The jackpot for the MEGA Millions draw on Fri Aug 8, 2025, is projected to be $166 Million, with an option for a cash payout of $75.2 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 Aug 8, 2025 |
|---|
| Draw Date | Fri Aug 8, 2025 | | Projected Jackpot | $166,000,000 | | Cash Value | $75,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $75,200,000 | | Federal Tax(24%) | $18,048,000 | | Additional Federal Tax | $9,736,330 | | State Tax(4%) | $3,008,000 | | Net Lumpsum Payment | $44,407,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,498,466 |
$884,763
$99,939 |
$1,513,764 |
| 2 |
$2,623,464 |
$931,012
$104,939 |
$1,587,513 |
| 3 |
$2,754,604 |
$979,534
$110,184 |
$1,664,886 |
| 4 |
$2,892,384 |
$1,030,512
$115,695 |
$1,746,177 |
| 5 |
$3,036,970 |
$1,084,009
$121,479 |
$1,831,482 |
| 6 |
$3,188,860 |
$1,140,209
$127,554 |
$1,921,097 |
| 7 |
$3,348,220 |
$1,199,172
$133,929 |
$2,015,119 |
| 8 |
$3,515,714 |
$1,261,145
$140,629 |
$2,113,940 |
| 9 |
$3,691,508 |
$1,326,188
$147,660 |
$2,217,660 |
| 10 |
$3,876,100 |
$1,394,487
$155,044 |
$2,326,569 |
| 11 |
$4,069,822 |
$1,466,165
$162,793 |
$2,440,864 |
| 12 |
$4,273,338 |
$1,541,465
$170,934 |
$2,560,939 |
| 13 |
$4,486,980 |
$1,620,513
$179,479 |
$2,686,988 |
| 14 |
$4,711,412 |
$1,703,553
$188,456 |
$2,819,403 |
| 15 |
$4,946,966 |
$1,790,708
$197,879 |
$2,958,379 |
| 16 |
$5,194,306 |
$1,882,224
$207,772 |
$3,104,310 |
| 17 |
$5,453,930 |
$1,978,284
$218,157 |
$3,257,489 |
| 18 |
$5,726,668 |
$2,079,198
$229,067 |
$3,418,403 |
| 19 |
$6,013,018 |
$2,185,147
$240,521 |
$3,587,350 |
| 20 |
$6,313,644 |
$2,296,379
$252,546 |
$3,764,719 |
| 21 |
$6,629,376 |
$2,413,200
$265,175 |
$3,951,001 |
| 22 |
$6,960,878 |
$2,535,855
$278,435 |
$4,146,588 |
| 23 |
$7,308,814 |
$2,664,592
$292,353 |
$4,351,869 |
| 24 |
$7,674,346 |
$2,799,838
$306,974 |
$4,567,534 |
| 25 |
$8,057,972 |
$2,941,780
$322,319 |
$4,793,873 |
| 26 |
$8,461,020 |
$3,090,908
$338,441 |
$5,031,671 |
| 27 |
$8,883,988 |
$3,247,406
$355,360 |
$5,281,222 |
| 28 |
$9,328,204 |
$3,411,766
$373,128 |
$5,543,310 |
| 29 |
$9,794,664 |
$3,584,356
$391,787 |
$5,818,521 |
| 30 |
$10,284,364 |
$3,765,545
$411,375 |
$6,107,444 |
|
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