The jackpot for the Powerball draw on Sat Oct 18, 2025, is projected to be $295 Million, with an option for a cash payout of $138.1 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 Sat Oct 18, 2025 |
|---|
| Draw Date | Sat Oct 18, 2025 | | Projected Jackpot | $295,000,000 | | Cash Value | $138,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $138,100,000 | | Federal Tax(24%) | $33,144,000 | | Additional Federal Tax | $17,913,330 | | State Tax(6.99%) | $9,653,190 | | Net Lumpsum Payment | $77,389,480 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,440,045 |
$1,603,147
$310,359 |
$2,526,539 |
| 2 |
$4,662,180 |
$1,685,337
$325,886 |
$2,650,957 |
| 3 |
$4,895,230 |
$1,771,565
$342,177 |
$2,781,488 |
| 4 |
$5,140,080 |
$1,862,160
$359,292 |
$2,918,628 |
| 5 |
$5,397,025 |
$1,957,230
$377,252 |
$3,062,543 |
| 6 |
$5,666,950 |
$2,057,102
$396,120 |
$3,213,728 |
| 7 |
$5,950,150 |
$2,161,886
$415,915 |
$3,372,349 |
| 8 |
$6,247,805 |
$2,272,018
$436,722 |
$3,539,065 |
| 9 |
$6,560,210 |
$2,387,608
$458,559 |
$3,714,043 |
| 10 |
$6,888,250 |
$2,508,983
$481,489 |
$3,897,778 |
| 11 |
$7,232,515 |
$2,636,361
$505,553 |
$4,090,601 |
| 12 |
$7,594,185 |
$2,770,179
$530,834 |
$4,293,172 |
| 13 |
$7,973,850 |
$2,910,655
$557,372 |
$4,505,823 |
| 14 |
$8,372,690 |
$3,058,226
$585,251 |
$4,729,213 |
| 15 |
$8,791,295 |
$3,213,110
$614,512 |
$4,963,673 |
| 16 |
$9,230,845 |
$3,375,743
$645,236 |
$5,209,866 |
| 17 |
$9,692,225 |
$3,546,454
$677,487 |
$5,468,284 |
| 18 |
$10,176,910 |
$3,725,787
$711,366 |
$5,739,757 |
| 19 |
$10,685,785 |
$3,914,071
$746,936 |
$6,024,778 |
| 20 |
$11,220,030 |
$4,111,741
$784,280 |
$6,324,009 |
| 21 |
$11,781,120 |
$4,319,345
$823,500 |
$6,638,275 |
| 22 |
$12,370,235 |
$4,537,317
$864,679 |
$6,968,239 |
| 23 |
$12,988,555 |
$4,766,096
$907,900 |
$7,314,559 |
| 24 |
$13,638,145 |
$5,006,444
$953,306 |
$7,678,395 |
| 25 |
$14,319,890 |
$5,258,690
$1,000,960 |
$8,060,240 |
| 26 |
$15,036,150 |
$5,523,706
$1,051,027 |
$8,461,417 |
| 27 |
$15,787,810 |
$5,801,820
$1,103,568 |
$8,882,422 |
| 28 |
$16,577,230 |
$6,093,905
$1,158,748 |
$9,324,577 |
| 29 |
$17,406,180 |
$6,400,617
$1,216,692 |
$9,788,871 |
| 30 |
$18,276,430 |
$6,722,609
$1,277,522 |
$10,276,299 |
|
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