The jackpot for the Powerball draw on Sat Sep 6, 2025, is projected to be $1.70 Billion, with an option for a cash payout of $770.3 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 Sat Sep 6, 2025 |
|---|
| Draw Date | Sat Sep 6, 2025 | | Projected Jackpot | $1,700,000,000 | | Cash Value | $770,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $770,300,000 | | Federal Tax(24%) | $184,872,000 | | Additional Federal Tax | $100,099,330 | | State Tax(4.95%) | $38,129,850 | | Net Lumpsum Payment | $447,198,820 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$25,586,700 |
$9,427,409
$1,266,542 |
$14,892,749 |
| 2 |
$26,866,800 |
$9,901,046
$1,329,907 |
$15,635,847 |
| 3 |
$28,209,800 |
$10,397,956
$1,396,385 |
$16,415,459 |
| 4 |
$29,620,800 |
$10,920,026
$1,466,230 |
$17,234,544 |
| 5 |
$31,101,500 |
$11,467,885
$1,539,524 |
$18,094,091 |
| 6 |
$32,657,000 |
$12,043,420
$1,616,522 |
$18,997,058 |
| 7 |
$34,289,000 |
$12,647,260
$1,697,306 |
$19,944,434 |
| 8 |
$36,004,300 |
$13,281,921
$1,782,213 |
$20,940,166 |
| 9 |
$37,804,600 |
$13,948,032
$1,871,328 |
$21,985,240 |
| 10 |
$39,695,000 |
$14,647,480
$1,964,903 |
$23,082,617 |
| 11 |
$41,678,900 |
$15,381,523
$2,063,106 |
$24,234,271 |
| 12 |
$43,763,100 |
$16,152,677
$2,166,273 |
$25,444,150 |
| 13 |
$45,951,000 |
$16,962,200
$2,274,575 |
$26,714,225 |
| 14 |
$48,249,400 |
$17,812,608
$2,388,345 |
$28,048,447 |
| 15 |
$50,661,700 |
$18,705,159
$2,507,754 |
$29,448,787 |
| 16 |
$53,194,700 |
$19,642,369
$2,633,138 |
$30,919,193 |
| 17 |
$55,853,500 |
$20,626,125
$2,764,748 |
$32,462,627 |
| 18 |
$58,646,600 |
$21,659,572
$2,903,007 |
$34,084,021 |
| 19 |
$61,579,100 |
$22,744,597
$3,048,165 |
$35,786,338 |
| 20 |
$64,657,800 |
$23,883,716
$3,200,561 |
$37,573,523 |
| 21 |
$67,891,200 |
$25,080,074
$3,360,614 |
$39,450,512 |
| 22 |
$71,286,100 |
$26,336,187
$3,528,662 |
$41,421,251 |
| 23 |
$74,849,300 |
$27,654,571
$3,705,040 |
$43,489,689 |
| 24 |
$78,592,700 |
$29,039,629
$3,890,339 |
$45,662,732 |
| 25 |
$82,521,400 |
$30,493,248
$4,084,809 |
$47,943,343 |
| 26 |
$86,649,000 |
$32,020,460
$4,289,126 |
$50,339,414 |
| 27 |
$90,980,600 |
$33,623,152
$4,503,540 |
$52,853,908 |
| 28 |
$95,529,800 |
$35,306,356
$4,728,725 |
$55,494,719 |
| 29 |
$100,306,800 |
$37,073,846
$4,965,187 |
$58,267,767 |
| 30 |
$105,321,800 |
$38,929,396
$5,213,429 |
$61,178,975 |
|
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