The jackpot for the Powerball draw on Wed Nov 12, 2025, is projected to be $512 Million, with an option for a cash payout of $239.1 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 Wed Nov 12, 2025 |
|---|
| Draw Date | Wed Nov 12, 2025 | | Projected Jackpot | $512,000,000 | | Cash Value | $239,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $239,100,000 | | Federal Tax(24%) | $57,384,000 | | Additional Federal Tax | $31,043,330 | | State Tax(4.95%) | $11,835,450 | | Net Lumpsum Payment | $138,837,220 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,706,112 |
$2,811,592
$381,453 |
$4,513,067 |
| 2 |
$8,091,648 |
$2,954,240
$400,537 |
$4,736,871 |
| 3 |
$8,496,128 |
$3,103,898
$420,558 |
$4,971,672 |
| 4 |
$8,921,088 |
$3,261,133
$441,594 |
$5,218,361 |
| 5 |
$9,367,040 |
$3,426,135
$463,668 |
$5,477,237 |
| 6 |
$9,835,520 |
$3,599,473
$486,858 |
$5,749,189 |
| 7 |
$10,327,040 |
$3,781,335
$511,188 |
$6,034,517 |
| 8 |
$10,843,648 |
$3,972,480
$536,761 |
$6,334,407 |
| 9 |
$11,385,856 |
$4,173,097
$563,600 |
$6,649,159 |
| 10 |
$11,955,200 |
$4,383,754
$591,782 |
$6,979,664 |
| 11 |
$12,552,704 |
$4,604,831
$621,359 |
$7,326,514 |
| 12 |
$13,180,416 |
$4,837,084
$652,431 |
$7,690,901 |
| 13 |
$13,839,360 |
$5,080,894
$685,048 |
$8,073,418 |
| 14 |
$14,531,584 |
$5,337,016
$719,313 |
$8,475,255 |
| 15 |
$15,258,112 |
$5,605,832
$755,277 |
$8,897,003 |
| 16 |
$16,020,992 |
$5,888,097
$793,039 |
$9,339,856 |
| 17 |
$16,821,760 |
$6,184,382
$832,677 |
$9,804,701 |
| 18 |
$17,662,976 |
$6,495,632
$874,317 |
$10,293,027 |
| 19 |
$18,546,176 |
$6,822,416
$918,036 |
$10,805,724 |
| 20 |
$19,473,408 |
$7,165,491
$963,934 |
$11,343,983 |
| 21 |
$20,447,232 |
$7,525,806
$1,012,138 |
$11,909,288 |
| 22 |
$21,469,696 |
$7,904,118
$1,062,750 |
$12,502,828 |
| 23 |
$22,542,848 |
$8,301,184
$1,115,871 |
$13,125,793 |
| 24 |
$23,670,272 |
$8,718,331
$1,171,678 |
$13,780,263 |
| 25 |
$24,853,504 |
$9,156,127
$1,230,248 |
$14,467,129 |
| 26 |
$26,096,640 |
$9,616,087
$1,291,784 |
$15,188,769 |
| 27 |
$27,401,216 |
$10,098,780
$1,356,360 |
$15,946,076 |
| 28 |
$28,771,328 |
$10,605,722
$1,424,181 |
$16,741,425 |
| 29 |
$30,210,048 |
$11,138,048
$1,495,397 |
$17,576,603 |
| 30 |
$31,720,448 |
$11,696,896
$1,570,162 |
$18,453,390 |
|
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