Connecticut Lottery

CTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Apr 11, 2026 is estimated to be $35 Million, with a cash option of 15.9 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 Apr 11, 2026

Draw Date	Jackpot	Cash Option
Sat Apr 11, 2026	$35,000,000	$15,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$15,900,000
Federal Tax(24%)	$3,816,000
Additional Federal Tax	$2,027,330
State Tax(6.99%)	$1,111,410
Net Lumpsum Payment	$8,945,260

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$526,785	-$155,241 -$36,822	$334,722
2	$553,140	-$164,992 -$38,664	$349,484
3	$580,790	-$175,223 -$40,597	$364,970
4	$609,840	-$185,971 -$42,628	$381,241
5	$640,325	-$197,251 -$44,759	$398,315
6	$672,350	-$209,100 -$46,997	$416,253
7	$705,950	-$221,532 -$49,346	$435,072
8	$741,265	-$234,598 -$51,814	$454,853
9	$778,330	-$248,312 -$54,405	$475,613
10	$817,250	-$262,713 -$57,126	$497,411
11	$858,095	-$277,826 -$59,981	$520,288
12	$901,005	-$293,702 -$62,980	$544,323
13	$946,050	-$310,369 -$66,129	$569,552
14	$993,370	-$327,877 -$69,437	$596,056
15	$1,043,035	-$346,253 -$72,908	$623,874
16	$1,095,185	-$365,549 -$76,553	$653,083
17	$1,149,925	-$385,803 -$80,380	$683,742
18	$1,207,430	-$407,079 -$84,399	$715,952
19	$1,267,805	-$429,418 -$88,620	$749,767
20	$1,331,190	-$452,871 -$93,050	$785,269
21	$1,397,760	-$477,502 -$97,703	$822,555
22	$1,467,655	-$503,363 -$102,589	$861,703
23	$1,541,015	-$530,506 -$107,717	$902,792
24	$1,618,085	-$559,022 -$113,104	$945,959
25	$1,698,970	-$588,949 -$118,758	$991,263
26	$1,783,950	-$620,392 -$124,698	$1,038,860
27	$1,873,130	-$653,388 -$130,932	$1,088,810
28	$1,966,790	-$688,043 -$137,479	$1,141,268
29	$2,065,140	-$724,432 -$144,353	$1,196,355
30	$2,168,390	-$762,635 -$151,570	$1,254,185