Cash 5
Latest draw · Wednesday, August 19, 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)
- $40,000
- Federal tax
- − $4,568
- State tax (Connecticut · 6.99%)
- − $2,796
- Net take-home
- $32,636
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 take-home by state
What you'd keep from a $40,000 Cash 5 prize (lump sum) after federal + state tax, ranked best to worst. Change the amount or payout above to update.
| State | Take-home | Effective tax |
|---|---|---|
| Alaskano state tax | $35,432 | 11% |
| Californiano state tax | $35,432 | 11% |
| Floridano state tax | $35,432 | 11% |
| New Hampshireno state tax | $35,432 | 11% |
| South Dakotano state tax | $35,432 | 11% |
| Tennesseeno state tax | $35,432 | 11% |
| Texasno state tax | $35,432 | 11% |
| Washingtonno state tax | $35,432 | 11% |
| Wyomingno state tax | $35,432 | 11% |
| Arizona | $34,432 | 14% |
| North Dakota | $34,432 | 14% |
| Pennsylvania | $34,204 | 14% |
| Indiana | $34,172 | 15% |
| Ohio | $34,032 | 15% |
| Kentucky | $33,832 | 15% |
| Louisiana | $33,732 | 16% |
| Michigan | $33,732 | 16% |
| Arkansas | $33,672 | 16% |
| Colorado | $33,672 | 16% |
| North Carolina | $33,632 | 16% |
| Utah | $33,572 | 16% |
| Oklahoma | $33,532 | 16% |
| Missouri | $33,512 | 16% |
| Illinois | $33,452 | 16% |
| Alabama | $33,432 | 16% |
| Massachusetts | $33,432 | 16% |
| Mississippi | $33,432 | 16% |
| West Virginia | $33,384 | 17% |
| Georgia | $33,236 | 17% |
| Kansas | $33,152 | 17% |
| Maryland | $33,132 | 17% |
| Virginia | $33,132 | 17% |
| Idaho | $33,112 | 17% |
| Nebraska | $33,096 | 17% |
| Montana | $33,072 | 17% |
| New Mexico | $33,072 | 17% |
| Rhode Island | $33,036 | 17% |
| Iowa | $33,032 | 17% |
| South Carolina | $32,872 | 18% |
| Delaware | $32,792 | 18% |
| Connecticut(this game) | $32,636 | 18% |
| Maine | $32,572 | 19% |
| Wisconsin | $32,372 | 19% |
| Vermont | $31,932 | 20% |
| Minnesota | $31,492 | 21% |
| Oregon | $31,472 | 21% |
| District of Columbia | $31,132 | 22% |
| New Jersey | $31,132 | 22% |
| New York | $31,072 | 22% |
Assumes you claim as a resident of that state. Estimate only, single-filer brackets. Not tax advice.
Cash 5 tax FAQ
How much tax do you pay on a Cash 5 jackpot in Connecticut?
On a $40,000 Cash 5 jackpot taken as a lump sum, you'd pay about $4,568 in federal tax and $2,796 in Connecticut state tax, leaving roughly $32,636.
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.
