The jackpot for the Powerball draw on Sat Oct 11, 2025, is projected to be $244 Million, with an option for a cash payout of $114.2 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 Oct 11, 2025 |
|---|
| Draw Date | Sat Oct 11, 2025 | | Projected Jackpot | $244,000,000 | | Cash Value | $114,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $114,200,000 | | Federal Tax(24%) | $27,408,000 | | Additional Federal Tax | $14,806,330 | | State Tax(4.95%) | $5,652,900 | | Net Lumpsum Payment | $66,332,770 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,672,444 |
$1,319,135
$181,786 |
$2,171,523 |
| 2 |
$3,856,176 |
$1,387,116
$190,881 |
$2,278,179 |
| 3 |
$4,048,936 |
$1,458,437
$200,422 |
$2,390,077 |
| 4 |
$4,251,456 |
$1,533,369
$210,447 |
$2,507,640 |
| 5 |
$4,463,980 |
$1,612,003
$220,967 |
$2,631,010 |
| 6 |
$4,687,240 |
$1,694,609
$232,018 |
$2,760,613 |
| 7 |
$4,921,480 |
$1,781,278
$243,613 |
$2,896,589 |
| 8 |
$5,167,676 |
$1,872,371
$255,800 |
$3,039,505 |
| 9 |
$5,426,072 |
$1,967,977
$268,591 |
$3,189,504 |
| 10 |
$5,697,400 |
$2,068,368
$282,021 |
$3,347,011 |
| 11 |
$5,982,148 |
$2,173,725
$296,116 |
$3,512,307 |
| 12 |
$6,281,292 |
$2,284,408
$310,924 |
$3,685,960 |
| 13 |
$6,595,320 |
$2,400,599
$326,468 |
$3,868,253 |
| 14 |
$6,925,208 |
$2,522,657
$342,798 |
$4,059,753 |
| 15 |
$7,271,444 |
$2,650,765
$359,936 |
$4,260,743 |
| 16 |
$7,635,004 |
$2,785,282
$377,933 |
$4,471,789 |
| 17 |
$8,016,620 |
$2,926,480
$396,823 |
$4,693,317 |
| 18 |
$8,417,512 |
$3,074,810
$416,667 |
$4,926,035 |
| 19 |
$8,838,412 |
$3,230,543
$437,501 |
$5,170,368 |
| 20 |
$9,280,296 |
$3,394,040
$459,375 |
$5,426,881 |
| 21 |
$9,744,384 |
$3,565,752
$482,347 |
$5,696,285 |
| 22 |
$10,231,652 |
$3,746,042
$506,467 |
$5,979,143 |
| 23 |
$10,743,076 |
$3,935,269
$531,782 |
$6,276,025 |
| 24 |
$11,280,364 |
$4,134,065
$558,378 |
$6,587,921 |
| 25 |
$11,844,248 |
$4,342,702
$586,290 |
$6,915,256 |
| 26 |
$12,436,680 |
$4,561,902
$615,616 |
$7,259,162 |
| 27 |
$13,058,392 |
$4,791,935
$646,390 |
$7,620,067 |
| 28 |
$13,711,336 |
$5,033,525
$678,711 |
$7,999,100 |
| 29 |
$14,396,976 |
$5,287,212
$712,650 |
$8,397,114 |
| 30 |
$15,116,776 |
$5,553,538
$748,280 |
$8,814,958 |
|
|
