The jackpot for the Powerball draw on Wed Sep 17, 2025, is projected to be $81 Million, with an option for a cash payout of $37.9 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 Illinois residents, the state will deduct 4.95% from your lottery earnings.
| Illinois Powerball Jackpot/Cash Option for Wed Sep 17, 2025 |
|---|
| Draw Date | Wed Sep 17, 2025 | | Projected Jackpot | $81,000,000 | | Cash Value | $37,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $37,900,000 | | Federal Tax(24%) | $9,096,000 | | Additional Federal Tax | $4,887,330 | | State Tax(4.95%) | $1,876,050 | | Net Lumpsum Payment | $22,040,620 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,219,131 |
$411,409
$60,347 |
$747,375 |
| 2 |
$1,280,124 |
$433,976
$63,366 |
$782,782 |
| 3 |
$1,344,114 |
$457,653
$66,534 |
$819,927 |
| 4 |
$1,411,344 |
$482,528
$69,862 |
$858,954 |
| 5 |
$1,481,895 |
$508,632
$73,354 |
$899,909 |
| 6 |
$1,556,010 |
$536,054
$77,022 |
$942,934 |
| 7 |
$1,633,770 |
$564,825
$80,872 |
$988,073 |
| 8 |
$1,715,499 |
$595,065
$84,917 |
$1,035,517 |
| 9 |
$1,801,278 |
$626,803
$89,163 |
$1,085,312 |
| 10 |
$1,891,350 |
$660,130
$93,622 |
$1,137,598 |
| 11 |
$1,985,877 |
$695,105
$98,301 |
$1,192,471 |
| 12 |
$2,085,183 |
$731,848
$103,217 |
$1,250,118 |
| 13 |
$2,189,430 |
$770,419
$108,377 |
$1,310,634 |
| 14 |
$2,298,942 |
$810,939
$113,798 |
$1,374,205 |
| 15 |
$2,413,881 |
$853,466
$119,487 |
$1,440,928 |
| 16 |
$2,534,571 |
$898,122
$125,461 |
$1,510,988 |
| 17 |
$2,661,255 |
$944,995
$131,732 |
$1,584,528 |
| 18 |
$2,794,338 |
$994,235
$138,320 |
$1,661,783 |
| 19 |
$2,934,063 |
$1,045,934
$145,236 |
$1,742,893 |
| 20 |
$3,080,754 |
$1,100,209
$152,497 |
$1,828,048 |
| 21 |
$3,234,816 |
$1,157,212
$160,123 |
$1,917,481 |
| 22 |
$3,396,573 |
$1,217,062
$168,130 |
$2,011,381 |
| 23 |
$3,566,349 |
$1,279,880
$176,534 |
$2,109,935 |
| 24 |
$3,744,711 |
$1,345,873
$185,363 |
$2,213,475 |
| 25 |
$3,931,902 |
$1,415,134
$194,629 |
$2,322,139 |
| 26 |
$4,128,570 |
$1,487,901
$204,364 |
$2,436,305 |
| 27 |
$4,334,958 |
$1,564,265
$214,580 |
$2,556,113 |
| 28 |
$4,551,714 |
$1,644,465
$225,310 |
$2,681,939 |
| 29 |
$4,779,324 |
$1,728,680
$236,577 |
$2,814,067 |
| 30 |
$5,018,274 |
$1,817,092
$248,405 |
$2,952,777 |
|
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