The jackpot for the Powerball draw on Wed Dec 17, 2025, is projected to be $1.25 Billion, with an option for a cash payout of $572.1 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 Dec 17, 2025 |
|---|
| Draw Date | Wed Dec 17, 2025 | | Projected Jackpot | $1,250,000,000 | | Cash Value | $572,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $572,100,000 | | Federal Tax(24%) | $137,304,000 | | Additional Federal Tax | $74,333,330 | | State Tax(6.99%) | $39,989,790 | | Net Lumpsum Payment | $320,472,880 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$18,813,750 |
$6,921,418
$1,315,081 |
$10,577,251 |
| 2 |
$19,755,000 |
$7,269,680
$1,380,875 |
$11,104,445 |
| 3 |
$20,742,500 |
$7,635,055
$1,449,901 |
$11,657,544 |
| 4 |
$21,780,000 |
$8,018,930
$1,522,422 |
$12,238,648 |
| 5 |
$22,868,750 |
$8,421,768
$1,598,526 |
$12,848,456 |
| 6 |
$24,012,500 |
$8,844,955
$1,678,474 |
$13,489,071 |
| 7 |
$25,212,500 |
$9,288,955
$1,762,354 |
$14,161,191 |
| 8 |
$26,473,750 |
$9,755,618
$1,850,515 |
$14,867,617 |
| 9 |
$27,797,500 |
$10,245,405
$1,943,045 |
$15,609,050 |
| 10 |
$29,187,500 |
$10,759,705
$2,040,206 |
$16,387,589 |
| 11 |
$30,646,250 |
$11,299,443
$2,142,173 |
$17,204,634 |
| 12 |
$32,178,750 |
$11,866,468
$2,249,295 |
$18,062,987 |
| 13 |
$33,787,500 |
$12,461,705
$2,361,746 |
$18,964,049 |
| 14 |
$35,477,500 |
$13,087,005
$2,479,877 |
$19,910,618 |
| 15 |
$37,251,250 |
$13,743,293
$2,603,862 |
$20,904,095 |
| 16 |
$39,113,750 |
$14,432,418
$2,734,051 |
$21,947,281 |
| 17 |
$41,068,750 |
$15,155,768
$2,870,706 |
$23,042,276 |
| 18 |
$43,122,500 |
$15,915,655
$3,014,263 |
$24,192,582 |
| 19 |
$45,278,750 |
$16,713,468
$3,164,985 |
$25,400,297 |
| 20 |
$47,542,500 |
$17,551,055
$3,323,221 |
$26,668,224 |
| 21 |
$49,920,000 |
$18,430,730
$3,489,408 |
$27,999,862 |
| 22 |
$52,416,250 |
$19,354,343
$3,663,896 |
$29,398,011 |
| 23 |
$55,036,250 |
$20,323,743
$3,847,034 |
$30,865,473 |
| 24 |
$57,788,750 |
$21,342,168
$4,039,434 |
$32,407,148 |
| 25 |
$60,677,500 |
$22,411,005
$4,241,357 |
$34,025,138 |
| 26 |
$63,712,500 |
$23,533,955
$4,453,504 |
$35,725,041 |
| 27 |
$66,897,500 |
$24,712,405
$4,676,135 |
$37,508,960 |
| 28 |
$70,242,500 |
$25,950,055
$4,909,951 |
$39,382,494 |
| 29 |
$73,755,000 |
$27,249,680
$5,155,475 |
$41,349,845 |
| 30 |
$77,442,500 |
$28,614,055
$5,413,231 |
$43,415,214 |
|
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