The jackpot for the Powerball draw on Sat Aug 9, 2025, is projected to be $482 Million, with an option for a cash payout of $218.9 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 9, 2025 |
|---|
| Draw Date | Sat Aug 9, 2025 | | Projected Jackpot | $482,000,000 | | Cash Value | $218,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $218,900,000 | | Federal Tax(24%) | $52,536,000 | | Additional Federal Tax | $28,417,330 | | State Tax(4%) | $8,756,000 | | Net Lumpsum Payment | $129,190,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,254,582 |
$2,644,526
$290,183 |
$4,319,873 |
| 2 |
$7,617,528 |
$2,778,816
$304,701 |
$4,534,011 |
| 3 |
$7,998,308 |
$2,919,704
$319,932 |
$4,758,672 |
| 4 |
$8,398,368 |
$3,067,727
$335,935 |
$4,994,706 |
| 5 |
$8,818,190 |
$3,223,061
$352,728 |
$5,242,401 |
| 6 |
$9,259,220 |
$3,386,242
$370,369 |
$5,502,609 |
| 7 |
$9,721,940 |
$3,557,448
$388,878 |
$5,775,614 |
| 8 |
$10,208,278 |
$3,737,393
$408,331 |
$6,062,554 |
| 9 |
$10,718,716 |
$3,926,255
$428,749 |
$6,363,712 |
| 10 |
$11,254,700 |
$4,124,569
$450,188 |
$6,679,943 |
| 11 |
$11,817,194 |
$4,332,692
$472,688 |
$7,011,814 |
| 12 |
$12,408,126 |
$4,551,337
$496,325 |
$7,360,464 |
| 13 |
$13,028,460 |
$4,780,861
$521,138 |
$7,726,461 |
| 14 |
$13,680,124 |
$5,021,976
$547,205 |
$8,110,943 |
| 15 |
$14,364,082 |
$5,275,041
$574,563 |
$8,514,478 |
| 16 |
$15,082,262 |
$5,540,767
$603,290 |
$8,938,205 |
| 17 |
$15,836,110 |
$5,819,691
$633,444 |
$9,382,975 |
| 18 |
$16,628,036 |
$6,112,704
$665,121 |
$9,850,211 |
| 19 |
$17,459,486 |
$6,420,340
$698,379 |
$10,340,767 |
| 20 |
$18,332,388 |
$6,743,314
$733,296 |
$10,855,778 |
| 21 |
$19,249,152 |
$7,082,517
$769,966 |
$11,396,669 |
| 22 |
$20,211,706 |
$7,438,662
$808,468 |
$11,964,576 |
| 23 |
$21,221,978 |
$7,812,462
$848,879 |
$12,560,637 |
| 24 |
$22,283,342 |
$8,205,167
$891,334 |
$13,186,841 |
| 25 |
$23,397,244 |
$8,617,311
$935,890 |
$13,844,043 |
| 26 |
$24,567,540 |
$9,050,320
$982,702 |
$14,534,518 |
| 27 |
$25,795,676 |
$9,504,731
$1,031,827 |
$15,259,118 |
| 28 |
$27,085,508 |
$9,981,968
$1,083,420 |
$16,020,120 |
| 29 |
$28,439,928 |
$10,483,104
$1,137,597 |
$16,819,227 |
| 30 |
$29,861,828 |
$11,009,207
$1,194,473 |
$17,658,148 |
|
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