Connecticut Lottery

CTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Sep 9, 2026 is estimated to be $207 Million, with a cash option of 89.3 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 Wed Sep 9, 2026

Draw Date	Jackpot	Cash Option
Wed Sep 9, 2026	$207,000,000	$89,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$89,300,000
Federal Tax(24%)	$21,432,000
Additional Federal Tax	$11,569,330
State Tax(6.99%)	$6,242,070
Net Lumpsum Payment	$50,056,600

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,115,557	-$1,113,086 -$217,777	$1,784,694
2	$3,271,428	-$1,170,759 -$228,673	$1,871,996
3	$3,434,958	-$1,231,265 -$240,104	$1,963,589
4	$3,606,768	-$1,294,835 -$252,113	$2,059,820
5	$3,787,065	-$1,361,544 -$264,716	$2,160,805
6	$3,976,470	-$1,431,624 -$277,955	$2,266,891
7	$4,175,190	-$1,505,151 -$291,846	$2,378,193
8	$4,384,053	-$1,582,430 -$306,445	$2,495,178
9	$4,603,266	-$1,663,539 -$321,768	$2,617,959
10	$4,833,450	-$1,748,707 -$337,858	$2,746,885
11	$5,075,019	-$1,838,087 -$354,744	$2,882,188
12	$5,328,801	-$1,931,987 -$372,483	$3,024,331
13	$5,595,210	-$2,030,558 -$391,105	$3,173,547
14	$5,875,074	-$2,134,108 -$410,668	$3,330,298
15	$6,168,807	-$2,242,789 -$431,200	$3,494,818
16	$6,477,237	-$2,356,908 -$452,759	$3,667,570
17	$6,800,985	-$2,476,695 -$475,389	$3,848,901
18	$7,141,086	-$2,602,532 -$499,162	$4,039,392
19	$7,498,161	-$2,734,650 -$524,121	$4,239,390
20	$7,873,038	-$2,873,354 -$550,325	$4,449,359
21	$8,266,752	-$3,019,029 -$577,846	$4,669,877
22	$8,680,131	-$3,171,979 -$606,741	$4,901,411
23	$9,114,003	-$3,332,511 -$637,069	$5,144,423
24	$9,569,817	-$3,501,163 -$668,930	$5,399,724
25	$10,048,194	-$3,678,162 -$702,369	$5,667,663
26	$10,550,790	-$3,864,123 -$737,500	$5,949,167
27	$11,078,226	-$4,059,274 -$774,368	$6,244,584
28	$11,632,158	-$4,264,229 -$813,088	$6,554,841
29	$12,213,828	-$4,479,447 -$853,747	$6,880,634
30	$12,824,478	-$4,705,387 -$896,431	$7,222,660