Connecticut Lottery

CTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Mar 9, 2026 is estimated to be $46 Million, with a cash option of 21.2 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 Mon Mar 9, 2026

Draw Date	Jackpot	Cash Option
Mon Mar 9, 2026	$46,000,000	$21,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$21,200,000
Federal Tax(24%)	$5,088,000
Additional Federal Tax	$2,716,330
State Tax(6.99%)	$1,481,880
Net Lumpsum Payment	$11,913,790

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$692,346	-$216,498 -$48,395	$427,453
2	$726,984	-$229,314 -$50,816	$446,854
3	$763,324	-$242,760 -$53,356	$467,208
4	$801,504	-$256,887 -$56,025	$488,592
5	$841,570	-$271,711 -$58,826	$511,033
6	$883,660	-$287,285 -$61,768	$534,607
7	$927,820	-$303,624 -$64,855	$559,341
8	$974,234	-$320,797 -$68,099	$585,338
9	$1,022,948	-$338,821 -$71,504	$612,623
10	$1,074,100	-$357,747 -$75,080	$641,273
11	$1,127,782	-$377,610 -$78,832	$671,340
12	$1,184,178	-$398,476 -$82,774	$702,928
13	$1,243,380	-$420,381 -$86,912	$736,087
14	$1,305,572	-$443,392 -$91,259	$770,921
15	$1,370,846	-$467,543 -$95,822	$807,481
16	$1,439,386	-$492,903 -$100,613	$845,870
17	$1,511,330	-$519,522 -$105,642	$886,166
18	$1,586,908	-$547,486 -$110,925	$928,497
19	$1,666,258	-$576,846 -$116,471	$972,941
20	$1,749,564	-$607,669 -$122,295	$1,019,600
21	$1,837,056	-$640,041 -$128,410	$1,068,605
22	$1,928,918	-$674,030 -$134,831	$1,120,057
23	$2,025,334	-$709,704 -$141,571	$1,174,059
24	$2,126,626	-$747,182 -$148,651	$1,230,793
25	$2,232,932	-$786,515 -$156,082	$1,290,335
26	$2,344,620	-$827,840 -$163,889	$1,352,891
27	$2,461,828	-$871,207 -$172,082	$1,418,539
28	$2,584,924	-$916,752 -$180,686	$1,487,486
29	$2,714,184	-$964,578 -$189,721	$1,559,885
30	$2,849,884	-$1,014,787 -$199,207	$1,635,890