Illinois Lottery

ILLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 23, 2025 is estimated to be $451 Million, with a cash option of 208.7 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 Sep 23, 2025

Draw Date	Jackpot	Cash Option
Tue Sep 23, 2025	$451,000,000	$208,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$208,700,000
Federal Tax(24%)	$50,088,000
Additional Federal Tax	$27,091,330
State Tax(4.95%)	$10,330,650
Net Lumpsum Payment	$121,190,020

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,788,001	-$2,471,891 -$336,006	$3,980,104
2	$7,127,604	-$2,597,544 -$352,816	$4,177,244
3	$7,483,894	-$2,729,371 -$370,453	$4,384,070
4	$7,858,224	-$2,867,873 -$388,982	$4,601,369
5	$8,251,045	-$3,013,217 -$408,427	$4,829,401
6	$8,663,710	-$3,165,903 -$428,854	$5,068,953
7	$9,096,670	-$3,326,098 -$450,285	$5,320,287
8	$9,551,729	-$3,494,470 -$472,811	$5,584,448
9	$10,029,338	-$3,671,185 -$496,452	$5,861,701
10	$10,530,850	-$3,856,745 -$521,277	$6,152,828
11	$11,057,167	-$4,051,482 -$547,330	$6,458,355
12	$11,610,093	-$4,256,065 -$574,700	$6,779,328
13	$12,190,530	-$4,470,826 -$603,431	$7,116,273
14	$12,800,282	-$4,696,435 -$633,614	$7,470,233
15	$13,440,251	-$4,933,223 -$665,292	$7,841,736
16	$14,112,241	-$5,181,860 -$698,556	$8,231,825
17	$14,817,605	-$5,442,844 -$733,471	$8,641,290
18	$15,558,598	-$5,717,012 -$770,151	$9,071,435
19	$16,336,573	-$6,004,862 -$808,660	$9,523,051
20	$17,153,334	-$6,307,064 -$849,090	$9,997,180
21	$18,011,136	-$6,624,451 -$891,551	$10,495,134
22	$18,911,783	-$6,957,690 -$936,133	$11,017,960
23	$19,857,079	-$7,307,450 -$982,925	$11,566,704
24	$20,850,181	-$7,674,897 -$1,032,084	$12,143,200
25	$21,892,442	-$8,060,534 -$1,083,676	$12,748,232
26	$22,987,470	-$8,465,694 -$1,137,880	$13,383,896
27	$24,136,618	-$8,890,879 -$1,194,763	$14,050,976
28	$25,343,494	-$9,337,423 -$1,254,503	$14,751,568
29	$26,610,804	-$9,806,328 -$1,317,235	$15,487,241
30	$27,941,254	-$10,298,594 -$1,383,092	$16,259,568