The jackpot for the Powerball draw on Sat Oct 4, 2025, is projected to be $195 Million, with an option for a cash payout of $90.5 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 Oct 4, 2025 |
|---|
| Draw Date | Sat Oct 4, 2025 | | Projected Jackpot | $195,000,000 | | Cash Value | $90,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $90,500,000 | | Federal Tax(24%) | $21,720,000 | | Additional Federal Tax | $11,725,330 | | State Tax(4.95%) | $4,479,750 | | Net Lumpsum Payment | $52,574,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,934,945 |
$1,046,260
$145,280 |
$1,743,405 |
| 2 |
$3,081,780 |
$1,100,589
$152,548 |
$1,828,643 |
| 3 |
$3,235,830 |
$1,157,587
$160,174 |
$1,918,069 |
| 4 |
$3,397,680 |
$1,217,472
$168,185 |
$2,012,023 |
| 5 |
$3,567,525 |
$1,280,315
$176,592 |
$2,110,618 |
| 6 |
$3,745,950 |
$1,346,332
$185,425 |
$2,214,193 |
| 7 |
$3,933,150 |
$1,415,596
$194,691 |
$2,322,863 |
| 8 |
$4,129,905 |
$1,488,395
$204,430 |
$2,437,080 |
| 9 |
$4,336,410 |
$1,564,802
$214,652 |
$2,556,956 |
| 10 |
$4,553,250 |
$1,645,033
$225,386 |
$2,682,831 |
| 11 |
$4,780,815 |
$1,729,232
$236,650 |
$2,814,933 |
| 12 |
$5,019,885 |
$1,817,688
$248,484 |
$2,953,713 |
| 13 |
$5,270,850 |
$1,910,545
$260,907 |
$3,099,398 |
| 14 |
$5,534,490 |
$2,008,092
$273,957 |
$3,252,441 |
| 15 |
$5,811,195 |
$2,110,473
$287,654 |
$3,413,068 |
| 16 |
$6,101,745 |
$2,217,976
$302,036 |
$3,581,733 |
| 17 |
$6,406,725 |
$2,330,819
$317,133 |
$3,758,773 |
| 18 |
$6,727,110 |
$2,449,361
$332,992 |
$3,944,757 |
| 19 |
$7,063,485 |
$2,573,820
$349,643 |
$4,140,022 |
| 20 |
$7,416,630 |
$2,704,483
$367,123 |
$4,345,024 |
| 21 |
$7,787,520 |
$2,841,713
$385,482 |
$4,560,325 |
| 22 |
$8,176,935 |
$2,985,796
$404,758 |
$4,786,381 |
| 23 |
$8,585,655 |
$3,137,023
$424,990 |
$5,023,642 |
| 24 |
$9,015,045 |
$3,295,897
$446,245 |
$5,272,903 |
| 25 |
$9,465,690 |
$3,462,636
$468,552 |
$5,534,502 |
| 26 |
$9,939,150 |
$3,637,816
$491,988 |
$5,809,346 |
| 27 |
$10,436,010 |
$3,821,654
$516,582 |
$6,097,774 |
| 28 |
$10,957,830 |
$4,014,727
$542,413 |
$6,400,690 |
| 29 |
$11,505,780 |
$4,217,469
$569,536 |
$6,718,775 |
| 30 |
$12,081,030 |
$4,430,311
$598,011 |
$7,052,708 |
|
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