The jackpot for the Powerball draw on Sat Feb 14, 2026, is projected to be $146 Million, with an option for a cash payout of $66.9 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 Feb 14, 2026 |
|---|
| Draw Date | Sat Feb 14, 2026 | | Projected Jackpot | $146,000,000 | | Cash Value | $66,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $66,900,000 | | Federal Tax(24%) | $16,056,000 | | Additional Federal Tax | $8,657,330 | | State Tax(6.99%) | $4,676,310 | | Net Lumpsum Payment | $37,510,360 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,197,446 |
$773,385
$153,601 |
$1,270,460 |
| 2 |
$2,307,384 |
$814,062
$161,286 |
$1,332,036 |
| 3 |
$2,422,724 |
$856,738
$169,348 |
$1,396,638 |
| 4 |
$2,543,904 |
$901,575
$177,819 |
$1,464,510 |
| 5 |
$2,671,070 |
$948,626
$186,708 |
$1,535,736 |
| 6 |
$2,804,660 |
$998,055
$196,046 |
$1,610,559 |
| 7 |
$2,944,820 |
$1,049,914
$205,843 |
$1,689,063 |
| 8 |
$3,092,134 |
$1,104,420
$216,140 |
$1,771,574 |
| 9 |
$3,246,748 |
$1,161,627
$226,948 |
$1,858,173 |
| 10 |
$3,409,100 |
$1,221,697
$238,296 |
$1,949,107 |
| 11 |
$3,579,482 |
$1,284,739
$250,206 |
$2,044,537 |
| 12 |
$3,758,478 |
$1,350,967
$262,718 |
$2,144,793 |
| 13 |
$3,946,380 |
$1,420,491
$275,852 |
$2,250,037 |
| 14 |
$4,143,772 |
$1,493,526
$289,650 |
$2,360,596 |
| 15 |
$4,350,946 |
$1,570,180
$304,131 |
$2,476,635 |
| 16 |
$4,568,486 |
$1,650,670
$319,337 |
$2,598,479 |
| 17 |
$4,796,830 |
$1,735,157
$335,298 |
$2,726,375 |
| 18 |
$5,036,708 |
$1,823,912
$352,066 |
$2,860,730 |
| 19 |
$5,288,558 |
$1,917,097
$369,670 |
$3,001,791 |
| 20 |
$5,552,964 |
$2,014,927
$388,152 |
$3,149,885 |
| 21 |
$5,830,656 |
$2,117,673
$407,563 |
$3,305,420 |
| 22 |
$6,122,218 |
$2,225,551
$427,943 |
$3,468,724 |
| 23 |
$6,428,234 |
$2,338,777
$449,334 |
$3,640,123 |
| 24 |
$6,749,726 |
$2,457,729
$471,806 |
$3,820,191 |
| 25 |
$7,087,132 |
$2,582,569
$495,391 |
$4,009,172 |
| 26 |
$7,441,620 |
$2,713,730
$520,169 |
$4,207,721 |
| 27 |
$7,813,628 |
$2,851,373
$546,173 |
$4,416,082 |
| 28 |
$8,204,324 |
$2,995,930
$573,482 |
$4,634,912 |
| 29 |
$8,614,584 |
$3,147,726
$602,159 |
$4,864,699 |
| 30 |
$9,045,284 |
$3,307,085
$632,265 |
$5,105,934 |
|
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