Connecticut Lottery

CTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Nov 14, 2026 is estimated to be $63 Million, with a cash option of 27.1 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 Nov 14, 2026

Draw Date	Jackpot	Cash Option
Sat Nov 14, 2026	$63,000,000	$27,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$27,100,000
Federal Tax(24%)	$6,504,000
Additional Federal Tax	$3,483,330
State Tax(6.99%)	$1,894,290
Net Lumpsum Payment	$15,218,380

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$948,213	-$311,169 -$66,280	$570,764
2	$995,652	-$328,722 -$69,596	$597,334
3	$1,045,422	-$347,137 -$73,075	$625,210
4	$1,097,712	-$366,484 -$76,730	$654,498
5	$1,152,585	-$386,787 -$80,566	$685,232
6	$1,210,230	-$408,115 -$84,595	$717,520
7	$1,270,710	-$430,493 -$88,823	$751,394
8	$1,334,277	-$454,013 -$93,266	$786,998
9	$1,400,994	-$478,698 -$97,929	$824,367
10	$1,471,050	-$504,619 -$102,826	$863,605
11	$1,544,571	-$531,822 -$107,966	$904,783
12	$1,621,809	-$560,400 -$113,364	$948,045
13	$1,702,890	-$590,400 -$119,032	$993,458
14	$1,788,066	-$621,915 -$124,986	$1,041,165
15	$1,877,463	-$654,992 -$131,235	$1,091,236
16	$1,971,333	-$689,724 -$137,796	$1,143,813
17	$2,069,865	-$726,180 -$144,684	$1,199,001
18	$2,173,374	-$764,479 -$151,919	$1,256,976
19	$2,282,049	-$804,689 -$159,515	$1,317,845
20	$2,396,142	-$846,903 -$167,490	$1,381,749
21	$2,515,968	-$891,239 -$175,866	$1,448,863
22	$2,641,779	-$937,789 -$184,660	$1,519,330
23	$2,773,827	-$986,646 -$193,891	$1,593,290
24	$2,912,553	-$1,037,975 -$203,587	$1,670,991
25	$3,058,146	-$1,091,844 -$213,764	$1,752,538
26	$3,211,110	-$1,148,441 -$224,457	$1,838,212
27	$3,371,634	-$1,207,835 -$235,677	$1,928,122
28	$3,540,222	-$1,270,213 -$247,462	$2,022,547
29	$3,717,252	-$1,335,714 -$259,836	$2,121,702
30	$3,903,102	-$1,404,478 -$272,827	$2,225,797