Illinois Lottery

ILLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Dec 2, 2025 is estimated to be $90 Million, with a cash option of 41.9 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 Dec 2, 2025

Draw Date	Jackpot	Cash Option
Tue Dec 2, 2025	$90,000,000	$41,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$41,900,000
Federal Tax(24%)	$10,056,000
Additional Federal Tax	$5,407,330
State Tax(4.95%)	$2,074,050
Net Lumpsum Payment	$24,362,620

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,354,590	-$461,529 -$67,052	$826,009
2	$1,422,360	-$486,604 -$70,407	$865,349
3	$1,493,460	-$512,911 -$73,926	$906,623
4	$1,568,160	-$540,550 -$77,624	$949,986
5	$1,646,550	-$569,554 -$81,504	$995,492
6	$1,728,900	-$600,023 -$85,581	$1,043,296
7	$1,815,300	-$631,991 -$89,857	$1,093,452
8	$1,906,110	-$665,591 -$94,352	$1,146,167
9	$2,001,420	-$700,856 -$99,070	$1,201,494
10	$2,101,500	-$737,885 -$104,024	$1,259,591
11	$2,206,530	-$776,746 -$109,223	$1,320,561
12	$2,316,870	-$817,572 -$114,685	$1,384,613
13	$2,432,700	-$860,429 -$120,419	$1,451,852
14	$2,554,380	-$905,451 -$126,442	$1,522,487
15	$2,682,090	-$952,704 -$132,763	$1,596,623
16	$2,816,190	-$1,002,321 -$139,401	$1,674,468
17	$2,956,950	-$1,054,402 -$146,369	$1,756,179
18	$3,104,820	-$1,109,114 -$153,689	$1,842,017
19	$3,260,070	-$1,166,556 -$161,373	$1,932,141
20	$3,423,060	-$1,226,863 -$169,441	$2,026,756
21	$3,594,240	-$1,290,199 -$177,915	$2,126,126
22	$3,773,970	-$1,356,699 -$186,812	$2,230,459
23	$3,962,610	-$1,426,496 -$196,149	$2,339,965
24	$4,160,790	-$1,499,823 -$205,959	$2,455,008
25	$4,368,780	-$1,576,779 -$216,255	$2,575,746
26	$4,587,300	-$1,657,631 -$227,071	$2,702,598
27	$4,816,620	-$1,742,480 -$238,423	$2,835,717
28	$5,057,460	-$1,831,591 -$250,344	$2,975,525
29	$5,310,360	-$1,925,164 -$262,863	$3,122,333
30	$5,575,860	-$2,023,399 -$276,005	$3,276,456