Illinois Lottery

ILLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Dec 16, 2025 is estimated to be $80 Million, with a cash option of 36.2 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 Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Illinois MEGA Millions Jackpot/Cash Option for Tue Dec 16, 2025

Draw Date	Jackpot	Cash Option
Tue Dec 16, 2025	$80,000,000	$36,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$36,200,000
Federal Tax(24%)	$8,688,000
Additional Federal Tax	$4,666,330
State Tax(4.95%)	$1,791,900
Net Lumpsum Payment	$21,053,770

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,204,080	-$405,840 -$59,602	$738,638
2	$1,264,320	-$428,129 -$62,584	$773,607
3	$1,327,520	-$451,513 -$65,712	$810,295
4	$1,393,920	-$476,081 -$68,999	$848,840
5	$1,463,600	-$501,862 -$72,448	$889,290
6	$1,536,800	-$528,946 -$76,072	$931,782
7	$1,613,600	-$557,362 -$79,873	$976,365
8	$1,694,320	-$587,229 -$83,869	$1,023,222
9	$1,779,040	-$618,575 -$88,062	$1,072,403
10	$1,868,000	-$651,490 -$92,466	$1,124,044
11	$1,961,360	-$686,034 -$97,087	$1,178,239
12	$2,059,440	-$722,323 -$101,942	$1,235,175
13	$2,162,400	-$760,418 -$107,039	$1,294,943
14	$2,270,560	-$800,438 -$112,393	$1,357,729
15	$2,384,080	-$842,440 -$118,012	$1,423,628
16	$2,503,280	-$886,544 -$123,912	$1,492,824
17	$2,628,400	-$932,838 -$130,106	$1,565,456
18	$2,759,840	-$981,471 -$136,612	$1,641,757
19	$2,897,840	-$1,032,531 -$143,443	$1,721,866
20	$3,042,720	-$1,086,137 -$150,615	$1,805,968
21	$3,194,880	-$1,142,436 -$158,147	$1,894,297
22	$3,354,640	-$1,201,547 -$166,055	$1,987,038
23	$3,522,320	-$1,263,589 -$174,355	$2,084,376
24	$3,698,480	-$1,328,768 -$183,075	$2,186,637
25	$3,883,360	-$1,397,174 -$192,226	$2,293,960
26	$4,077,600	-$1,469,042 -$201,841	$2,406,717
27	$4,281,440	-$1,544,463 -$211,931	$2,525,046
28	$4,495,520	-$1,623,673 -$222,528	$2,649,319
29	$4,720,320	-$1,706,849 -$233,656	$2,779,815
30	$4,956,320	-$1,794,169 -$245,338	$2,916,813