The jackpot for the Powerball draw on Wed Dec 17, 2025, is projected to be $1.25 Billion, with an option for a cash payout of $572.1 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 Wed Dec 17, 2025 |
|---|
| Draw Date | Wed Dec 17, 2025 | | Projected Jackpot | $1,250,000,000 | | Cash Value | $572,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $572,100,000 | | Federal Tax(24%) | $137,304,000 | | Additional Federal Tax | $74,333,330 | | State Tax(4.95%) | $28,318,950 | | Net Lumpsum Payment | $332,143,720 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$18,813,750 |
$6,921,418
$931,281 |
$10,961,051 |
| 2 |
$19,755,000 |
$7,269,680
$977,873 |
$11,507,447 |
| 3 |
$20,742,500 |
$7,635,055
$1,026,754 |
$12,080,691 |
| 4 |
$21,780,000 |
$8,018,930
$1,078,110 |
$12,682,960 |
| 5 |
$22,868,750 |
$8,421,768
$1,132,003 |
$13,314,979 |
| 6 |
$24,012,500 |
$8,844,955
$1,188,619 |
$13,978,926 |
| 7 |
$25,212,500 |
$9,288,955
$1,248,019 |
$14,675,526 |
| 8 |
$26,473,750 |
$9,755,618
$1,310,451 |
$15,407,681 |
| 9 |
$27,797,500 |
$10,245,405
$1,375,976 |
$16,176,119 |
| 10 |
$29,187,500 |
$10,759,705
$1,444,781 |
$16,983,014 |
| 11 |
$30,646,250 |
$11,299,443
$1,516,989 |
$17,829,818 |
| 12 |
$32,178,750 |
$11,866,468
$1,592,848 |
$18,719,434 |
| 13 |
$33,787,500 |
$12,461,705
$1,672,481 |
$19,653,314 |
| 14 |
$35,477,500 |
$13,087,005
$1,756,136 |
$20,634,359 |
| 15 |
$37,251,250 |
$13,743,293
$1,843,937 |
$21,664,020 |
| 16 |
$39,113,750 |
$14,432,418
$1,936,131 |
$22,745,201 |
| 17 |
$41,068,750 |
$15,155,768
$2,032,903 |
$23,880,079 |
| 18 |
$43,122,500 |
$15,915,655
$2,134,564 |
$25,072,281 |
| 19 |
$45,278,750 |
$16,713,468
$2,241,298 |
$26,323,984 |
| 20 |
$47,542,500 |
$17,551,055
$2,353,354 |
$27,638,091 |
| 21 |
$49,920,000 |
$18,430,730
$2,471,040 |
$29,018,230 |
| 22 |
$52,416,250 |
$19,354,343
$2,594,604 |
$30,467,303 |
| 23 |
$55,036,250 |
$20,323,743
$2,724,294 |
$31,988,213 |
| 24 |
$57,788,750 |
$21,342,168
$2,860,543 |
$33,586,039 |
| 25 |
$60,677,500 |
$22,411,005
$3,003,536 |
$35,262,959 |
| 26 |
$63,712,500 |
$23,533,955
$3,153,769 |
$37,024,776 |
| 27 |
$66,897,500 |
$24,712,405
$3,311,426 |
$38,873,669 |
| 28 |
$70,242,500 |
$25,950,055
$3,477,004 |
$40,815,441 |
| 29 |
$73,755,000 |
$27,249,680
$3,650,873 |
$42,854,447 |
| 30 |
$77,442,500 |
$28,614,055
$3,833,404 |
$44,995,041 |
|
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