Connecticut Lottery

CTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Nov 26, 2025 is estimated to be $681 Million, with a cash option of 315.7 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 Wed Nov 26, 2025

Draw Date	Jackpot	Cash Option
Wed Nov 26, 2025	$681,000,000	$315,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$315,700,000
Federal Tax(24%)	$75,768,000
Additional Federal Tax	$41,001,330
State Tax(6.99%)	$22,067,430
Net Lumpsum Payment	$176,863,240

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$10,249,731	-$3,752,731 -$716,456	$5,780,544
2	$10,762,524	-$3,942,464 -$752,300	$6,067,760
3	$11,300,514	-$4,141,521 -$789,906	$6,369,087
4	$11,865,744	-$4,350,656 -$829,416	$6,685,672
5	$12,458,895	-$4,570,122 -$870,877	$7,017,896
6	$13,082,010	-$4,800,674 -$914,432	$7,366,904
7	$13,735,770	-$5,042,565 -$960,130	$7,733,075
8	$14,422,899	-$5,296,803 -$1,008,161	$8,117,935
9	$15,144,078	-$5,563,639 -$1,058,571	$8,521,868
10	$15,901,350	-$5,843,830 -$1,111,504	$8,946,016
11	$16,696,077	-$6,137,879 -$1,167,056	$9,391,142
12	$17,530,983	-$6,446,794 -$1,225,416	$9,858,773
13	$18,407,430	-$6,771,079 -$1,286,679	$10,349,672
14	$19,328,142	-$7,111,743 -$1,351,037	$10,865,362
15	$20,294,481	-$7,469,288 -$1,418,584	$11,406,609
16	$21,309,171	-$7,844,724 -$1,489,511	$11,974,936
17	$22,374,255	-$8,238,805 -$1,563,960	$12,571,490
18	$23,493,138	-$8,652,791 -$1,642,170	$13,198,177
19	$24,667,863	-$9,087,440 -$1,724,284	$13,856,139
20	$25,901,154	-$9,543,757 -$1,810,491	$14,546,906
21	$27,196,416	-$10,023,004 -$1,901,029	$15,272,383
22	$28,556,373	-$10,526,188 -$1,996,090	$16,034,095
23	$29,983,749	-$11,054,318 -$2,095,864	$16,833,567
24	$31,483,311	-$11,609,155 -$2,200,683	$17,673,473
25	$33,057,102	-$12,191,458 -$2,310,691	$18,554,953
26	$34,710,570	-$12,803,241 -$2,426,269	$19,481,060
27	$36,445,758	-$13,445,261 -$2,547,558	$20,452,939
28	$38,268,114	-$14,119,533 -$2,674,941	$21,473,640
29	$40,181,724	-$14,827,568 -$2,808,703	$22,545,453
30	$42,190,674	-$15,570,880 -$2,949,128	$23,670,666