,477
$143,800 |
$2,160,713 |
| 14 |
$3,774,806 |
$1,357,009
$150,992 |
$2,266,805 |
| 15 |
$3,963,533 |
$1,426,838
$158,541 |
$2,378,154 |
| 16 |
$4,161,703 |
$1,500,160
$166,468 |
$2,495,075 |
| 17 |
$4,369,715 |
$1,577,125
$174,789 |
$2,617,801 |
| 18 |
$4,588,234 |
$1,657,977
$183,529 |
$2,746,728 |
| 19 |
$4,817,659 |
$1,742,864
$192,706 |
$2,882,089 |
| 20 |
$5,058,522 |
$1,831,984
$202,341 |
$3,024,197 |
| 21 |
$5,311,488 |
$1,925,581
$212,460 |
$3,173,447 |
| 22 |
$5,577,089 |
$2,023,853
$223,084 |
$3,330,152 |
| 23 |
$5,855,857 |
$2,126,997
$234,234 |
$3,494,626 |
| 24 |
$6,148,723 |
$2,235,358
$245,949 |
$3,667,416 |
| 25 |
$6,456,086 |
$2,349,082
$258,243 |
$3,848,761 |
| 26 |
$6,779,010 |
$2,468,564
$271,160 |
$4,039,286 |
| 27 |
$7,117,894 |
$2,593,951
$284,716 |
$4,239,227 |
| 28 |
$7,473,802 |
$2,725,637
$298,952 |
$4,449,213 |
| 29 |
$7,847,532 |
$2,863,917
$313,901 |
$4,669,714 |
| 30 |
$8,239,882 |
$3,009,087
$329,595 |
$4,901,200 |
|
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