The jackpot for the Powerball draw on Wed Nov 5, 2025, is projected to be $438 Million, with an option for a cash payout of $207 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 Wed Nov 5, 2025 |
|---|
| Draw Date | Wed Nov 5, 2025 | | Projected Jackpot | $438,000,000 | | Cash Value | $207,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $207,000,000 | | Federal Tax(24%) | $49,680,000 | | Additional Federal Tax | $26,870,330 | | State Tax(6.99%) | $14,469,300 | | Net Lumpsum Payment | $115,980,370 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,592,338 |
$2,399,495
$460,804 |
$3,732,039 |
| 2 |
$6,922,152 |
$2,521,527
$483,858 |
$3,916,767 |
| 3 |
$7,268,172 |
$2,649,554
$508,045 |
$4,110,573 |
| 4 |
$7,631,712 |
$2,784,064
$533,457 |
$4,314,191 |
| 5 |
$8,013,210 |
$2,925,218
$560,123 |
$4,527,869 |
| 6 |
$8,413,980 |
$3,073,503
$588,137 |
$4,752,340 |
| 7 |
$8,834,460 |
$3,229,081
$617,529 |
$4,987,850 |
| 8 |
$9,276,402 |
$3,392,599
$648,420 |
$5,235,383 |
| 9 |
$9,740,244 |
$3,564,221
$680,843 |
$5,495,180 |
| 10 |
$10,227,300 |
$3,744,431
$714,888 |
$5,767,981 |
| 11 |
$10,738,446 |
$3,933,555
$750,617 |
$6,054,274 |
| 12 |
$11,275,434 |
$4,132,241
$788,153 |
$6,355,040 |
| 13 |
$11,839,140 |
$4,340,812
$827,556 |
$6,670,772 |
| 14 |
$12,431,316 |
$4,559,917
$868,949 |
$7,002,450 |
| 15 |
$13,052,838 |
$4,789,880
$912,393 |
$7,350,565 |
| 16 |
$13,705,458 |
$5,031,350
$958,012 |
$7,716,096 |
| 17 |
$14,390,490 |
$5,284,812
$1,005,895 |
$8,099,783 |
| 18 |
$15,110,124 |
$5,551,076
$1,056,198 |
$8,502,850 |
| 19 |
$15,865,674 |
$5,830,630
$1,109,011 |
$8,926,033 |
| 20 |
$16,658,892 |
$6,124,120
$1,164,457 |
$9,370,315 |
| 21 |
$17,491,968 |
$6,432,359
$1,222,689 |
$9,836,920 |
| 22 |
$18,366,654 |
$6,755,992
$1,283,829 |
$10,326,833 |
| 23 |
$19,284,702 |
$7,095,670
$1,348,001 |
$10,841,031 |
| 24 |
$20,249,178 |
$7,452,526
$1,415,418 |
$11,381,234 |
| 25 |
$21,261,396 |
$7,827,047
$1,486,172 |
$11,948,177 |
| 26 |
$22,324,860 |
$8,220,529
$1,560,508 |
$12,543,823 |
| 27 |
$23,440,884 |
$8,633,457
$1,638,518 |
$13,168,909 |
| 28 |
$24,612,972 |
$9,067,130
$1,720,447 |
$13,825,395 |
| 29 |
$25,843,752 |
$9,522,519
$1,806,478 |
$14,514,755 |
| 30 |
$27,135,852 |
$10,000,596
$1,896,796 |
$15,238,460 |
|
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