Connecticut Lottery

CTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon May 25, 2026 is estimated to be $141 Million, with a cash option of 62 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Connecticut, your state will take 6.99% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Connecticut Powerball Jackpot/Cash Option for Mon May 25, 2026

Draw Date	Jackpot	Cash Option
Mon May 25, 2026	$141,000,000	$62,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$62,000,000
Federal Tax(24%)	$14,880,000
Additional Federal Tax	$8,020,330
State Tax(6.99%)	$4,333,800
Net Lumpsum Payment	$34,765,870

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,122,191	-$745,541 -$148,341	$1,228,309
2	$2,228,364	-$784,825 -$155,763	$1,287,776
3	$2,339,754	-$826,039 -$163,549	$1,350,166
4	$2,456,784	-$869,340 -$171,729	$1,415,715
5	$2,579,595	-$914,781 -$180,314	$1,484,500
6	$2,708,610	-$962,516 -$189,332	$1,556,762
7	$2,843,970	-$1,012,599 -$198,794	$1,632,577
8	$2,986,239	-$1,065,239 -$208,738	$1,712,262
9	$3,135,558	-$1,120,487 -$219,176	$1,795,895
10	$3,292,350	-$1,178,500 -$230,135	$1,883,715
11	$3,456,897	-$1,239,382 -$241,637	$1,975,878
12	$3,629,763	-$1,303,343 -$253,720	$2,072,700
13	$3,811,230	-$1,370,485 -$266,405	$2,174,340
14	$4,001,862	-$1,441,019 -$279,730	$2,281,113
15	$4,201,941	-$1,515,049 -$293,716	$2,393,176
16	$4,412,031	-$1,592,782 -$308,401	$2,510,848
17	$4,632,555	-$1,674,376 -$323,816	$2,634,363
18	$4,864,218	-$1,760,091 -$340,009	$2,764,118
19	$5,107,443	-$1,850,084 -$357,010	$2,900,349
20	$5,362,794	-$1,944,564 -$374,859	$3,043,371
21	$5,630,976	-$2,043,792 -$393,605	$3,193,579
22	$5,912,553	-$2,147,975 -$413,287	$3,351,291
23	$6,208,089	-$2,257,323 -$433,945	$3,516,821
24	$6,518,571	-$2,372,202 -$455,648	$3,690,721
25	$6,844,422	-$2,492,767 -$478,425	$3,873,230
26	$7,186,770	-$2,619,435 -$502,355	$4,064,980
27	$7,546,038	-$2,752,364 -$527,468	$4,266,206
28	$7,923,354	-$2,891,971 -$553,842	$4,477,541
29	$8,319,564	-$3,038,569 -$581,538	$4,699,457
30	$8,735,514	-$3,192,471 -$610,612	$4,932,431