The jackpot for the Powerball draw on Wed Jun 25, 2025, is projected to be $140 Million, with an option for a cash payout of $63 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 Wed Jun 25, 2025 |
|---|
| Draw Date | Wed Jun 25, 2025 | | Projected Jackpot | $140,000,000 | | Cash Value | $63,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $63,000,000 | | Federal Tax(24%) | $15,120,000 | | Additional Federal Tax | $8,150,330 | | State Tax(4%) | $2,520,000 | | Net Lumpsum Payment | $37,209,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,107,140 |
$739,972
$84,286 |
$1,282,882 |
| 2 |
$2,212,560 |
$778,978
$88,502 |
$1,345,080 |
| 3 |
$2,323,160 |
$819,900
$92,926 |
$1,410,334 |
| 4 |
$2,439,360 |
$862,894
$97,574 |
$1,478,892 |
| 5 |
$2,561,300 |
$908,011
$102,452 |
$1,550,837 |
| 6 |
$2,689,400 |
$955,408
$107,576 |
$1,626,416 |
| 7 |
$2,823,800 |
$1,005,136
$112,952 |
$1,705,712 |
| 8 |
$2,965,060 |
$1,057,403
$118,602 |
$1,789,055 |
| 9 |
$3,113,320 |
$1,112,259
$124,533 |
$1,876,528 |
| 10 |
$3,269,000 |
$1,169,860
$130,760 |
$1,968,380 |
| 11 |
$3,432,380 |
$1,230,311
$137,295 |
$2,064,774 |
| 12 |
$3,604,020 |
$1,293,818
$144,161 |
$2,166,041 |
| 13 |
$3,784,200 |
$1,360,484
$151,368 |
$2,272,348 |
| 14 |
$3,973,480 |
$1,430,518
$158,939 |
$2,384,023 |
| 15 |
$4,172,140 |
$1,504,022
$166,886 |
$2,501,232 |
| 16 |
$4,380,740 |
$1,581,204
$175,230 |
$2,624,306 |
| 17 |
$4,599,700 |
$1,662,219
$183,988 |
$2,753,493 |
| 18 |
$4,829,720 |
$1,747,327
$193,189 |
$2,889,204 |
| 19 |
$5,071,220 |
$1,836,682
$202,849 |
$3,031,689 |
| 20 |
$5,324,760 |
$1,930,492
$212,990 |
$3,181,278 |
| 21 |
$5,591,040 |
$2,029,015
$223,642 |
$3,338,383 |
| 22 |
$5,870,620 |
$2,132,460
$234,825 |
$3,503,335 |
| 23 |
$6,164,060 |
$2,241,033
$246,562 |
$3,676,465 |
| 24 |
$6,472,340 |
$2,355,096
$258,894 |
$3,858,350 |
| 25 |
$6,795,880 |
$2,474,806
$271,835 |
$4,049,239 |
| 26 |
$7,135,800 |
$2,600,576
$285,432 |
$4,249,792 |
| 27 |
$7,492,520 |
$2,732,563
$299,701 |
$4,460,256 |
| 28 |
$7,867,160 |
$2,871,180
$314,686 |
$4,681,294 |
| 29 |
$8,260,560 |
$3,016,738
$330,422 |
$4,913,400 |
| 30 |
$8,673,560 |
$3,169,548
$346,942 |
$5,157,070 |
|
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