Estimate Your Net Jackpot Payout
Use this free Colorado lottery tax calculator to estimate your cash option, federal taxes, Colorado state taxes, and your net payout if you win Powerball, Mega Millions, or Colorado Lotto+. Results are estimates only and not tax advice.
Lottery Tax Calculator — Colorado Resident
Estimated Cash Option
$0
Federal Taxes (est.)
$0
Colorado Taxes (est.)
$0
Net Payout (cash)
$0
Default cash option % adjusts by game; you can override below.
For cash option, the advertised jackpot is typically the annuity value.
Typical range is ~45–60%. Check the lottery’s current cash value; override as needed.
Used for an estimated final federal tax calculation (not just withholding).
Wages, business income, etc. before the jackpot.
Uncheck for a bracket-based federal estimate up to the top marginal rate.
Assumes Colorado resident; local income tax is generally not applicable.
Breakdown
| Item | Amount |
|---|---|
| Advertised Jackpot | $0 |
| Estimated Cash Option | $0 |
| Federal Tax (estimate) | $0 |
| Colorado State Income Tax (estimate) | $0 |
| Net Payout (cash) | $0 |
These are estimates only, based on configurable assumptions in the page script. No local income tax is applied. Consult a qualified tax professional before making financial decisions.
Annuity (Illustrative)
If you select annuity (typically ~30 payments), taxes would be assessed annually on each payment. Enter your own annual annuity value below to see a rough estimate.
Many lotteries increase payments over time. Use a conservative first-year figure.
| Item | Amount |
|---|---|
| Year 1 Payment (before tax) | $0 |
| Est. Federal Tax (Year 1) | $0 |
| Est. Colorado Tax (Year 1) | $0 |
| Year 1 Net | $0 |
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Last updated • Colorado-focused lottery & tax explainer.