The jackpot for the Powerball draw on Wed Jul 16, 2025, is projected to be $264 Million, with an option for a cash payout of $119.7 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 Jul 16, 2025 |
|---|
| Draw Date | Wed Jul 16, 2025 | | Projected Jackpot | $264,000,000 | | Cash Value | $119,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $119,700,000 | | Federal Tax(24%) | $28,728,000 | | Additional Federal Tax | $15,521,330 | | State Tax(4%) | $4,788,000 | | Net Lumpsum Payment | $70,662,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,973,464 |
$1,430,512
$158,939 |
$2,384,013 |
| 2 |
$4,172,256 |
$1,504,065
$166,890 |
$2,501,301 |
| 3 |
$4,380,816 |
$1,581,232
$175,233 |
$2,624,351 |
| 4 |
$4,599,936 |
$1,662,307
$183,997 |
$2,753,632 |
| 5 |
$4,829,880 |
$1,747,386
$193,195 |
$2,889,299 |
| 6 |
$5,071,440 |
$1,836,763
$202,858 |
$3,031,819 |
| 7 |
$5,324,880 |
$1,930,536
$212,995 |
$3,181,349 |
| 8 |
$5,591,256 |
$2,029,095
$223,650 |
$3,338,511 |
| 9 |
$5,870,832 |
$2,132,538
$234,833 |
$3,503,461 |
| 10 |
$6,164,400 |
$2,241,158
$246,576 |
$3,676,666 |
| 11 |
$6,472,488 |
$2,355,151
$258,900 |
$3,858,437 |
| 12 |
$6,796,152 |
$2,474,907
$271,846 |
$4,049,399 |
| 13 |
$7,135,920 |
$2,600,621
$285,437 |
$4,249,862 |
| 14 |
$7,492,848 |
$2,732,684
$299,714 |
$4,460,450 |
| 15 |
$7,867,464 |
$2,871,292
$314,699 |
$4,681,473 |
| 16 |
$8,260,824 |
$3,016,835
$330,433 |
$4,913,556 |
| 17 |
$8,673,720 |
$3,169,607
$346,949 |
$5,157,164 |
| 18 |
$9,107,472 |
$3,330,095
$364,299 |
$5,413,078 |
| 19 |
$9,562,872 |
$3,498,593
$382,515 |
$5,681,764 |
| 20 |
$10,040,976 |
$3,675,492
$401,639 |
$5,963,845 |
| 21 |
$10,543,104 |
$3,861,279
$421,724 |
$6,260,101 |
| 22 |
$11,070,312 |
$4,056,346
$442,812 |
$6,571,154 |
| 23 |
$11,623,656 |
$4,261,083
$464,946 |
$6,897,627 |
| 24 |
$12,204,984 |
$4,476,174
$488,199 |
$7,240,611 |
| 25 |
$12,815,088 |
$4,701,913
$512,604 |
$7,600,571 |
| 26 |
$13,456,080 |
$4,939,080
$538,243 |
$7,978,757 |
| 27 |
$14,128,752 |
$5,187,969
$565,150 |
$8,375,633 |
| 28 |
$14,835,216 |
$5,449,360
$593,409 |
$8,792,447 |
| 29 |
$15,577,056 |
$5,723,841
$623,082 |
$9,230,133 |
| 30 |
$16,355,856 |
$6,011,997
$654,234 |
$9,689,625 |
|
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