Are You a Winner? 

Winners of $599 or Less

Check with your local retailer to see if they’ll award you your prize, or visit and claim at any of our four Lottery Claim Centers. Mail your signed winning ticket to Colorado Lottery, PO BOX 7, Pueblo, CO 81002. Please allow one to two weeks for processing, and a check will be mailed to you.

Winners of $599 or More

You must claim at a Colorado Lottery Claim Center in person or you can mail your completed Colorado Lottery Prize Claim Form and signed winning ticket to Colorado Lottery, PO BOX 7, Pueblo, CO 81002. Please allow one to two weeks for processing, and a check will be mailed to you. Incomplete forms may result in a delay.

Did You Win Big? 

The following information is provided to help you plan how you'll manage your new fortune. 

 

Deductions for Prizes $5,001 or More

29 percent will be withheld from your prize for taxes (25% federal; 4% state).

34 percent will be withheld from your prize for taxes (30% federal; 4% state) if you do not have a social security number.

Cash or Annuity?

Seek Financial Advice

If you win a large prize amount, we suggest that you take some time and explore your financial options. Seek out reputable financial experts, and ask a lot of questions.

What is an annuity and how does it work?

An annuity is a series of fixed payments or graduated payments paid out over a specified period. A jackpot winner will be paid the full estimated prize amount over a period of time that is determined by the game won (read on for more details).

What's the cash value of a prize?

The cash value of the jackpot is approximately 50 percent of the advertised, estimated jackpot.

Games Eligible for Annuity Payments and Payouts

Powerball

If you choose an annuity, you’ll be paid in 30 graduated payments over 29 years. Subsequent annuity payments will be made annually close to the anniversary date of the claim and increase 4% per year. The choice you make is binding and irrevocable. You have 60 days from the date your ticket is validated to decide how you want to be paid.

Mega Millions

If you choose an annuity, you’ll be paid in 30 graduated payments (growing by 5% each year to keep up with inflation) over 29 years. Annuity payments will be made annually close to the anniversary date of the claim. The choice you make is binding and irrevocable. You have 60 days from the date your ticket is validated to decide how you want to be paid.

Lotto

If you choose an annuity, you’ll be paid in 25 annual installments with the first annuity payment being 2.5% of the jackpot share. Following payments increase 3.7% each year until the entire amount is paid. The choice you make is binding and irrevocable. You have 60 days from the date your ticket is validated to decide how you want to be paid.

What's the best way to share a prize?

Your bank, attorney or certified financial advisor can give you advice about this option. You can choose to share the tax liability of the prize by having all prize winners complete IRS Tax Form 5754 that will dictate how to share the liability for certain gambling winnings. If you decide to do this, one person is designated as the prize recipient, signs the winning ticket, and distributes the money. You’ll need to provide the names, addresses, social security numbers, and the gross amount to be distributed to each person. You may also consider building a trust fund. Again, talk to your bank, attorney or financial advisor about this option.

Where will you put your money?

There are FDIC regulations that need to be considered when depositing large sums of money. Contact your financial institution for more information.

Come Prepared

Complete the Colorado Lottery Prize Claim Form. You’ll have to complete additional forms provided by the Colorado Lottery.

Only one person can be designated as the prize recipient and that person must sign the winning ticket. If sharing the tax liability with others, it is the responsibility of the ticket bearer and signee to distribute the winnings to the other parties.

Bring a photo I.D. and your Social Security number, if you have one. Acceptable identification includes: driver’s license, passport, military ID card, green card – or any form of government-issued identification with photo.

Call ahead to the Lottery Claims Center at 800-999-2959 and let us know when you’ll be coming in to claim the jackpot.

What can you expect when you win the jackpot?

As part of the Open Records Act, we are required to release to the public your name, hometown, amount you won and the game you played. This information will be posted on coloradolottery.com and will be provided to media upon request.

You will be interviewed by the Colorado Lottery Media Relations team and a press release will be distributed to local media outlets. You may also be asked to participate in a press conference to answer questions directly from reporters. Our Media Relations team will work closely with you to ensure your comfort with the process.

You’ll be asked to have your picture taken which will appear on our “Wall of Winners,” in-store Lottery display monitors, our website, and our Facebook and Twitter social media outlets.