The jackpot for the Powerball draw on Sat Nov 8, 2025, is projected to be $467 Million, with an option for a cash payout of $220.7 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 Nov 8, 2025 |
|---|
| Draw Date | Sat Nov 8, 2025 | | Projected Jackpot | $467,000,000 | | Cash Value | $220,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $220,700,000 | | Federal Tax(24%) | $52,968,000 | | Additional Federal Tax | $28,651,330 | | State Tax(6.99%) | $15,426,930 | | Net Lumpsum Payment | $123,653,740 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,028,817 |
$2,560,993
$491,314 |
$3,976,510 |
| 2 |
$7,380,468 |
$2,691,104
$515,895 |
$4,173,469 |
| 3 |
$7,749,398 |
$2,827,608
$541,683 |
$4,380,107 |
| 4 |
$8,137,008 |
$2,971,023
$568,777 |
$4,597,208 |
| 5 |
$8,543,765 |
$3,121,523
$597,209 |
$4,825,033 |
| 6 |
$8,971,070 |
$3,279,626
$627,078 |
$5,064,366 |
| 7 |
$9,419,390 |
$3,445,505
$658,415 |
$5,315,470 |
| 8 |
$9,890,593 |
$3,619,850
$691,352 |
$5,579,391 |
| 9 |
$10,385,146 |
$3,802,834
$725,922 |
$5,856,390 |
| 10 |
$10,904,450 |
$3,994,977
$762,221 |
$6,147,252 |
| 11 |
$11,449,439 |
$4,196,623
$800,316 |
$6,452,500 |
| 12 |
$12,021,981 |
$4,408,463
$840,336 |
$6,773,182 |
| 13 |
$12,623,010 |
$4,630,844
$882,348 |
$7,109,818 |
| 14 |
$13,254,394 |
$4,864,456
$926,482 |
$7,463,456 |
| 15 |
$13,917,067 |
$5,109,645
$972,803 |
$7,834,619 |
| 16 |
$14,612,897 |
$5,367,102
$1,021,442 |
$8,224,353 |
| 17 |
$15,343,285 |
$5,637,346
$1,072,496 |
$8,633,443 |
| 18 |
$16,110,566 |
$5,921,240
$1,126,129 |
$9,063,197 |
| 19 |
$16,916,141 |
$6,219,303
$1,182,438 |
$9,514,400 |
| 20 |
$17,761,878 |
$6,532,225
$1,241,555 |
$9,988,098 |
| 21 |
$18,650,112 |
$6,860,872
$1,303,643 |
$10,485,597 |
| 22 |
$19,582,711 |
$7,205,933
$1,368,831 |
$11,007,947 |
| 23 |
$20,561,543 |
$7,568,101
$1,437,252 |
$11,556,190 |
| 24 |
$21,589,877 |
$7,948,585
$1,509,132 |
$12,132,160 |
| 25 |
$22,669,114 |
$8,347,903
$1,584,571 |
$12,736,640 |
| 26 |
$23,802,990 |
$8,767,437
$1,663,829 |
$13,371,724 |
| 27 |
$24,992,906 |
$9,207,706
$1,747,004 |
$14,038,196 |
| 28 |
$26,242,598 |
$9,670,092
$1,834,358 |
$14,738,148 |
| 29 |
$27,554,868 |
$10,155,632
$1,926,085 |
$15,473,151 |
| 30 |
$28,932,518 |
$10,665,362
$2,022,383 |
$16,244,773 |
|
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