The jackpot for the Powerball draw on Sat Sep 20, 2025, is projected to be $99 Million, with an option for a cash payout of $46.3 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 20, 2025 |
|---|
| Draw Date | Sat Sep 20, 2025 | | Projected Jackpot | $99,000,000 | | Cash Value | $46,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $46,300,000 | | Federal Tax(24%) | $11,112,000 | | Additional Federal Tax | $5,979,330 | | State Tax(6.99%) | $3,236,370 | | Net Lumpsum Payment | $25,972,300 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,490,049 |
$511,649
$104,154 |
$874,246 |
| 2 |
$1,564,596 |
$539,231
$109,365 |
$916,000 |
| 3 |
$1,642,806 |
$568,169
$114,832 |
$959,805 |
| 4 |
$1,724,976 |
$598,572
$120,576 |
$1,005,828 |
| 5 |
$1,811,205 |
$630,476
$126,603 |
$1,054,126 |
| 6 |
$1,901,790 |
$663,993
$132,935 |
$1,104,862 |
| 7 |
$1,996,830 |
$699,157
$139,578 |
$1,158,095 |
| 8 |
$2,096,721 |
$736,117
$146,561 |
$1,214,043 |
| 9 |
$2,201,562 |
$774,908
$153,889 |
$1,272,765 |
| 10 |
$2,311,650 |
$815,641
$161,584 |
$1,334,425 |
| 11 |
$2,427,183 |
$858,388
$169,660 |
$1,399,135 |
| 12 |
$2,548,557 |
$903,296
$178,144 |
$1,467,117 |
| 13 |
$2,675,970 |
$950,439
$187,050 |
$1,538,481 |
| 14 |
$2,809,818 |
$999,963
$196,406 |
$1,613,449 |
| 15 |
$2,950,299 |
$1,051,941
$206,226 |
$1,692,132 |
| 16 |
$3,097,809 |
$1,106,520
$216,537 |
$1,774,752 |
| 17 |
$3,252,645 |
$1,163,809
$227,360 |
$1,861,476 |
| 18 |
$3,415,302 |
$1,223,992
$238,730 |
$1,952,580 |
| 19 |
$3,586,077 |
$1,287,179
$250,667 |
$2,048,231 |
| 20 |
$3,765,366 |
$1,353,516
$263,199 |
$2,148,651 |
| 21 |
$3,953,664 |
$1,423,186
$276,361 |
$2,254,117 |
| 22 |
$4,151,367 |
$1,496,336
$290,181 |
$2,364,850 |
| 23 |
$4,358,871 |
$1,573,113
$304,685 |
$2,481,073 |
| 24 |
$4,576,869 |
$1,653,772
$319,923 |
$2,603,174 |
| 25 |
$4,805,658 |
$1,738,424
$335,915 |
$2,731,319 |
| 26 |
$5,046,030 |
$1,827,361
$352,717 |
$2,865,952 |
| 27 |
$5,298,282 |
$1,920,695
$370,350 |
$3,007,237 |
| 28 |
$5,563,206 |
$2,018,717
$388,868 |
$3,155,621 |
| 29 |
$5,841,396 |
$2,121,647
$408,314 |
$3,311,435 |
| 30 |
$6,133,446 |
$2,229,705
$428,728 |
$3,475,013 |
|
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