The jackpot for the Powerball draw on Mon Sep 21, 2026, is projected to be $313 Million, with an option for a cash payout of $133.6 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 Sep 21, 2026 |
|---|
| Draw Date | Mon Sep 21, 2026 | | Projected Jackpot | $313,000,000 | | Cash Value | $133,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $133,600,000 | | Federal Tax(24%) | $32,064,000 | | Additional Federal Tax | $17,328,330 | | State Tax(6.99%) | $9,338,640 | | Net Lumpsum Payment | $74,869,030 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,710,963 |
$1,703,387
$329,296 |
$2,678,280 |
| 2 |
$4,946,652 |
$1,790,592
$345,771 |
$2,810,289 |
| 3 |
$5,193,922 |
$1,882,082
$363,055 |
$2,948,785 |
| 4 |
$5,453,712 |
$1,978,204
$381,214 |
$3,094,294 |
| 5 |
$5,726,335 |
$2,079,074
$400,271 |
$3,246,990 |
| 6 |
$6,012,730 |
$2,185,040
$420,290 |
$3,407,400 |
| 7 |
$6,313,210 |
$2,296,218
$441,293 |
$3,575,699 |
| 8 |
$6,629,027 |
$2,413,070
$463,369 |
$3,752,588 |
| 9 |
$6,960,494 |
$2,535,713
$486,539 |
$3,938,242 |
| 10 |
$7,308,550 |
$2,664,494
$510,868 |
$4,133,188 |
| 11 |
$7,673,821 |
$2,799,644
$536,400 |
$4,337,777 |
| 12 |
$8,057,559 |
$2,941,627
$563,223 |
$4,552,709 |
| 13 |
$8,460,390 |
$3,090,675
$591,381 |
$4,778,334 |
| 14 |
$8,883,566 |
$3,247,250
$620,961 |
$5,015,355 |
| 15 |
$9,327,713 |
$3,411,584
$652,007 |
$5,264,122 |
| 16 |
$9,794,083 |
$3,584,141
$684,606 |
$5,525,336 |
| 17 |
$10,283,615 |
$3,765,268
$718,825 |
$5,799,522 |
| 18 |
$10,797,874 |
$3,955,544
$754,771 |
$6,087,559 |
| 19 |
$11,337,799 |
$4,155,316
$792,512 |
$6,389,971 |
| 20 |
$11,904,642 |
$4,365,048
$832,134 |
$6,707,460 |
| 21 |
$12,499,968 |
$4,585,319
$873,748 |
$7,040,901 |
| 22 |
$13,125,029 |
$4,816,591
$917,440 |
$7,390,998 |
| 23 |
$13,781,077 |
$5,059,329
$963,297 |
$7,758,451 |
| 24 |
$14,470,303 |
$5,314,342
$1,011,474 |
$8,144,487 |
| 25 |
$15,193,646 |
$5,581,979
$1,062,036 |
$8,549,631 |
| 26 |
$15,953,610 |
$5,863,166
$1,115,157 |
$8,975,287 |
| 27 |
$16,751,134 |
$6,158,250
$1,170,904 |
$9,421,980 |
| 28 |
$17,588,722 |
$6,468,158
$1,229,452 |
$9,891,112 |
| 29 |
$18,468,252 |
$6,793,584
$1,290,931 |
$10,383,737 |
| 30 |
$19,391,602 |
$7,135,223
$1,355,473 |
$10,900,906 |
|
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