The jackpot for the Powerball draw on Mon Oct 13, 2025, is projected to be $258 Million, with an option for a cash payout of $120.8 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 Mon Oct 13, 2025 |
|---|
| Draw Date | Mon Oct 13, 2025 | | Projected Jackpot | $258,000,000 | | Cash Value | $120,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| 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 |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
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 |
|
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