According to published reports, the state of Connecticut received more than $20 million out of the $50.1 million in Powerball tickets sold. As the jackpot grew each week, sales of tickets increased. States can also receive a revenue boost when there isn't a Powerball winner for quite awhile, as happened between November 2015 and January 2016. Connecticut is approximately in the middle of the pack. Then the home state – with the exception of the nine states that don't go after such winnings – take their share, ranging from $92.1 million for an Oregon resident to $29.9 million for a North Dakota resident. That means the most a winner can hope to take home is $561.7 million. Each number has an equal chance of being drawn. Its important to note that Powerball is a game of chance where all numbers are drawn randomly. The winner will then have to pay the federal government an additional 14.6 percent at tax time, for a total of 39.6 percent–the maximum individual tax rate. Looking for the most or least common Powerball numbers Check out our statistics below. An analysis by Bloomberg found that the amount of state income taxes owed would be highest for residents of Oregon, Minnesota, Iowa, New Jersey, Washington D.C., Vermont, New York, Maine and Wisconsin.Ĭonnecticut residents would need to pay the state $62.3 million, which, when combined with the federal tax bite, would leave the Powerball winner with just under $500 million of the $1.5 billion jackpot.Īccording to the analysis, the IRS takes 25 percent off the top. Connecticut is not among them.Ĭonnecticut’s take on such a jackpot would be 15 th highest in the nation, among the states that do tax such winnings at various income tax rates. 20, 2021 Maryland.Ĭhris Sims is a digital producer at Midwest DOT.If you happen to win a $1.5 billion Powerball lottery jackpot, you’d be well advised to be a resident of one of nine states that do not tax such winnings.
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