Connecticut Lottery

CTLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Nov 3, 2025 is estimated to be $419 Million, with a cash option of 198 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 3, 2025

Draw Date	Jackpot	Cash Option
Mon Nov 3, 2025	$419,000,000	$198,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$198,000,000
Federal Tax(24%)	$47,520,000
Additional Federal Tax	$25,700,330
State Tax(6.99%)	$13,840,200
Net Lumpsum Payment	$110,939,470

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,306,369	-$2,293,687 -$440,815	$3,571,867
2	$6,621,876	-$2,410,425 -$462,869	$3,748,582
3	$6,952,886	-$2,532,898 -$486,007	$3,933,981
4	$7,300,656	-$2,661,573 -$510,316	$4,128,767
5	$7,665,605	-$2,796,604 -$535,826	$4,333,175
6	$8,048,990	-$2,938,457 -$562,624	$4,547,909
7	$8,451,230	-$3,087,285 -$590,741	$4,773,204
8	$8,874,001	-$3,243,711 -$620,293	$5,009,997
9	$9,317,722	-$3,407,888 -$651,309	$5,258,525
10	$9,783,650	-$3,580,281 -$683,877	$5,519,492
11	$10,272,623	-$3,761,201 -$718,056	$5,793,366
12	$10,786,317	-$3,951,268 -$753,964	$6,081,085
13	$11,325,570	-$4,150,791 -$791,657	$6,383,122
14	$11,892,058	-$4,360,392 -$831,255	$6,700,411
15	$12,486,619	-$4,580,379 -$872,815	$7,033,425
16	$13,110,929	-$4,811,374 -$916,454	$7,383,101
17	$13,766,245	-$5,053,841 -$962,261	$7,750,143
18	$14,454,662	-$5,308,555 -$1,010,381	$8,135,726
19	$15,177,437	-$5,575,982 -$1,060,903	$8,540,552
20	$15,936,246	-$5,856,741 -$1,113,944	$8,965,561
21	$16,733,184	-$6,151,608 -$1,169,650	$9,411,926
22	$17,569,927	-$6,461,203 -$1,228,138	$9,880,586
23	$18,448,151	-$6,786,146 -$1,289,526	$10,372,479
24	$19,370,789	-$7,127,522 -$1,354,018	$10,889,249
25	$20,339,098	-$7,485,797 -$1,421,703	$11,431,598
26	$21,356,430	-$7,862,209 -$1,492,814	$12,001,407
27	$22,424,042	-$8,257,226 -$1,567,441	$12,599,375
28	$23,545,286	-$8,672,086 -$1,645,815	$13,227,385
29	$24,722,676	-$9,107,721 -$1,728,115	$13,886,840
30	$25,958,726	-$9,565,059 -$1,814,515	$14,579,152