Illinois Lottery

ILLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Nov 3, 2025 is estimated to be $419 Million, with a cash option of 198 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 Nov 3, 2025

Draw Date	Jackpot	Cash Option
Mon Nov 3, 2025	$419,000,000	$198,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$198,000,000
Federal Tax(24%)	$47,520,000
Additional Federal Tax	$25,700,330
State Tax(4.95%)	$9,801,000
Net Lumpsum Payment	$114,978,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,306,369	-$2,293,687 -$312,165	$3,700,517
2	$6,621,876	-$2,410,425 -$327,783	$3,883,668
3	$6,952,886	-$2,532,898 -$344,168	$4,075,820
4	$7,300,656	-$2,661,573 -$361,382	$4,277,701
5	$7,665,605	-$2,796,604 -$379,447	$4,489,554
6	$8,048,990	-$2,938,457 -$398,425	$4,712,108
7	$8,451,230	-$3,087,285 -$418,336	$4,945,609
8	$8,874,001	-$3,243,711 -$439,263	$5,191,027
9	$9,317,722	-$3,407,888 -$461,227	$5,448,607
10	$9,783,650	-$3,580,281 -$484,291	$5,719,078
11	$10,272,623	-$3,761,201 -$508,495	$6,002,927
12	$10,786,317	-$3,951,268 -$533,923	$6,301,126
13	$11,325,570	-$4,150,791 -$560,616	$6,614,163
14	$11,892,058	-$4,360,392 -$588,657	$6,943,009
15	$12,486,619	-$4,580,379 -$618,088	$7,288,152
16	$13,110,929	-$4,811,374 -$648,991	$7,650,564
17	$13,766,245	-$5,053,841 -$681,429	$8,030,975
18	$14,454,662	-$5,308,555 -$715,506	$8,430,601
19	$15,177,437	-$5,575,982 -$751,283	$8,850,172
20	$15,936,246	-$5,856,741 -$788,844	$9,290,661
21	$16,733,184	-$6,151,608 -$828,293	$9,753,283
22	$17,569,927	-$6,461,203 -$869,711	$10,239,013
23	$18,448,151	-$6,786,146 -$913,183	$10,748,822
24	$19,370,789	-$7,127,522 -$958,854	$11,284,413
25	$20,339,098	-$7,485,797 -$1,006,785	$11,846,516
26	$21,356,430	-$7,862,209 -$1,057,143	$12,437,078
27	$22,424,042	-$8,257,226 -$1,109,990	$13,056,826
28	$23,545,286	-$8,672,086 -$1,165,492	$13,707,708
29	$24,722,676	-$9,107,721 -$1,223,772	$14,391,183
30	$25,958,726	-$9,565,059 -$1,284,957	$15,108,710