The jackpot for the Powerball draw on Mon Jun 9, 2025, is projected to be $54 Million, with an option for a cash payout of $24.3 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 Jun 9, 2025 |
| Draw Date |
Mon Jun 9, 2025 |
| Projected Jackpot |
$54,000,000 |
| Cash Value |
$24,300,000 |
| Lumpsum Option Taxes and Payment |
| Cash Gross Payment |
$24,300,000 |
| Federal Tax(24%) |
$5,832,000 |
| Additional Federal Tax |
$3,119,330 |
| State Tax(6.99%) |
$1,698,570 |
| Net Lumpsum Payment |
$13,650,100 |
| Annuity Payment in 30 Installations |
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$812,754 |
$261,049
$56,812 |
$494,893 |
| 2 |
$853,416 |
$276,094
$59,654 |
$517,668 |
| 3 |
$896,076 |
$291,879
$62,636 |
$541,561 |
| 4 |
$940,896 |
$308,462
$65,769 |
$566,665 |
| 5 |
$987,930 |
$325,864
$69,056 |
$593,010 |
| 6 |
$1,037,340 |
$344,146
$72,510 |
$620,684 |
| 7 |
$1,089,180 |
$363,327
$76,134 |
$649,719 |
| 8 |
$1,143,666 |
$383,487
$79,942 |
$680,237 |
| 9 |
$1,200,852 |
$404,646
$83,940 |
$712,266 |
| 10 |
$1,260,900 |
$426,863
$88,137 |
$745,900 |
| 11 |
$1,323,918 |
$450,180
$92,542 |
$781,196 |
| 12 |
$1,390,122 |
$474,676
$97,170 |
$818,276 |
| 13 |
$1,459,620 |
$500,390
$102,027 |
$857,203 |
| 14 |
$1,532,628 |
$527,403
$107,131 |
$898,094 |
| 15 |
$1,609,254 |
$555,754
$112,487 |
$941,013 |
| 16 |
$1,689,714 |
$585,525
$118,111 |
$986,078 |
| 17 |
$1,774,170 |
$616,773
$124,014 |
$1,033,383 |
| 18 |
$1,862,892 |
$649,600
$130,216 |
$1,083,076 |
| 19 |
$1,956,042 |
$684,066
$136,727 |
$1,135,249 |
| 20 |
$2,053,836 |
$720,250
$143,563 |
$1,190,023 |
| 21 |
$2,156,544 |
$758,252
$150,742 |
$1,247,550 |
| 22 |
$2,264,382 |
$798,152
$158,280 |
$1,307,950 |
| 23 |
$2,377,566 |
$840,030
$166,192 |
$1,371,344 |
| 24 |
$2,496,474 |
$884,026
$174,504 |
$1,437,944 |
| 25 |
$2,621,268 |
$930,200
$183,227 |
$1,507,841 |
| 26 |
$2,752,380 |
$978,711
$192,391 |
$1,581,278 |
| 27 |
$2,889,972 |
$1,029,620
$202,009 |
$1,658,343 |
| 28 |
$3,034,476 |
$1,083,087
$212,110 |
$1,739,279 |
| 29 |
$3,186,216 |
$1,139,230
$222,716 |
$1,824,270 |
| 30 |
$3,345,516 |
$1,198,171
$233,852 |
$1,913,493 |
|
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