The jackpot for the Powerball draw on Sat Sep 6, 2025, is projected to be $1.70 Billion, with an option for a cash payout of $770.3 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Connecticut residents, the state will deduct 6.99% from your lottery earnings.
| Connecticut Powerball Jackpot/Cash Option for Sat Sep 6, 2025 |
|---|
| Draw Date | Sat Sep 6, 2025 | | Projected Jackpot | $1,700,000,000 | | Cash Value | $770,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $770,300,000 | | Federal Tax(24%) | $184,872,000 | | Additional Federal Tax | $100,099,330 | | State Tax(6.99%) | $53,843,970 | | Net Lumpsum Payment | $431,484,700 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$25,586,700 |
$9,427,409
$1,788,510 |
$14,370,781 |
| 2 |
$26,866,800 |
$9,901,046
$1,877,989 |
$15,087,765 |
| 3 |
$28,209,800 |
$10,397,956
$1,971,865 |
$15,839,979 |
| 4 |
$29,620,800 |
$10,920,026
$2,070,494 |
$16,630,280 |
| 5 |
$31,101,500 |
$11,467,885
$2,173,995 |
$17,459,620 |
| 6 |
$32,657,000 |
$12,043,420
$2,282,724 |
$18,330,856 |
| 7 |
$34,289,000 |
$12,647,260
$2,396,801 |
$19,244,939 |
| 8 |
$36,004,300 |
$13,281,921
$2,516,701 |
$20,205,678 |
| 9 |
$37,804,600 |
$13,948,032
$2,642,542 |
$21,214,026 |
| 10 |
$39,695,000 |
$14,647,480
$2,774,681 |
$22,272,839 |
| 11 |
$41,678,900 |
$15,381,523
$2,913,355 |
$23,384,022 |
| 12 |
$43,763,100 |
$16,152,677
$3,059,041 |
$24,551,382 |
| 13 |
$45,951,000 |
$16,962,200
$3,211,975 |
$25,776,825 |
| 14 |
$48,249,400 |
$17,812,608
$3,372,633 |
$27,064,159 |
| 15 |
$50,661,700 |
$18,705,159
$3,541,253 |
$28,415,288 |
| 16 |
$53,194,700 |
$19,642,369
$3,718,310 |
$29,834,021 |
| 17 |
$55,853,500 |
$20,626,125
$3,904,160 |
$31,323,215 |
| 18 |
$58,646,600 |
$21,659,572
$4,099,397 |
$32,887,631 |
| 19 |
$61,579,100 |
$22,744,597
$4,304,379 |
$34,530,124 |
| 20 |
$64,657,800 |
$23,883,716
$4,519,580 |
$36,254,504 |
| 21 |
$67,891,200 |
$25,080,074
$4,745,595 |
$38,065,531 |
| 22 |
$71,286,100 |
$26,336,187
$4,982,898 |
$39,967,015 |
| 23 |
$74,849,300 |
$27,654,571
$5,231,966 |
$41,962,763 |
| 24 |
$78,592,700 |
$29,039,629
$5,493,630 |
$44,059,441 |
| 25 |
$82,521,400 |
$30,493,248
$5,768,246 |
$46,259,906 |
| 26 |
$86,649,000 |
$32,020,460
$6,056,765 |
$48,571,775 |
| 27 |
$90,980,600 |
$33,623,152
$6,359,544 |
$50,997,904 |
| 28 |
$95,529,800 |
$35,306,356
$6,677,533 |
$53,545,911 |
| 29 |
$100,306,800 |
$37,073,846
$7,011,445 |
$56,221,509 |
| 30 |
$105,321,800 |
$38,929,396
$7,361,994 |
$59,030,410 |
|
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