The jackpot for the Powerball draw on Mon Oct 13, 2025, is projected to be $258 Million, with an option for a cash payout of $120.8 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 Oct 13, 2025 |
|---|
| Draw Date | Mon Oct 13, 2025 | | Projected Jackpot | $258,000,000 | | Cash Value | $120,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $120,800,000 | | Federal Tax(24%) | $28,992,000 | | Additional Federal Tax | $15,664,330 | | State Tax(6.99%) | $8,443,920 | | Net Lumpsum Payment | $67,699,750 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,883,158 |
$1,397,099
$271,433 |
$2,214,626 |
| 2 |
$4,077,432 |
$1,468,980
$285,012 |
$2,323,440 |
| 3 |
$4,281,252 |
$1,544,394
$299,260 |
$2,437,598 |
| 4 |
$4,495,392 |
$1,623,625
$314,228 |
$2,557,539 |
| 5 |
$4,720,110 |
$1,706,771
$329,936 |
$2,683,403 |
| 6 |
$4,956,180 |
$1,794,117
$346,437 |
$2,815,626 |
| 7 |
$5,203,860 |
$1,885,759
$363,750 |
$2,954,351 |
| 8 |
$5,464,182 |
$1,982,078
$381,946 |
$3,100,158 |
| 9 |
$5,737,404 |
$2,083,170
$401,045 |
$3,253,189 |
| 10 |
$6,024,300 |
$2,189,321
$421,099 |
$3,413,880 |
| 11 |
$6,325,386 |
$2,300,723
$442,144 |
$3,582,519 |
| 12 |
$6,641,694 |
$2,417,757
$464,254 |
$3,759,683 |
| 13 |
$6,973,740 |
$2,540,614
$487,464 |
$3,945,662 |
| 14 |
$7,322,556 |
$2,669,676
$511,847 |
$4,141,033 |
| 15 |
$7,688,658 |
$2,805,134
$537,437 |
$4,346,087 |
| 16 |
$8,073,078 |
$2,947,369
$564,308 |
$4,561,401 |
| 17 |
$8,476,590 |
$3,096,669
$592,514 |
$4,787,407 |
| 18 |
$8,900,484 |
$3,253,509
$622,144 |
$5,024,831 |
| 19 |
$9,345,534 |
$3,418,178
$653,253 |
$5,274,103 |
| 20 |
$9,812,772 |
$3,591,056
$685,913 |
$5,535,803 |
| 21 |
$10,303,488 |
$3,772,621
$720,214 |
$5,810,653 |
| 22 |
$10,818,714 |
$3,963,255
$756,228 |
$6,099,231 |
| 23 |
$11,359,482 |
$4,163,339
$794,028 |
$6,402,115 |
| 24 |
$11,927,598 |
$4,373,542
$833,739 |
$6,720,317 |
| 25 |
$12,523,836 |
$4,594,150
$875,416 |
$7,054,270 |
| 26 |
$13,150,260 |
$4,825,927
$919,203 |
$7,405,130 |
| 27 |
$13,807,644 |
$5,069,159
$965,154 |
$7,773,331 |
| 28 |
$14,498,052 |
$5,324,610
$1,013,414 |
$8,160,028 |
| 29 |
$15,223,032 |
$5,592,852
$1,064,090 |
$8,566,090 |
| 30 |
$15,984,132 |
$5,874,459
$1,117,291 |
$8,992,382 |
|
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