Illinois Lottery

ILLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 14, 2025 is estimated to be $600 Million, with a cash option of 277.2 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Illinois, your state will take 4.95% of your lottery winnings.

Please note that the calculation of the MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Illinois MEGA Millions Jackpot/Cash Option for Tue Oct 14, 2025

Draw Date	Jackpot	Cash Option
Tue Oct 14, 2025	$600,000,000	$277,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$277,200,000
Federal Tax(24%)	$66,528,000
Additional Federal Tax	$35,996,330
State Tax(4.95%)	$13,721,400
Net Lumpsum Payment	$160,954,270

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,030,600	-$3,301,652 -$447,015	$5,281,933
2	$9,482,400	-$3,468,818 -$469,379	$5,544,203
3	$9,956,400	-$3,644,198 -$492,842	$5,819,360
4	$10,454,400	-$3,828,458 -$517,493	$6,108,449
5	$10,977,000	-$4,021,820 -$543,362	$6,411,818
6	$11,526,000	-$4,224,950 -$570,537	$6,730,513
7	$12,102,000	-$4,438,070 -$599,049	$7,064,881
8	$12,707,400	-$4,662,068 -$629,016	$7,416,316
9	$13,342,800	-$4,897,166 -$660,469	$7,785,165
10	$14,010,000	-$5,144,030 -$693,495	$8,172,475
11	$14,710,200	-$5,403,104 -$728,155	$8,578,941
12	$15,445,800	-$5,675,276 -$764,567	$9,005,957
13	$16,218,000	-$5,960,990 -$802,791	$9,454,219
14	$17,029,200	-$6,261,134 -$842,945	$9,925,121
15	$17,880,600	-$6,576,152 -$885,090	$10,419,358
16	$18,774,600	-$6,906,932 -$929,343	$10,938,325
17	$19,713,000	-$7,254,140 -$975,794	$11,483,066
18	$20,698,800	-$7,618,886 -$1,024,591	$12,055,323
19	$21,733,800	-$8,001,836 -$1,075,823	$12,656,141
20	$22,820,400	-$8,403,878 -$1,129,610	$13,286,912
21	$23,961,600	-$8,826,122 -$1,186,099	$13,949,379
22	$25,159,800	-$9,269,456 -$1,245,410	$14,644,934
23	$26,417,400	-$9,734,768 -$1,307,661	$15,374,971
24	$27,738,600	-$10,223,612 -$1,373,061	$16,141,927
25	$29,125,200	-$10,736,654 -$1,441,697	$16,946,849
26	$30,582,000	-$11,275,670 -$1,513,809	$17,792,521
27	$32,110,800	-$11,841,326 -$1,589,485	$18,679,989
28	$33,716,400	-$12,435,398 -$1,668,962	$19,612,040
29	$35,402,400	-$13,059,218 -$1,752,419	$20,590,763
30	$37,172,400	-$13,714,118 -$1,840,034	$21,618,248