Illinois Lottery

ILLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Sep 6, 2025 is estimated to be $1.70 Billion, with a cash option of 770.3 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 Sat Sep 6, 2025

Draw Date	Jackpot	Cash Option
Sat Sep 6, 2025	$1,700,000,000	$770,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$770,300,000
Federal Tax(24%)	$184,872,000
Additional Federal Tax	$100,099,330
State Tax(4.95%)	$38,129,850
Net Lumpsum Payment	$447,198,820

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$25,586,700	-$9,427,409 -$1,266,542	$14,892,749
2	$26,866,800	-$9,901,046 -$1,329,907	$15,635,847
3	$28,209,800	-$10,397,956 -$1,396,385	$16,415,459
4	$29,620,800	-$10,920,026 -$1,466,230	$17,234,544
5	$31,101,500	-$11,467,885 -$1,539,524	$18,094,091
6	$32,657,000	-$12,043,420 -$1,616,522	$18,997,058
7	$34,289,000	-$12,647,260 -$1,697,306	$19,944,434
8	$36,004,300	-$13,281,921 -$1,782,213	$20,940,166
9	$37,804,600	-$13,948,032 -$1,871,328	$21,985,240
10	$39,695,000	-$14,647,480 -$1,964,903	$23,082,617
11	$41,678,900	-$15,381,523 -$2,063,106	$24,234,271
12	$43,763,100	-$16,152,677 -$2,166,273	$25,444,150
13	$45,951,000	-$16,962,200 -$2,274,575	$26,714,225
14	$48,249,400	-$17,812,608 -$2,388,345	$28,048,447
15	$50,661,700	-$18,705,159 -$2,507,754	$29,448,787
16	$53,194,700	-$19,642,369 -$2,633,138	$30,919,193
17	$55,853,500	-$20,626,125 -$2,764,748	$32,462,627
18	$58,646,600	-$21,659,572 -$2,903,007	$34,084,021
19	$61,579,100	-$22,744,597 -$3,048,165	$35,786,338
20	$64,657,800	-$23,883,716 -$3,200,561	$37,573,523
21	$67,891,200	-$25,080,074 -$3,360,614	$39,450,512
22	$71,286,100	-$26,336,187 -$3,528,662	$41,421,251
23	$74,849,300	-$27,654,571 -$3,705,040	$43,489,689
24	$78,592,700	-$29,039,629 -$3,890,339	$45,662,732
25	$82,521,400	-$30,493,248 -$4,084,809	$47,943,343
26	$86,649,000	-$32,020,460 -$4,289,126	$50,339,414
27	$90,980,600	-$33,623,152 -$4,503,540	$52,853,908
28	$95,529,800	-$35,306,356 -$4,728,725	$55,494,719
29	$100,306,800	-$37,073,846 -$4,965,187	$58,267,767
30	$105,321,800	-$38,929,396 -$5,213,429	$61,178,975