Illinois Lottery

ILLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jun 12, 2026 is estimated to be $413 Million, with a cash option of 182.6 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 Jun 12, 2026

Draw Date	Jackpot	Cash Option
Fri Jun 12, 2026	$413,000,000	$182,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$182,600,000
Federal Tax(24%)	$43,824,000
Additional Federal Tax	$23,698,330
State Tax(4.95%)	$9,038,700
Net Lumpsum Payment	$106,038,970

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,216,063	-$2,260,274 -$307,695	$3,648,094
2	$6,527,052	-$2,375,340 -$323,089	$3,828,623
3	$6,853,322	-$2,496,060 -$339,239	$4,018,023
4	$7,196,112	-$2,622,892 -$356,208	$4,217,012
5	$7,555,835	-$2,755,989 -$374,014	$4,425,832
6	$7,933,730	-$2,895,810 -$392,720	$4,645,200
7	$8,330,210	-$3,042,508 -$412,345	$4,875,357
8	$8,746,927	-$3,196,693 -$432,973	$5,117,261
9	$9,184,294	-$3,358,519 -$454,623	$5,371,152
10	$9,643,550	-$3,528,444 -$477,356	$5,637,750
11	$10,125,521	-$3,706,773 -$501,213	$5,917,535
12	$10,631,859	-$3,894,118 -$526,277	$6,211,464
13	$11,163,390	-$4,090,785 -$552,588	$6,520,017
14	$11,721,766	-$4,297,384 -$580,227	$6,844,155
15	$12,307,813	-$4,514,221 -$609,237	$7,184,355
16	$12,923,183	-$4,741,908 -$639,698	$7,541,577
17	$13,569,115	-$4,980,903 -$671,671	$7,916,541
18	$14,247,674	-$5,231,970 -$705,260	$8,310,444
19	$14,960,099	-$5,495,567 -$740,525	$8,724,007
20	$15,708,042	-$5,772,306 -$777,548	$9,158,188
21	$16,493,568	-$6,062,951 -$816,432	$9,614,185
22	$17,318,329	-$6,368,112 -$857,257	$10,092,960
23	$18,183,977	-$6,688,402 -$900,107	$10,595,468
24	$19,093,403	-$7,024,889 -$945,123	$11,123,391
25	$20,047,846	-$7,378,033 -$992,368	$11,677,445
26	$21,050,610	-$7,749,056 -$1,042,005	$12,259,549
27	$22,102,934	-$8,138,416 -$1,094,095	$12,870,423
28	$23,208,122	-$8,547,336 -$1,148,802	$13,511,984
29	$24,368,652	-$8,976,732 -$1,206,248	$14,185,672
30	$25,587,002	-$9,427,521 -$1,266,557	$14,892,924