The jackpot for the Powerball draw on Mon Dec 22, 2025, is projected to be $1.60 Billion, with an option for a cash payout of $735.3 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 Dec 22, 2025 |
|---|
| Draw Date | Mon Dec 22, 2025 | | Projected Jackpot | $1,600,000,000 | | Cash Value | $735,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $735,300,000 | | Federal Tax(24%) | $176,472,000 | | Additional Federal Tax | $95,549,330 | | State Tax(6.99%) | $51,397,470 | | Net Lumpsum Payment | $411,881,200 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$24,081,600 |
$8,870,522
$1,683,304 |
$13,527,774 |
| 2 |
$25,286,400 |
$9,316,298
$1,767,519 |
$14,202,583 |
| 3 |
$26,550,400 |
$9,783,978
$1,855,873 |
$14,910,549 |
| 4 |
$27,878,400 |
$10,275,338
$1,948,700 |
$15,654,362 |
| 5 |
$29,272,000 |
$10,790,970
$2,046,113 |
$16,434,917 |
| 6 |
$30,736,000 |
$11,332,650
$2,148,446 |
$17,254,904 |
| 7 |
$32,272,000 |
$11,900,970
$2,255,813 |
$18,115,217 |
| 8 |
$33,886,400 |
$12,498,298
$2,368,659 |
$19,019,443 |
| 9 |
$35,580,800 |
$13,125,226
$2,487,098 |
$19,968,476 |
| 10 |
$37,360,000 |
$13,783,530
$2,611,464 |
$20,965,006 |
| 11 |
$39,227,200 |
$14,474,394
$2,741,981 |
$22,010,825 |
| 12 |
$41,188,800 |
$15,200,186
$2,879,097 |
$23,109,517 |
| 13 |
$43,248,000 |
$15,962,090
$3,023,035 |
$24,262,875 |
| 14 |
$45,411,200 |
$16,762,474
$3,174,243 |
$25,474,483 |
| 15 |
$47,681,600 |
$17,602,522
$3,332,944 |
$26,746,134 |
| 16 |
$50,065,600 |
$18,484,602
$3,499,585 |
$28,081,413 |
| 17 |
$52,568,000 |
$19,410,490
$3,674,503 |
$29,483,007 |
| 18 |
$55,196,800 |
$20,383,146
$3,858,256 |
$30,955,398 |
| 19 |
$57,956,800 |
$21,404,346
$4,051,180 |
$32,501,274 |
| 20 |
$60,854,400 |
$22,476,458
$4,253,723 |
$34,124,219 |
| 21 |
$63,897,600 |
$23,602,442
$4,466,442 |
$35,828,716 |
| 22 |
$67,092,800 |
$24,784,666
$4,689,787 |
$37,618,347 |
| 23 |
$70,446,400 |
$26,025,498
$4,924,203 |
$39,496,699 |
| 24 |
$73,969,600 |
$27,329,082
$5,170,475 |
$41,470,043 |
| 25 |
$77,667,200 |
$28,697,194
$5,428,937 |
$43,541,069 |
| 26 |
$81,552,000 |
$30,134,570
$5,700,485 |
$45,716,945 |
| 27 |
$85,628,800 |
$31,642,986
$5,985,453 |
$48,000,361 |
| 28 |
$89,910,400 |
$33,227,178
$6,284,737 |
$50,398,485 |
| 29 |
$94,406,400 |
$34,890,698
$6,599,007 |
$52,916,695 |
| 30 |
$99,126,400 |
$36,637,098
$6,928,935 |
$55,560,367 |
|
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