The jackpot for the Powerball draw on Sat Dec 13, 2025, is projected to be $1.00 Billion, with an option for a cash payout of $461.3 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 13, 2025 |
|---|
| Draw Date | Sat Dec 13, 2025 | | Projected Jackpot | $1,000,000,000 | | Cash Value | $461,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $461,300,000 | | Federal Tax(24%) | $110,712,000 | | Additional Federal Tax | $59,929,330 | | State Tax(4.95%) | $22,834,350 | | Net Lumpsum Payment | $267,824,320 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$15,051,000 |
$5,529,200
$745,025 |
$8,776,775 |
| 2 |
$15,804,000 |
$5,807,810
$782,298 |
$9,213,892 |
| 3 |
$16,594,000 |
$6,100,110
$821,403 |
$9,672,487 |
| 4 |
$17,424,000 |
$6,407,210
$862,488 |
$10,154,302 |
| 5 |
$18,295,000 |
$6,729,480
$905,603 |
$10,659,917 |
| 6 |
$19,210,000 |
$7,068,030
$950,895 |
$11,191,075 |
| 7 |
$20,170,000 |
$7,423,230
$998,415 |
$11,748,355 |
| 8 |
$21,179,000 |
$7,796,560
$1,048,361 |
$12,334,079 |
| 9 |
$22,238,000 |
$8,188,390
$1,100,781 |
$12,948,829 |
| 10 |
$23,350,000 |
$8,599,830
$1,155,825 |
$13,594,345 |
| 11 |
$24,517,000 |
$9,031,620
$1,213,592 |
$14,271,788 |
| 12 |
$25,743,000 |
$9,485,240
$1,274,279 |
$14,983,481 |
| 13 |
$27,030,000 |
$9,961,430
$1,337,985 |
$15,730,585 |
| 14 |
$28,382,000 |
$10,461,670
$1,404,909 |
$16,515,421 |
| 15 |
$29,801,000 |
$10,986,700
$1,475,150 |
$17,339,150 |
| 16 |
$31,291,000 |
$11,538,000
$1,548,905 |
$18,204,095 |
| 17 |
$32,855,000 |
$12,116,680
$1,626,323 |
$19,111,997 |
| 18 |
$34,498,000 |
$12,724,590
$1,707,651 |
$20,065,759 |
| 19 |
$36,223,000 |
$13,362,840
$1,793,039 |
$21,067,121 |
| 20 |
$38,034,000 |
$14,032,910
$1,882,683 |
$22,118,407 |
| 21 |
$39,936,000 |
$14,736,650
$1,976,832 |
$23,222,518 |
| 22 |
$41,933,000 |
$15,475,540
$2,075,684 |
$24,381,776 |
| 23 |
$44,029,000 |
$16,251,060
$2,179,436 |
$25,598,504 |
| 24 |
$46,231,000 |
$17,065,800
$2,288,435 |
$26,876,765 |
| 25 |
$48,542,000 |
$17,920,870
$2,402,829 |
$28,218,301 |
| 26 |
$50,970,000 |
$18,819,230
$2,523,015 |
$29,627,755 |
| 27 |
$53,518,000 |
$19,761,990
$2,649,141 |
$31,106,869 |
| 28 |
$56,194,000 |
$20,752,110
$2,781,603 |
$32,660,287 |
| 29 |
$59,004,000 |
$21,791,810
$2,920,698 |
$34,291,492 |
| 30 |
$61,954,000 |
$22,883,310
$3,066,723 |
$36,003,967 |
|
|
