Illinois Lottery

ILLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Dec 26, 2025 is estimated to be $125 Million, with a cash option of 56.9 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 Fri Dec 26, 2025

Draw Date	Jackpot	Cash Option
Fri Dec 26, 2025	$125,000,000	$56,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$56,900,000
Federal Tax(24%)	$13,656,000
Additional Federal Tax	$7,357,330
State Tax(4.95%)	$2,816,550
Net Lumpsum Payment	$33,070,120

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,881,375	-$656,439 -$93,128	$1,131,808
2	$1,975,500	-$691,265 -$97,787	$1,186,448
3	$2,074,250	-$727,803 -$102,675	$1,243,772
4	$2,178,000	-$766,190 -$107,811	$1,303,999
5	$2,286,875	-$806,474 -$113,200	$1,367,201
6	$2,401,250	-$848,793 -$118,862	$1,433,595
7	$2,521,250	-$893,193 -$124,802	$1,503,255
8	$2,647,375	-$939,859 -$131,045	$1,576,471
9	$2,779,750	-$988,838 -$137,598	$1,653,314
10	$2,918,750	-$1,040,268 -$144,478	$1,734,004
11	$3,064,625	-$1,094,242 -$151,699	$1,818,684
12	$3,217,875	-$1,150,944 -$159,285	$1,907,646
13	$3,378,750	-$1,210,468 -$167,248	$2,001,034
14	$3,547,750	-$1,272,998 -$175,614	$2,099,138
15	$3,725,125	-$1,338,627 -$184,394	$2,202,104
16	$3,911,375	-$1,407,539 -$193,613	$2,310,223
17	$4,106,875	-$1,479,874 -$203,290	$2,423,711
18	$4,312,250	-$1,555,863 -$213,456	$2,542,931
19	$4,527,875	-$1,635,644 -$224,130	$2,668,101
20	$4,754,250	-$1,719,403 -$235,335	$2,799,512
21	$4,992,000	-$1,807,370 -$247,104	$2,937,526
22	$5,241,625	-$1,899,732 -$259,460	$3,082,433
23	$5,503,625	-$1,996,672 -$272,429	$3,234,524
24	$5,778,875	-$2,098,514 -$286,054	$3,394,307
25	$6,067,750	-$2,205,398 -$300,354	$3,561,998
26	$6,371,250	-$2,317,693 -$315,377	$3,738,180
27	$6,689,750	-$2,435,538 -$331,143	$3,923,069
28	$7,024,250	-$2,559,303 -$347,700	$4,117,247
29	$7,375,500	-$2,689,265 -$365,087	$4,321,148
30	$7,744,250	-$2,825,703 -$383,340	$4,535,207