Connecticut Lottery

CTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon May 11, 2026 is estimated to be $57 Million, with a cash option of 25.7 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 May 11, 2026

Draw Date	Jackpot	Cash Option
Mon May 11, 2026	$57,000,000	$25,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$25,700,000
Federal Tax(24%)	$6,168,000
Additional Federal Tax	$3,301,330
State Tax(6.99%)	$1,796,430
Net Lumpsum Payment	$14,434,240

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$857,907	-$277,756 -$59,968	$520,183
2	$900,828	-$293,637 -$62,968	$544,223
3	$945,858	-$310,298 -$66,115	$569,445
4	$993,168	-$327,803 -$69,422	$595,943
5	$1,042,815	-$346,172 -$72,893	$623,750
6	$1,094,970	-$365,469 -$76,538	$652,963
7	$1,149,690	-$385,716 -$80,363	$683,611
8	$1,207,203	-$406,995 -$84,383	$715,825
9	$1,267,566	-$429,330 -$88,603	$749,633
10	$1,330,950	-$452,782 -$93,033	$785,135
11	$1,397,469	-$477,394 -$97,683	$822,392
12	$1,467,351	-$503,250 -$102,568	$861,533
13	$1,540,710	-$530,393 -$107,696	$902,621
14	$1,617,774	-$558,907 -$113,082	$945,785
15	$1,698,657	-$588,833 -$118,736	$991,088
16	$1,783,587	-$620,258 -$124,673	$1,038,656
17	$1,872,735	-$653,242 -$130,904	$1,088,589
18	$1,966,386	-$687,893 -$137,450	$1,141,043
19	$2,064,711	-$724,273 -$144,323	$1,196,115
20	$2,167,938	-$762,467 -$151,539	$1,253,932
21	$2,276,352	-$802,581 -$159,117	$1,314,654
22	$2,390,181	-$844,697 -$167,074	$1,378,410
23	$2,509,653	-$888,902 -$175,425	$1,445,326
24	$2,635,167	-$935,342 -$184,198	$1,515,627
25	$2,766,894	-$984,081 -$193,406	$1,589,407
26	$2,905,290	-$1,035,288 -$203,080	$1,666,922
27	$3,050,526	-$1,089,025 -$213,232	$1,748,269
28	$3,203,058	-$1,145,462 -$223,894	$1,833,702
29	$3,363,228	-$1,204,725 -$235,090	$1,923,413
30	$3,531,378	-$1,266,940 -$246,843	$2,017,595