Cash 5
Latest draw · Saturday, July 4, 2026
Cash 5 Tax Calculator
See what you'd really take home from a Cash 5 prize after federal and Connecticut state tax — as a lump sum or a 30-year annuity.
- Prize (lump-sum cash)
- $250,000
- Federal tax
- − $57,875
- State tax (Connecticut · 6.99%)
- − $17,475
- Net take-home
- $174,650
Estimate only — uses single-filer federal brackets and Connecticut's top lottery-withholding rate. Actual tax depends on your total income, filing status and deductions. Not tax advice.
Cash 5 tax FAQ
How much tax do you pay on a Cash 5 jackpot in Connecticut?
On a $250,000 Cash 5 jackpot taken as a lump sum, you'd pay about $57,875 in federal tax and $17,475 in Connecticut state tax, leaving roughly $174,650.
Does Connecticut tax Cash 5 lottery winnings?
Yes — Connecticut withholds about 6.99% in state tax on Cash 5 winnings, on top of federal tax.
Should I take the Cash 5 lump sum or annuity?
The lump sum pays a smaller, discounted amount now with full control; the 30-year annuity pays the full advertised jackpot spread over time and can keep you in lower yearly tax brackets. The best choice depends on your goals and tax situation.
