Illinois Lottery

ILLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Apr 13, 2026 is estimated to be $45 Million, with a cash option of 20.5 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 Apr 13, 2026

Draw Date	Jackpot	Cash Option
Mon Apr 13, 2026	$45,000,000	$20,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$20,500,000
Federal Tax(24%)	$4,920,000
Additional Federal Tax	$2,625,330
State Tax(4.95%)	$1,014,750
Net Lumpsum Payment	$11,939,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$677,295	-$210,930 -$33,526	$432,839
2	$711,180	-$223,467 -$35,203	$452,510
3	$746,730	-$236,620 -$36,963	$473,147
4	$784,080	-$250,440 -$38,812	$494,828
5	$823,275	-$264,942 -$40,752	$517,581
6	$864,450	-$280,177 -$42,790	$541,483
7	$907,650	-$296,161 -$44,929	$566,560
8	$953,055	-$312,961 -$47,176	$592,918
9	$1,000,710	-$330,593 -$49,535	$620,582
10	$1,050,750	-$349,108 -$52,012	$649,630
11	$1,103,265	-$368,538 -$54,612	$680,115
12	$1,158,435	-$388,951 -$57,343	$712,141
13	$1,216,350	-$410,380 -$60,209	$745,761
14	$1,277,190	-$432,891 -$63,221	$781,078
15	$1,341,045	-$456,517 -$66,382	$818,146
16	$1,408,095	-$481,326 -$69,701	$857,068
17	$1,478,475	-$507,366 -$73,185	$897,924
18	$1,552,410	-$534,722 -$76,844	$940,844
19	$1,630,035	-$563,443 -$80,687	$985,905
20	$1,711,530	-$593,596 -$84,721	$1,033,213
21	$1,797,120	-$625,265 -$88,957	$1,082,898
22	$1,886,985	-$658,515 -$93,406	$1,135,064
23	$1,981,305	-$693,413 -$98,075	$1,189,817
24	$2,080,395	-$730,077 -$102,980	$1,247,338
25	$2,184,390	-$768,555 -$108,127	$1,307,708
26	$2,293,650	-$808,981 -$113,536	$1,371,133
27	$2,408,310	-$851,405 -$119,211	$1,437,694
28	$2,528,730	-$895,960 -$125,172	$1,507,598
29	$2,655,180	-$942,747 -$131,431	$1,581,002
30	$2,787,930	-$991,864 -$138,003	$1,658,063