The jackpot for the Powerball draw on Mon Apr 6, 2026, is projected to be $231 Million, with an option for a cash payout of $105 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 Apr 6, 2026 |
|---|
| Draw Date | Mon Apr 6, 2026 | | Projected Jackpot | $231,000,000 | | Cash Value | $105,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $105,000,000 | | Federal Tax(24%) | $25,200,000 | | Additional Federal Tax | $13,610,330 | | State Tax(6.99%) | $7,339,500 | | Net Lumpsum Payment | $58,850,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,476,781 |
$1,246,739
$243,027 |
$1,987,015 |
| 2 |
$3,650,724 |
$1,311,098
$255,186 |
$2,084,440 |
| 3 |
$3,833,214 |
$1,378,620
$267,942 |
$2,186,652 |
| 4 |
$4,024,944 |
$1,449,560
$281,344 |
$2,294,040 |
| 5 |
$4,226,145 |
$1,524,004
$295,408 |
$2,406,733 |
| 6 |
$4,437,510 |
$1,602,209
$310,182 |
$2,525,119 |
| 7 |
$4,659,270 |
$1,684,260
$325,683 |
$2,649,327 |
| 8 |
$4,892,349 |
$1,770,500
$341,975 |
$2,779,874 |
| 9 |
$5,136,978 |
$1,861,012
$359,075 |
$2,916,891 |
| 10 |
$5,393,850 |
$1,956,055
$377,030 |
$3,060,765 |
| 11 |
$5,663,427 |
$2,055,798
$395,874 |
$3,211,755 |
| 12 |
$5,946,633 |
$2,160,585
$415,670 |
$3,370,378 |
| 13 |
$6,243,930 |
$2,270,584
$436,451 |
$3,536,895 |
| 14 |
$6,556,242 |
$2,386,140
$458,281 |
$3,711,821 |
| 15 |
$6,884,031 |
$2,507,422
$481,194 |
$3,895,415 |
| 16 |
$7,228,221 |
$2,634,772
$505,253 |
$4,088,196 |
| 17 |
$7,589,505 |
$2,768,447
$530,506 |
$4,290,552 |
| 18 |
$7,969,038 |
$2,908,874
$557,036 |
$4,503,128 |
| 19 |
$8,367,513 |
$3,056,310
$584,889 |
$4,726,314 |
| 20 |
$8,785,854 |
$3,211,096
$614,131 |
$4,960,627 |
| 21 |
$9,225,216 |
$3,373,660
$644,843 |
$5,206,713 |
| 22 |
$9,686,523 |
$3,544,344
$677,088 |
$5,465,091 |
| 23 |
$10,170,699 |
$3,723,489
$710,932 |
$5,736,278 |
| 24 |
$10,679,361 |
$3,911,694
$746,487 |
$6,021,180 |
| 25 |
$11,213,202 |
$4,109,215
$783,803 |
$6,320,184 |
| 26 |
$11,774,070 |
$4,316,736
$823,007 |
$6,634,327 |
| 27 |
$12,362,658 |
$4,534,514
$864,150 |
$6,963,994 |
| 28 |
$12,980,814 |
$4,763,232
$907,359 |
$7,310,223 |
| 29 |
$13,629,924 |
$5,003,402
$952,732 |
$7,673,790 |
| 30 |
$14,311,374 |
$5,255,539
$1,000,365 |
$8,055,470 |
|
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