Connecticut Lottery

CTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Sep 20, 2025 is estimated to be $99 Million, with a cash option of 46.3 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 Sat Sep 20, 2025

Draw Date	Jackpot	Cash Option
Sat Sep 20, 2025	$99,000,000	$46,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$46,300,000
Federal Tax(24%)	$11,112,000
Additional Federal Tax	$5,979,330
State Tax(6.99%)	$3,236,370
Net Lumpsum Payment	$25,972,300

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,490,049	-$511,649 -$104,154	$874,246
2	$1,564,596	-$539,231 -$109,365	$916,000
3	$1,642,806	-$568,169 -$114,832	$959,805
4	$1,724,976	-$598,572 -$120,576	$1,005,828
5	$1,811,205	-$630,476 -$126,603	$1,054,126
6	$1,901,790	-$663,993 -$132,935	$1,104,862
7	$1,996,830	-$699,157 -$139,578	$1,158,095
8	$2,096,721	-$736,117 -$146,561	$1,214,043
9	$2,201,562	-$774,908 -$153,889	$1,272,765
10	$2,311,650	-$815,641 -$161,584	$1,334,425
11	$2,427,183	-$858,388 -$169,660	$1,399,135
12	$2,548,557	-$903,296 -$178,144	$1,467,117
13	$2,675,970	-$950,439 -$187,050	$1,538,481
14	$2,809,818	-$999,963 -$196,406	$1,613,449
15	$2,950,299	-$1,051,941 -$206,226	$1,692,132
16	$3,097,809	-$1,106,520 -$216,537	$1,774,752
17	$3,252,645	-$1,163,809 -$227,360	$1,861,476
18	$3,415,302	-$1,223,992 -$238,730	$1,952,580
19	$3,586,077	-$1,287,179 -$250,667	$2,048,231
20	$3,765,366	-$1,353,516 -$263,199	$2,148,651
21	$3,953,664	-$1,423,186 -$276,361	$2,254,117
22	$4,151,367	-$1,496,336 -$290,181	$2,364,850
23	$4,358,871	-$1,573,113 -$304,685	$2,481,073
24	$4,576,869	-$1,653,772 -$319,923	$2,603,174
25	$4,805,658	-$1,738,424 -$335,915	$2,731,319
26	$5,046,030	-$1,827,361 -$352,717	$2,865,952
27	$5,298,282	-$1,920,695 -$370,350	$3,007,237
28	$5,563,206	-$2,018,717 -$388,868	$3,155,621
29	$5,841,396	-$2,121,647 -$408,314	$3,311,435
30	$6,133,446	-$2,229,705 -$428,728	$3,475,013