The jackpot for the Powerball draw on Mon Dec 15, 2025, is projected to be $1.10 Billion, with an option for a cash payout of $503.4 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 Dec 15, 2025 |
|---|
| Draw Date | Mon Dec 15, 2025 | | Projected Jackpot | $1,100,000,000 | | Cash Value | $503,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $503,400,000 | | Federal Tax(24%) | $120,816,000 | | Additional Federal Tax | $65,402,330 | | State Tax(4.95%) | $24,918,300 | | Net Lumpsum Payment | $292,263,370 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$16,556,100 |
$6,086,087
$819,527 |
$9,650,486 |
| 2 |
$17,384,400 |
$6,392,558
$860,528 |
$10,131,314 |
| 3 |
$18,253,400 |
$6,714,088
$903,543 |
$10,635,769 |
| 4 |
$19,166,400 |
$7,051,898
$948,737 |
$11,165,765 |
| 5 |
$20,124,500 |
$7,406,395
$996,163 |
$11,721,942 |
| 6 |
$21,131,000 |
$7,778,800
$1,045,985 |
$12,306,215 |
| 7 |
$22,187,000 |
$8,169,520
$1,098,257 |
$12,919,223 |
| 8 |
$23,296,900 |
$8,580,183
$1,153,197 |
$13,563,520 |
| 9 |
$24,461,800 |
$9,011,196
$1,210,859 |
$14,239,745 |
| 10 |
$25,685,000 |
$9,463,780
$1,271,408 |
$14,949,812 |
| 11 |
$26,968,700 |
$9,938,749
$1,334,951 |
$15,695,000 |
| 12 |
$28,317,300 |
$10,437,731
$1,401,706 |
$16,477,863 |
| 13 |
$29,733,000 |
$10,961,540
$1,471,784 |
$17,299,676 |
| 14 |
$31,220,200 |
$11,511,804
$1,545,400 |
$18,162,996 |
| 15 |
$32,781,100 |
$12,089,337
$1,622,664 |
$19,069,099 |
| 16 |
$34,420,100 |
$12,695,767
$1,703,795 |
$20,020,538 |
| 17 |
$36,140,500 |
$13,332,315
$1,788,955 |
$21,019,230 |
| 18 |
$37,947,800 |
$14,001,016
$1,878,416 |
$22,068,368 |
| 19 |
$39,845,300 |
$14,703,091
$1,972,342 |
$23,169,867 |
| 20 |
$41,837,400 |
$15,440,168
$2,070,951 |
$24,326,281 |
| 21 |
$43,929,600 |
$16,214,282
$2,174,515 |
$25,540,803 |
| 22 |
$46,126,300 |
$17,027,061
$2,283,252 |
$26,815,987 |
| 23 |
$48,431,900 |
$17,880,133
$2,397,379 |
$28,154,388 |
| 24 |
$50,854,100 |
$18,776,347
$2,517,278 |
$29,560,475 |
| 25 |
$53,396,200 |
$19,716,924
$2,643,112 |
$31,036,164 |
| 26 |
$56,067,000 |
$20,705,120
$2,775,317 |
$32,586,563 |
| 27 |
$58,869,800 |
$21,742,156
$2,914,055 |
$34,213,589 |
| 28 |
$61,813,400 |
$22,831,288
$3,059,763 |
$35,922,349 |
| 29 |
$64,904,400 |
$23,974,958
$3,212,768 |
$37,716,674 |
| 30 |
$68,149,400 |
$25,175,608
$3,373,395 |
$39,600,397 |
|
|
