Connecticut Lottery

CTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Nov 24, 2025 is estimated to be $654 Million, with a cash option of 303.2 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 Nov 24, 2025

Draw Date	Jackpot	Cash Option
Mon Nov 24, 2025	$654,000,000	$303,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$303,200,000
Federal Tax(24%)	$72,768,000
Additional Federal Tax	$39,376,330
State Tax(6.99%)	$21,193,680
Net Lumpsum Payment	$169,861,990

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,843,354	-$3,602,371 -$688,050	$5,552,933
2	$10,335,816	-$3,784,582 -$722,474	$5,828,760
3	$10,852,476	-$3,975,747 -$758,588	$6,118,141
4	$11,395,296	-$4,176,590 -$796,531	$6,422,175
5	$11,964,930	-$4,387,354 -$836,349	$6,741,227
6	$12,563,340	-$4,608,766 -$878,177	$7,076,397
7	$13,191,180	-$4,841,067 -$922,063	$7,428,050
8	$13,851,066	-$5,085,225 -$968,190	$7,797,651
9	$14,543,652	-$5,341,482 -$1,016,601	$8,185,569
10	$15,270,900	-$5,610,563 -$1,067,436	$8,592,901
11	$16,034,118	-$5,892,954 -$1,120,785	$9,020,379
12	$16,835,922	-$6,189,622 -$1,176,831	$9,469,469
13	$17,677,620	-$6,501,050 -$1,235,666	$9,940,904
14	$18,561,828	-$6,828,207 -$1,297,472	$10,436,149
15	$19,489,854	-$7,171,576 -$1,362,341	$10,955,937
16	$20,464,314	-$7,532,127 -$1,430,456	$11,501,731
17	$21,487,170	-$7,910,583 -$1,501,953	$12,074,634
18	$22,561,692	-$8,308,156 -$1,577,062	$12,676,474
19	$23,689,842	-$8,725,572 -$1,655,920	$13,308,350
20	$24,874,236	-$9,163,798 -$1,738,709	$13,971,729
21	$26,118,144	-$9,624,044 -$1,825,658	$14,668,442
22	$27,424,182	-$10,107,278 -$1,916,950	$15,399,954
23	$28,794,966	-$10,614,468 -$2,012,768	$16,167,730
24	$30,235,074	-$11,147,308 -$2,113,432	$16,974,334
25	$31,746,468	-$11,706,524 -$2,219,078	$17,820,866
26	$33,334,380	-$12,294,051 -$2,330,073	$18,710,256
27	$35,000,772	-$12,910,616 -$2,446,554	$19,643,602
28	$36,750,876	-$13,558,155 -$2,568,886	$20,623,835
29	$38,588,616	-$14,238,118 -$2,697,344	$21,653,154
30	$40,517,916	-$14,951,959 -$2,832,202	$22,733,755