Jackpot Analysis Colorado Mega Millions

Jackpot Analysis for Colorado Mega Millions
The jackpot for the MEGA Millions draw on Fri Oct 24, 2025, is projected to be $680 Million, with an option for a cash payout of $318.2 Million. Should you be the lucky winner of the MEGA Millions 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 MEGA Millions Jackpot/Cash Option for Fri Oct 24, 2025
Draw DateFri Oct 24, 2025
Projected Jackpot$680,000,000
Cash Value$318,200,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$318,200,000
Federal Tax(24%)$76,368,000
Additional Federal Tax$41,326,330
State Tax(4%)$12,728,000
Net Lumpsum Payment$187,777,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $10,234,680 $3,747,162
$409,387
$6,078,131
2 $10,746,720 $3,936,617
$429,869
$6,380,234
3 $11,283,920 $4,135,381
$451,357
$6,697,182
4 $11,848,320 $4,344,209
$473,933
$7,030,178
5 $12,440,600 $4,563,352
$497,624
$7,379,624
6 $13,062,800 $4,793,566
$522,512
$7,746,722
7 $13,715,600 $5,035,102
$548,624
$8,131,874
8 $14,401,720 $5,288,967
$576,069
$8,536,684
9 $15,121,840 $5,555,411
$604,874
$8,961,555
10 $15,878,000 $5,835,190
$635,120
$9,407,690
11 $16,671,560 $6,128,808
$666,862
$9,875,890
12 $17,505,240 $6,437,269
$700,210
$10,367,761
13 $18,380,400 $6,761,078
$735,216
$10,884,106
14 $19,299,760 $7,101,242
$771,990
$11,426,528
15 $20,264,680 $7,458,262
$810,587
$11,995,831
16 $21,277,880 $7,833,146
$851,115
$12,593,619
17 $22,341,400 $8,226,648
$893,656
$13,221,096
18 $23,458,640 $8,640,027
$938,346
$13,880,267
19 $24,631,640 $9,074,037
$985,266
$14,572,337
20 $25,863,120 $9,529,685
$1,034,525
$15,298,910
21 $27,156,480 $10,008,228
$1,086,259
$16,061,993
22 $28,514,440 $10,510,673
$1,140,578
$16,863,189
23 $29,939,720 $11,038,027
$1,197,589
$17,704,104
24 $31,437,080 $11,592,050
$1,257,483
$18,587,547
25 $33,008,560 $12,173,498
$1,320,342
$19,514,720
26 $34,659,600 $12,784,382
$1,386,384
$20,488,834
27 $36,392,240 $13,425,459
$1,455,690
$21,511,091
28 $38,211,920 $14,098,741
$1,528,477
$22,584,702
29 $40,122,720 $14,805,737
$1,604,909
$23,712,074
30 $42,128,720 $15,547,957
$1,685,149
$24,895,614