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Connecticut Powerball Jackpot Annuity Payout Schedule for Aug 25, 2025

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The tax information provided here is based on 2026 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $776,700,000 for a ticket purchased in Connecticut, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Connecticut

Drawing Date:Mon, Aug 25, 2025
Jackpot:$776,700,000
Federal Tax:37% marginal rate
State Tax: 6.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$11,690,450$4,281,424$817,162$6,591,864
2$12,274,972$4,497,697$858,021$6,919,255
3$12,888,721$4,724,784$900,922$7,263,015
4$13,533,157$4,963,225$945,968$7,623,964
5$14,209,814$5,213,589$993,266$8,002,960
6$14,920,305$5,476,470$1,042,929$8,400,906
7$15,666,321$5,752,496$1,095,076$8,818,749
8$16,449,637$6,042,323$1,149,830$9,257,484
9$17,272,119$6,346,641$1,207,321$9,718,156
10$18,135,724$6,666,175$1,267,687$10,201,862
11$19,042,511$7,001,686$1,331,072$10,709,753
12$19,994,636$7,353,973$1,397,625$11,243,039
13$20,994,368$7,723,873$1,467,506$11,802,988
14$22,044,087$8,112,269$1,540,882$12,390,936
15$23,146,291$8,520,085$1,617,926$13,008,280
16$24,303,606$8,948,291$1,698,822$13,656,492
17$25,518,785$9,397,908$1,783,763$14,337,114
18$26,794,725$9,870,005$1,872,951$15,051,768
19$28,134,461$10,365,708$1,966,599$15,802,154
20$29,541,184$10,886,195$2,064,929$16,590,060
21$31,018,243$11,432,707$2,168,175$17,417,361
22$32,569,155$12,006,545$2,276,584$18,286,027
23$34,197,613$12,609,074$2,390,413$19,198,126
24$35,907,493$13,241,730$2,509,934$20,155,830
25$37,702,868$13,906,018$2,635,430$21,161,419
26$39,588,012$14,603,522$2,767,202$22,217,288
27$41,567,413$15,335,900$2,905,562$23,325,951
28$43,645,783$16,104,897$3,050,840$24,490,046
29$45,828,072$16,912,344$3,203,382$25,712,346
30$48,119,476$17,760,163$3,363,551$26,995,761
Total$776,700,002$286,057,717$54,291,330$436,350,954

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.