The jackpot for the Powerball draw on Mon Apr 6, 2026, is projected to be $231 Million, with an option for a cash payout of $105 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 Apr 6, 2026 |
|---|
| Draw Date | Mon Apr 6, 2026 | | Projected Jackpot | $231,000,000 | | Cash Value | $105,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $105,000,000 | | Federal Tax(24%) | $25,200,000 | | Additional Federal Tax | $13,610,330 | | State Tax(4.95%) | $5,197,500 | | Net Lumpsum Payment | $60,992,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,476,781 |
$1,246,739
$172,101 |
$2,057,941 |
| 2 |
$3,650,724 |
$1,311,098
$180,711 |
$2,158,915 |
| 3 |
$3,833,214 |
$1,378,620
$189,744 |
$2,264,850 |
| 4 |
$4,024,944 |
$1,449,560
$199,235 |
$2,376,149 |
| 5 |
$4,226,145 |
$1,524,004
$209,194 |
$2,492,947 |
| 6 |
$4,437,510 |
$1,602,209
$219,657 |
$2,615,644 |
| 7 |
$4,659,270 |
$1,684,260
$230,634 |
$2,744,376 |
| 8 |
$4,892,349 |
$1,770,500
$242,171 |
$2,879,678 |
| 9 |
$5,136,978 |
$1,861,012
$254,280 |
$3,021,686 |
| 10 |
$5,393,850 |
$1,956,055
$266,996 |
$3,170,799 |
| 11 |
$5,663,427 |
$2,055,798
$280,340 |
$3,327,289 |
| 12 |
$5,946,633 |
$2,160,585
$294,358 |
$3,491,690 |
| 13 |
$6,243,930 |
$2,270,584
$309,075 |
$3,664,271 |
| 14 |
$6,556,242 |
$2,386,140
$324,534 |
$3,845,568 |
| 15 |
$6,884,031 |
$2,507,422
$340,760 |
$4,035,849 |
| 16 |
$7,228,221 |
$2,634,772
$357,797 |
$4,235,652 |
| 17 |
$7,589,505 |
$2,768,447
$375,680 |
$4,445,378 |
| 18 |
$7,969,038 |
$2,908,874
$394,467 |
$4,665,697 |
| 19 |
$8,367,513 |
$3,056,310
$414,192 |
$4,897,011 |
| 20 |
$8,785,854 |
$3,211,096
$434,900 |
$5,139,858 |
| 21 |
$9,225,216 |
$3,373,660
$456,648 |
$5,394,908 |
| 22 |
$9,686,523 |
$3,544,344
$479,483 |
$5,662,696 |
| 23 |
$10,170,699 |
$3,723,489
$503,450 |
$5,943,760 |
| 24 |
$10,679,361 |
$3,911,694
$528,628 |
$6,239,039 |
| 25 |
$11,213,202 |
$4,109,215
$555,053 |
$6,548,934 |
| 26 |
$11,774,070 |
$4,316,736
$582,816 |
$6,874,518 |
| 27 |
$12,362,658 |
$4,534,514
$611,952 |
$7,216,192 |
| 28 |
$12,980,814 |
$4,763,232
$642,550 |
$7,575,032 |
| 29 |
$13,629,924 |
$5,003,402
$674,681 |
$7,951,841 |
| 30 |
$14,311,374 |
$5,255,539
$708,413 |
$8,347,422 |
|
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