Connecticut Lottery

CTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Mar 30, 2026 is estimated to be $180 Million, with a cash option of 80.8 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 30, 2026

Draw Date	Jackpot	Cash Option
Mon Mar 30, 2026	$180,000,000	$80,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$80,800,000
Federal Tax(24%)	$19,392,000
Additional Federal Tax	$10,464,330
State Tax(6.99%)	$5,647,920
Net Lumpsum Payment	$45,295,750

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,709,180	-$962,727 -$189,372	$1,557,081
2	$2,844,720	-$1,012,877 -$198,846	$1,632,997
3	$2,986,920	-$1,065,491 -$208,786	$1,712,643
4	$3,136,320	-$1,120,769 -$219,229	$1,796,322
5	$3,293,100	-$1,178,777 -$230,188	$1,884,135
6	$3,457,800	-$1,239,716 -$241,700	$1,976,384
7	$3,630,600	-$1,303,652 -$253,779	$2,073,169
8	$3,812,220	-$1,370,852 -$266,474	$2,174,894
9	$4,002,840	-$1,441,381 -$279,799	$2,281,660
10	$4,203,000	-$1,515,440 -$293,790	$2,393,770
11	$4,413,060	-$1,593,163 -$308,473	$2,511,424
12	$4,633,740	-$1,674,814 -$323,898	$2,635,028
13	$4,865,400	-$1,760,528 -$340,091	$2,764,781
14	$5,108,760	-$1,850,572 -$357,102	$2,901,086
15	$5,364,180	-$1,945,077 -$374,956	$3,044,147
16	$5,632,380	-$2,044,311 -$393,703	$3,194,366
17	$5,913,900	-$2,148,473 -$413,382	$3,352,045
18	$6,209,640	-$2,257,897 -$434,054	$3,517,689
19	$6,520,140	-$2,372,782 -$455,758	$3,691,600
20	$6,846,120	-$2,493,395 -$478,544	$3,874,181
21	$7,188,480	-$2,620,068 -$502,475	$4,065,937
22	$7,547,940	-$2,753,068 -$527,601	$4,267,271
23	$7,925,220	-$2,892,662 -$553,973	$4,478,585
24	$8,321,580	-$3,039,315 -$581,678	$4,700,587
25	$8,737,560	-$3,193,228 -$610,755	$4,933,577
26	$9,174,600	-$3,354,932 -$641,305	$5,178,363
27	$9,633,240	-$3,524,629 -$673,363	$5,435,248
28	$10,114,920	-$3,702,851 -$707,033	$5,705,036
29	$10,620,720	-$3,889,997 -$742,388	$5,988,335
30	$11,151,720	-$4,086,467 -$779,505	$6,285,748