The jackpot for the Powerball draw on Mon Dec 15, 2025, is projected to be $1.10 Billion, with an option for a cash payout of $503.4 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 Mon Dec 15, 2025 |
|---|
| Draw Date | Mon Dec 15, 2025 | | Projected Jackpot | $1,100,000,000 | | Cash Value | $503,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $503,400,000 | | Federal Tax(24%) | $120,816,000 | | Additional Federal Tax | $65,402,330 | | State Tax(6.99%) | $35,187,660 | | Net Lumpsum Payment | $281,994,010 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$16,556,100 |
$6,086,087
$1,157,271 |
$9,312,742 |
| 2 |
$17,384,400 |
$6,392,558
$1,215,170 |
$9,776,672 |
| 3 |
$18,253,400 |
$6,714,088
$1,275,913 |
$10,263,399 |
| 4 |
$19,166,400 |
$7,051,898
$1,339,731 |
$10,774,771 |
| 5 |
$20,124,500 |
$7,406,395
$1,406,703 |
$11,311,402 |
| 6 |
$21,131,000 |
$7,778,800
$1,477,057 |
$11,875,143 |
| 7 |
$22,187,000 |
$8,169,520
$1,550,871 |
$12,466,609 |
| 8 |
$23,296,900 |
$8,580,183
$1,628,453 |
$13,088,264 |
| 9 |
$24,461,800 |
$9,011,196
$1,709,880 |
$13,740,724 |
| 10 |
$25,685,000 |
$9,463,780
$1,795,382 |
$14,425,838 |
| 11 |
$26,968,700 |
$9,938,749
$1,885,112 |
$15,144,839 |
| 12 |
$28,317,300 |
$10,437,731
$1,979,379 |
$15,900,190 |
| 13 |
$29,733,000 |
$10,961,540
$2,078,337 |
$16,693,123 |
| 14 |
$31,220,200 |
$11,511,804
$2,182,292 |
$17,526,104 |
| 15 |
$32,781,100 |
$12,089,337
$2,291,399 |
$18,400,364 |
| 16 |
$34,420,100 |
$12,695,767
$2,405,965 |
$19,318,368 |
| 17 |
$36,140,500 |
$13,332,315
$2,526,221 |
$20,281,964 |
| 18 |
$37,947,800 |
$14,001,016
$2,652,551 |
$21,294,233 |
| 19 |
$39,845,300 |
$14,703,091
$2,785,186 |
$22,357,023 |
| 20 |
$41,837,400 |
$15,440,168
$2,924,434 |
$23,472,798 |
| 21 |
$43,929,600 |
$16,214,282
$3,070,679 |
$24,644,639 |
| 22 |
$46,126,300 |
$17,027,061
$3,224,228 |
$25,875,011 |
| 23 |
$48,431,900 |
$17,880,133
$3,385,390 |
$27,166,377 |
| 24 |
$50,854,100 |
$18,776,347
$3,554,702 |
$28,523,051 |
| 25 |
$53,396,200 |
$19,716,924
$3,732,394 |
$29,946,882 |
| 26 |
$56,067,000 |
$20,705,120
$3,919,083 |
$31,442,797 |
| 27 |
$58,869,800 |
$21,742,156
$4,114,999 |
$33,012,645 |
| 28 |
$61,813,400 |
$22,831,288
$4,320,757 |
$34,661,355 |
| 29 |
$64,904,400 |
$23,974,958
$4,536,818 |
$36,392,624 |
| 30 |
$68,149,400 |
$25,175,608
$4,763,643 |
$38,210,149 |
|
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