The jackpot for the Powerball draw on Sat Dec 6, 2025, is projected to be $820 Million, with an option for a cash payout of $383.5 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 Sat Dec 6, 2025 |
|---|
| Draw Date | Sat Dec 6, 2025 | | Projected Jackpot | $820,000,000 | | Cash Value | $383,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $383,500,000 | | Federal Tax(24%) | $92,040,000 | | Additional Federal Tax | $49,815,330 | | State Tax(4.95%) | $18,983,250 | | Net Lumpsum Payment | $222,661,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$12,341,820 |
$4,526,804
$610,920 |
$7,204,096 |
| 2 |
$12,959,280 |
$4,755,264
$641,484 |
$7,562,532 |
| 3 |
$13,607,080 |
$4,994,950
$673,550 |
$7,938,580 |
| 4 |
$14,287,680 |
$5,246,772
$707,240 |
$8,333,668 |
| 5 |
$15,001,900 |
$5,511,033
$742,594 |
$8,748,273 |
| 6 |
$15,752,200 |
$5,788,644
$779,734 |
$9,183,822 |
| 7 |
$16,539,400 |
$6,079,908
$818,700 |
$9,640,792 |
| 8 |
$17,366,780 |
$6,386,039
$859,656 |
$10,121,085 |
| 9 |
$18,235,160 |
$6,707,340
$902,640 |
$10,625,180 |
| 10 |
$19,147,000 |
$7,044,720
$947,777 |
$11,154,503 |
| 11 |
$20,103,940 |
$7,398,788
$995,145 |
$11,710,007 |
| 12 |
$21,109,260 |
$7,770,757
$1,044,908 |
$12,293,595 |
| 13 |
$22,164,600 |
$8,161,232
$1,097,148 |
$12,906,220 |
| 14 |
$23,273,240 |
$8,571,429
$1,152,025 |
$13,549,786 |
| 15 |
$24,436,820 |
$9,001,954
$1,209,623 |
$14,225,243 |
| 16 |
$25,658,620 |
$9,454,020
$1,270,102 |
$14,934,498 |
| 17 |
$26,941,100 |
$9,928,537
$1,333,584 |
$15,678,979 |
| 18 |
$28,288,360 |
$10,427,024
$1,400,274 |
$16,461,062 |
| 19 |
$29,702,860 |
$10,950,389
$1,470,292 |
$17,282,179 |
| 20 |
$31,187,880 |
$11,499,846
$1,543,800 |
$18,144,234 |
| 21 |
$32,747,520 |
$12,076,913
$1,621,002 |
$19,049,605 |
| 22 |
$34,385,060 |
$12,682,803
$1,702,060 |
$20,000,197 |
| 23 |
$36,103,780 |
$13,318,729
$1,787,137 |
$20,997,914 |
| 24 |
$37,909,420 |
$13,986,816
$1,876,516 |
$22,046,088 |
| 25 |
$39,804,440 |
$14,687,973
$1,970,320 |
$23,146,147 |
| 26 |
$41,795,400 |
$15,424,628
$2,068,872 |
$24,301,900 |
| 27 |
$43,884,760 |
$16,197,692
$2,172,296 |
$25,514,772 |
| 28 |
$46,079,080 |
$17,009,590
$2,280,914 |
$26,788,576 |
| 29 |
$48,383,280 |
$17,862,144
$2,394,972 |
$28,126,164 |
| 30 |
$50,802,280 |
$18,757,174
$2,514,713 |
$29,530,393 |
|
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