Connecticut Lottery

CTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Feb 16, 2026 is estimated to be $154 Million, with a cash option of 72.2 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 Feb 16, 2026

Draw Date	Jackpot	Cash Option
Mon Feb 16, 2026	$154,000,000	$72,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$72,200,000
Federal Tax(24%)	$17,328,000
Additional Federal Tax	$9,346,330
State Tax(6.99%)	$5,046,780
Net Lumpsum Payment	$40,478,890

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,317,854	-$817,936 -$162,018	$1,337,900
2	$2,433,816	-$860,842 -$170,124	$1,402,850
3	$2,555,476	-$905,857 -$178,628	$1,470,991
4	$2,683,296	-$953,150 -$187,562	$1,542,584
5	$2,817,430	-$1,002,779 -$196,938	$1,617,713
6	$2,958,340	-$1,054,916 -$206,788	$1,696,636
7	$3,106,180	-$1,109,617 -$217,122	$1,779,441
8	$3,261,566	-$1,167,110 -$227,983	$1,866,473
9	$3,424,652	-$1,227,452 -$239,383	$1,957,817
10	$3,595,900	-$1,290,813 -$251,353	$2,053,734
11	$3,775,618	-$1,357,309 -$263,916	$2,154,393
12	$3,964,422	-$1,427,167 -$277,113	$2,260,142
13	$4,162,620	-$1,500,500 -$290,967	$2,371,153
14	$4,370,828	-$1,577,537 -$305,521	$2,487,770
15	$4,589,354	-$1,658,391 -$320,796	$2,610,167
16	$4,818,814	-$1,743,292 -$336,835	$2,738,687
17	$5,059,670	-$1,832,408 -$353,671	$2,873,591
18	$5,312,692	-$1,926,026 -$371,357	$3,015,309
19	$5,578,342	-$2,024,317 -$389,926	$3,164,099
20	$5,857,236	-$2,127,508 -$409,421	$3,320,307
21	$6,150,144	-$2,235,884 -$429,895	$3,484,365
22	$6,457,682	-$2,349,673 -$451,392	$3,656,617
23	$6,780,466	-$2,469,103 -$473,955	$3,837,408
24	$7,119,574	-$2,594,573 -$497,658	$4,027,343
25	$7,475,468	-$2,726,254 -$522,535	$4,226,679
26	$7,849,380	-$2,864,601 -$548,672	$4,436,107
27	$8,241,772	-$3,009,786 -$576,100	$4,655,886
28	$8,653,876	-$3,162,265 -$604,906	$4,886,705
29	$9,086,616	-$3,322,378 -$635,154	$5,129,084
30	$9,540,916	-$3,490,469 -$666,910	$5,383,537