The jackpot for the Powerball draw on Sat Sep 19, 2026, is projected to be $298 Million, with an option for a cash payout of $126.6 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 Sat Sep 19, 2026 |
|---|
| Draw Date | Sat Sep 19, 2026 | | Projected Jackpot | $298,000,000 | | Cash Value | $126,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $126,600,000 | | Federal Tax(24%) | $30,384,000 | | Additional Federal Tax | $16,418,330 | | State Tax(6.99%) | $8,849,340 | | Net Lumpsum Payment | $70,948,330 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,485,198 |
$1,619,854
$313,515 |
$2,551,829 |
| 2 |
$4,709,592 |
$1,702,879
$329,200 |
$2,677,513 |
| 3 |
$4,945,012 |
$1,789,985
$345,656 |
$2,809,371 |
| 4 |
$5,192,352 |
$1,881,501
$362,945 |
$2,947,906 |
| 5 |
$5,451,910 |
$1,977,537
$381,089 |
$3,093,284 |
| 6 |
$5,724,580 |
$2,078,425
$400,148 |
$3,246,007 |
| 7 |
$6,010,660 |
$2,184,275
$420,145 |
$3,406,240 |
| 8 |
$6,311,342 |
$2,295,527
$441,163 |
$3,574,652 |
| 9 |
$6,626,924 |
$2,412,292
$463,222 |
$3,751,410 |
| 10 |
$6,958,300 |
$2,534,901
$486,385 |
$3,937,014 |
| 11 |
$7,306,066 |
$2,663,575
$510,694 |
$4,131,797 |
| 12 |
$7,671,414 |
$2,798,754
$536,232 |
$4,336,428 |
| 13 |
$8,054,940 |
$2,940,658
$563,040 |
$4,551,242 |
| 14 |
$8,457,836 |
$3,089,730
$591,203 |
$4,776,903 |
| 15 |
$8,880,698 |
$3,246,189
$620,761 |
$5,013,748 |
| 16 |
$9,324,718 |
$3,410,476
$651,798 |
$5,262,444 |
| 17 |
$9,790,790 |
$3,582,923
$684,376 |
$5,523,491 |
| 18 |
$10,280,404 |
$3,764,080
$718,600 |
$5,797,724 |
| 19 |
$10,794,454 |
$3,954,278
$754,532 |
$6,085,644 |
| 20 |
$11,334,132 |
$4,153,959
$792,256 |
$6,387,917 |
| 21 |
$11,900,928 |
$4,363,674
$831,875 |
$6,705,379 |
| 22 |
$12,496,034 |
$4,583,863
$873,473 |
$7,038,698 |
| 23 |
$13,120,642 |
$4,814,968
$917,133 |
$7,388,541 |
| 24 |
$13,776,838 |
$5,057,760
$963,001 |
$7,756,077 |
| 25 |
$14,465,516 |
$5,312,571
$1,011,140 |
$8,141,805 |
| 26 |
$15,189,060 |
$5,580,283
$1,061,715 |
$8,547,062 |
| 27 |
$15,948,364 |
$5,861,225
$1,114,791 |
$8,972,348 |
| 28 |
$16,745,812 |
$6,156,281
$1,170,532 |
$9,418,999 |
| 29 |
$17,583,192 |
$6,466,111
$1,229,065 |
$9,888,016 |
| 30 |
$18,462,292 |
$6,791,378
$1,290,514 |
$10,380,400 |
|
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