The jackpot for the Powerball draw on Mon Nov 17, 2025, is projected to be $570 Million, with an option for a cash payout of $266.9 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 Nov 17, 2025 |
|---|
| Draw Date | Mon Nov 17, 2025 | | Projected Jackpot | $570,000,000 | | Cash Value | $266,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $266,900,000 | | Federal Tax(24%) | $64,056,000 | | Additional Federal Tax | $34,657,330 | | State Tax(4.95%) | $13,211,550 | | Net Lumpsum Payment | $154,975,120 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,579,070 |
$3,134,586
$424,664 |
$5,019,820 |
| 2 |
$9,008,280 |
$3,293,394
$445,910 |
$5,268,976 |
| 3 |
$9,458,580 |
$3,460,005
$468,200 |
$5,530,375 |
| 4 |
$9,931,680 |
$3,635,052
$491,618 |
$5,805,010 |
| 5 |
$10,428,150 |
$3,818,746
$516,193 |
$6,093,211 |
| 6 |
$10,949,700 |
$4,011,719
$542,010 |
$6,395,971 |
| 7 |
$11,496,900 |
$4,214,183
$569,097 |
$6,713,620 |
| 8 |
$12,072,030 |
$4,426,981
$597,565 |
$7,047,484 |
| 9 |
$12,675,660 |
$4,650,325
$627,445 |
$7,397,890 |
| 10 |
$13,309,500 |
$4,884,845
$658,820 |
$7,765,835 |
| 11 |
$13,974,690 |
$5,130,966
$691,747 |
$8,151,977 |
| 12 |
$14,673,510 |
$5,389,529
$726,339 |
$8,557,642 |
| 13 |
$15,407,100 |
$5,660,957
$762,651 |
$8,983,492 |
| 14 |
$16,177,740 |
$5,946,094
$800,798 |
$9,430,848 |
| 15 |
$16,986,570 |
$6,245,361
$840,835 |
$9,900,374 |
| 16 |
$17,835,870 |
$6,559,602
$882,876 |
$10,393,392 |
| 17 |
$18,727,350 |
$6,889,450
$927,004 |
$10,910,896 |
| 18 |
$19,663,860 |
$7,235,959
$973,361 |
$11,454,540 |
| 19 |
$20,647,110 |
$7,599,761
$1,022,032 |
$12,025,317 |
| 20 |
$21,679,380 |
$7,981,701
$1,073,129 |
$12,624,550 |
| 21 |
$22,763,520 |
$8,382,833
$1,126,794 |
$13,253,893 |
| 22 |
$23,901,810 |
$8,804,000
$1,183,140 |
$13,914,670 |
| 23 |
$25,096,530 |
$9,246,046
$1,242,278 |
$14,608,206 |
| 24 |
$26,351,670 |
$9,710,448
$1,304,408 |
$15,336,814 |
| 25 |
$27,668,940 |
$10,197,838
$1,369,613 |
$16,101,489 |
| 26 |
$29,052,900 |
$10,709,903
$1,438,119 |
$16,904,878 |
| 27 |
$30,505,260 |
$11,247,277
$1,510,010 |
$17,747,973 |
| 28 |
$32,030,580 |
$11,811,645
$1,585,514 |
$18,633,421 |
| 29 |
$33,632,280 |
$12,404,274
$1,664,798 |
$19,563,208 |
| 30 |
$35,313,780 |
$13,026,429
$1,748,032 |
$20,539,319 |
|
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