The jackpot for the Powerball draw on Sat Aug 30, 2025, is projected to be $950 Million, with an option for a cash payout of $428.9 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 Aug 30, 2025 |
|---|
| Draw Date | Sat Aug 30, 2025 | | Projected Jackpot | $950,000,000 | | Cash Value | $428,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $428,900,000 | | Federal Tax(24%) | $102,936,000 | | Additional Federal Tax | $55,717,330 | | State Tax(4%) | $17,156,000 | | Net Lumpsum Payment | $253,090,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$14,298,450 |
$5,250,757
$571,938 |
$8,475,755 |
| 2 |
$15,013,800 |
$5,515,436
$600,552 |
$8,897,812 |
| 3 |
$15,764,300 |
$5,793,121
$630,572 |
$9,340,607 |
| 4 |
$16,552,800 |
$6,084,866
$662,112 |
$9,805,822 |
| 5 |
$17,380,250 |
$6,391,023
$695,210 |
$10,294,017 |
| 6 |
$18,249,500 |
$6,712,645
$729,980 |
$10,806,875 |
| 7 |
$19,161,500 |
$7,050,085
$766,460 |
$11,344,955 |
| 8 |
$20,120,050 |
$7,404,749
$804,802 |
$11,910,499 |
| 9 |
$21,126,100 |
$7,776,987
$845,044 |
$12,504,069 |
| 10 |
$22,182,500 |
$8,167,855
$887,300 |
$13,127,345 |
| 11 |
$23,291,150 |
$8,578,056
$931,646 |
$13,781,448 |
| 12 |
$24,455,850 |
$9,008,995
$978,234 |
$14,468,621 |
| 13 |
$25,678,500 |
$9,461,375
$1,027,140 |
$15,189,985 |
| 14 |
$26,962,900 |
$9,936,603
$1,078,516 |
$15,947,781 |
| 15 |
$28,310,950 |
$10,435,382
$1,132,438 |
$16,743,130 |
| 16 |
$29,726,450 |
$10,959,117
$1,189,058 |
$17,578,275 |
| 17 |
$31,212,250 |
$11,508,863
$1,248,490 |
$18,454,897 |
| 18 |
$32,773,100 |
$12,086,377
$1,310,924 |
$19,375,799 |
| 19 |
$34,411,850 |
$12,692,715
$1,376,474 |
$20,342,661 |
| 20 |
$36,132,300 |
$13,329,281
$1,445,292 |
$21,357,727 |
| 21 |
$37,939,200 |
$13,997,834
$1,517,568 |
$22,423,798 |
| 22 |
$39,836,350 |
$14,699,780
$1,593,454 |
$23,543,116 |
| 23 |
$41,827,550 |
$15,436,524
$1,673,102 |
$24,717,924 |
| 24 |
$43,919,450 |
$16,210,527
$1,756,778 |
$25,952,145 |
| 25 |
$46,114,900 |
$17,022,843
$1,844,596 |
$27,247,461 |
| 26 |
$48,421,500 |
$17,876,285
$1,936,860 |
$28,608,355 |
| 27 |
$50,842,100 |
$18,771,907
$2,033,684 |
$30,036,509 |
| 28 |
$53,384,300 |
$19,712,521
$2,135,372 |
$31,536,407 |
| 29 |
$56,053,800 |
$20,700,236
$2,242,152 |
$33,111,412 |
| 30 |
$58,856,300 |
$21,737,161
$2,354,252 |
$34,764,887 |
|
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