The jackpot for the Powerball draw on Sat Oct 11, 2025, is projected to be $244 Million, with an option for a cash payout of $114.2 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 Oct 11, 2025 |
|---|
| Draw Date | Sat Oct 11, 2025 | | Projected Jackpot | $244,000,000 | | Cash Value | $114,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $114,200,000 | | Federal Tax(24%) | $27,408,000 | | Additional Federal Tax | $14,806,330 | | State Tax(6.99%) | $7,982,580 | | Net Lumpsum Payment | $64,003,090 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,672,444 |
$1,319,135
$256,704 |
$2,096,605 |
| 2 |
$3,856,176 |
$1,387,116
$269,547 |
$2,199,513 |
| 3 |
$4,048,936 |
$1,458,437
$283,021 |
$2,307,478 |
| 4 |
$4,251,456 |
$1,533,369
$297,177 |
$2,420,910 |
| 5 |
$4,463,980 |
$1,612,003
$312,032 |
$2,539,945 |
| 6 |
$4,687,240 |
$1,694,609
$327,638 |
$2,664,993 |
| 7 |
$4,921,480 |
$1,781,278
$344,011 |
$2,796,191 |
| 8 |
$5,167,676 |
$1,872,371
$361,221 |
$2,934,084 |
| 9 |
$5,426,072 |
$1,967,977
$379,282 |
$3,078,813 |
| 10 |
$5,697,400 |
$2,068,368
$398,248 |
$3,230,784 |
| 11 |
$5,982,148 |
$2,173,725
$418,152 |
$3,390,271 |
| 12 |
$6,281,292 |
$2,284,408
$439,062 |
$3,557,822 |
| 13 |
$6,595,320 |
$2,400,599
$461,013 |
$3,733,708 |
| 14 |
$6,925,208 |
$2,522,657
$484,072 |
$3,918,479 |
| 15 |
$7,271,444 |
$2,650,765
$508,274 |
$4,112,405 |
| 16 |
$7,635,004 |
$2,785,282
$533,687 |
$4,316,035 |
| 17 |
$8,016,620 |
$2,926,480
$560,362 |
$4,529,778 |
| 18 |
$8,417,512 |
$3,074,810
$588,384 |
$4,754,318 |
| 19 |
$8,838,412 |
$3,230,543
$617,805 |
$4,990,064 |
| 20 |
$9,280,296 |
$3,394,040
$648,693 |
$5,237,563 |
| 21 |
$9,744,384 |
$3,565,752
$681,132 |
$5,497,500 |
| 22 |
$10,231,652 |
$3,746,042
$715,192 |
$5,770,418 |
| 23 |
$10,743,076 |
$3,935,269
$750,941 |
$6,056,866 |
| 24 |
$11,280,364 |
$4,134,065
$788,497 |
$6,357,802 |
| 25 |
$11,844,248 |
$4,342,702
$827,913 |
$6,673,633 |
| 26 |
$12,436,680 |
$4,561,902
$869,324 |
$7,005,454 |
| 27 |
$13,058,392 |
$4,791,935
$912,782 |
$7,353,675 |
| 28 |
$13,711,336 |
$5,033,525
$958,422 |
$7,719,389 |
| 29 |
$14,396,976 |
$5,287,212
$1,006,349 |
$8,103,415 |
| 30 |
$15,116,776 |
$5,553,538
$1,056,663 |
$8,506,575 |
|
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