Illinois Lottery

ILLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Oct 13, 2025 is estimated to be $258 Million, with a cash option of 120.8 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Illinois, your state will take 4.95% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Illinois Powerball Jackpot/Cash Option for Mon Oct 13, 2025

Draw Date	Jackpot	Cash Option
Mon Oct 13, 2025	$258,000,000	$120,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$120,800,000
Federal Tax(24%)	$28,992,000
Additional Federal Tax	$15,664,330
State Tax(4.95%)	$5,979,600
Net Lumpsum Payment	$70,164,070

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,883,158	-$1,397,099 -$192,216	$2,293,843
2	$4,077,432	-$1,468,980 -$201,833	$2,406,619
3	$4,281,252	-$1,544,394 -$211,922	$2,524,936
4	$4,495,392	-$1,623,625 -$222,522	$2,649,245
5	$4,720,110	-$1,706,771 -$233,645	$2,779,694
6	$4,956,180	-$1,794,117 -$245,331	$2,916,732
7	$5,203,860	-$1,885,759 -$257,591	$3,060,510
8	$5,464,182	-$1,982,078 -$270,477	$3,211,627
9	$5,737,404	-$2,083,170 -$284,001	$3,370,233
10	$6,024,300	-$2,189,321 -$298,203	$3,536,776
11	$6,325,386	-$2,300,723 -$313,107	$3,711,556
12	$6,641,694	-$2,417,757 -$328,764	$3,895,173
13	$6,973,740	-$2,540,614 -$345,200	$4,087,926
14	$7,322,556	-$2,669,676 -$362,467	$4,290,413
15	$7,688,658	-$2,805,134 -$380,589	$4,502,935
16	$8,073,078	-$2,947,369 -$399,617	$4,726,092
17	$8,476,590	-$3,096,669 -$419,591	$4,960,330
18	$8,900,484	-$3,253,509 -$440,574	$5,206,401
19	$9,345,534	-$3,418,178 -$462,604	$5,464,752
20	$9,812,772	-$3,591,056 -$485,732	$5,735,984
21	$10,303,488	-$3,772,621 -$510,023	$6,020,844
22	$10,818,714	-$3,963,255 -$535,526	$6,319,933
23	$11,359,482	-$4,163,339 -$562,294	$6,633,849
24	$11,927,598	-$4,373,542 -$590,416	$6,963,640
25	$12,523,836	-$4,594,150 -$619,930	$7,309,756
26	$13,150,260	-$4,825,927 -$650,938	$7,673,395
27	$13,807,644	-$5,069,159 -$683,478	$8,055,007
28	$14,498,052	-$5,324,610 -$717,654	$8,455,788
29	$15,223,032	-$5,592,852 -$753,540	$8,876,640
30	$15,984,132	-$5,874,459 -$791,215	$9,318,458