The jackpot for the Powerball draw on Sat Jun 6, 2026, is projected to be $212 Million, with an option for a cash payout of $94.7 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 Jun 6, 2026 |
|---|
| Draw Date | Sat Jun 6, 2026 | | Projected Jackpot | $212,000,000 | | Cash Value | $94,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $94,700,000 | | Federal Tax(24%) | $22,728,000 | | Additional Federal Tax | $12,271,330 | | State Tax(6.99%) | $6,619,530 | | Net Lumpsum Payment | $53,081,140 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,190,812 |
$1,140,931
$223,038 |
$1,826,843 |
| 2 |
$3,350,448 |
$1,199,996
$234,196 |
$1,916,256 |
| 3 |
$3,517,928 |
$1,261,964
$245,903 |
$2,010,061 |
| 4 |
$3,693,888 |
$1,327,069
$258,203 |
$2,108,616 |
| 5 |
$3,878,540 |
$1,395,390
$271,110 |
$2,212,040 |
| 6 |
$4,072,520 |
$1,467,163
$284,669 |
$2,320,688 |
| 7 |
$4,276,040 |
$1,542,465
$298,895 |
$2,434,680 |
| 8 |
$4,489,948 |
$1,621,611
$313,847 |
$2,554,490 |
| 9 |
$4,714,456 |
$1,704,679
$329,540 |
$2,680,237 |
| 10 |
$4,950,200 |
$1,791,904
$346,019 |
$2,812,277 |
| 11 |
$5,197,604 |
$1,883,444
$363,313 |
$2,950,847 |
| 12 |
$5,457,516 |
$1,979,611
$381,480 |
$3,096,425 |
| 13 |
$5,730,360 |
$2,080,564
$400,552 |
$3,249,244 |
| 14 |
$6,016,984 |
$2,186,614
$420,587 |
$3,409,783 |
| 15 |
$6,317,812 |
$2,297,921
$441,615 |
$3,578,276 |
| 16 |
$6,633,692 |
$2,414,796
$463,695 |
$3,755,201 |
| 17 |
$6,965,260 |
$2,537,477
$486,872 |
$3,940,911 |
| 18 |
$7,313,576 |
$2,666,354
$511,219 |
$4,136,003 |
| 19 |
$7,679,276 |
$2,801,663
$536,781 |
$4,340,832 |
| 20 |
$8,063,208 |
$2,943,717
$563,618 |
$4,555,873 |
| 21 |
$8,466,432 |
$3,092,910
$591,804 |
$4,781,718 |
| 22 |
$8,889,796 |
$3,249,555
$621,397 |
$5,018,844 |
| 23 |
$9,334,148 |
$3,413,965
$652,457 |
$5,267,726 |
| 24 |
$9,800,972 |
$3,586,690
$685,088 |
$5,529,194 |
| 25 |
$10,290,904 |
$3,767,965
$719,334 |
$5,803,605 |
| 26 |
$10,805,640 |
$3,958,417
$755,314 |
$6,091,909 |
| 27 |
$11,345,816 |
$4,158,282
$793,073 |
$6,394,461 |
| 28 |
$11,913,128 |
$4,368,188
$832,728 |
$6,712,212 |
| 29 |
$12,508,848 |
$4,588,604
$874,368 |
$7,045,876 |
| 30 |
$13,134,248 |
$4,820,002
$918,084 |
$7,396,162 |
|
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