Connecticut Lottery

CTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Dec 13, 2025 is estimated to be $1.00 Billion, with a cash option of 461.3 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 Dec 13, 2025

Draw Date	Jackpot	Cash Option
Sat Dec 13, 2025	$1,000,000,000	$461,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$461,300,000
Federal Tax(24%)	$110,712,000
Additional Federal Tax	$59,929,330
State Tax(6.99%)	$32,244,870
Net Lumpsum Payment	$258,413,800

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$15,051,000	-$5,529,200 -$1,052,065	$8,469,735
2	$15,804,000	-$5,807,810 -$1,104,700	$8,891,490
3	$16,594,000	-$6,100,110 -$1,159,921	$9,333,969
4	$17,424,000	-$6,407,210 -$1,217,938	$9,798,852
5	$18,295,000	-$6,729,480 -$1,278,821	$10,286,699
6	$19,210,000	-$7,068,030 -$1,342,779	$10,799,191
7	$20,170,000	-$7,423,230 -$1,409,883	$11,336,887
8	$21,179,000	-$7,796,560 -$1,480,412	$11,902,028
9	$22,238,000	-$8,188,390 -$1,554,436	$12,495,174
10	$23,350,000	-$8,599,830 -$1,632,165	$13,118,005
11	$24,517,000	-$9,031,620 -$1,713,738	$13,771,642
12	$25,743,000	-$9,485,240 -$1,799,436	$14,458,324
13	$27,030,000	-$9,961,430 -$1,889,397	$15,179,173
14	$28,382,000	-$10,461,670 -$1,983,902	$15,936,428
15	$29,801,000	-$10,986,700 -$2,083,090	$16,731,210
16	$31,291,000	-$11,538,000 -$2,187,241	$17,565,759
17	$32,855,000	-$12,116,680 -$2,296,565	$18,441,755
18	$34,498,000	-$12,724,590 -$2,411,410	$19,362,000
19	$36,223,000	-$13,362,840 -$2,531,988	$20,328,172
20	$38,034,000	-$14,032,910 -$2,658,577	$21,342,513
21	$39,936,000	-$14,736,650 -$2,791,526	$22,407,824
22	$41,933,000	-$15,475,540 -$2,931,117	$23,526,343
23	$44,029,000	-$16,251,060 -$3,077,627	$24,700,313
24	$46,231,000	-$17,065,800 -$3,231,547	$25,933,653
25	$48,542,000	-$17,920,870 -$3,393,086	$27,228,044
26	$50,970,000	-$18,819,230 -$3,562,803	$28,587,967
27	$53,518,000	-$19,761,990 -$3,740,908	$30,015,102
28	$56,194,000	-$20,752,110 -$3,927,961	$31,513,929
29	$59,004,000	-$21,791,810 -$4,124,380	$33,087,810
30	$61,954,000	-$22,883,310 -$4,330,585	$34,740,105