Illinois Lottery

ILLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Nov 13, 2026 is estimated to be $555 Million, with a cash option of 235.2 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 Fri Nov 13, 2026

Draw Date	Jackpot	Cash Option
Fri Nov 13, 2026	$555,000,000	$235,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$235,200,000
Federal Tax(24%)	$56,448,000
Additional Federal Tax	$30,536,330
State Tax(4.95%)	$11,642,400
Net Lumpsum Payment	$136,573,270

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,353,305	-$3,051,053 -$413,489	$4,888,763
2	$8,771,220	-$3,205,682 -$434,175	$5,131,363
3	$9,209,670	-$3,367,908 -$455,879	$5,385,883
4	$9,670,320	-$3,538,349 -$478,681	$5,653,290
5	$10,153,725	-$3,717,209 -$502,609	$5,933,907
6	$10,661,550	-$3,905,104 -$527,747	$6,228,699
7	$11,194,350	-$4,102,240 -$554,120	$6,537,990
8	$11,754,345	-$4,309,438 -$581,840	$6,863,067
9	$12,342,090	-$4,526,904 -$610,933	$7,204,253
10	$12,959,250	-$4,755,253 -$641,483	$7,562,514
11	$13,606,935	-$4,994,896 -$673,543	$7,938,496
12	$14,287,365	-$5,246,655 -$707,225	$8,333,485
13	$15,001,650	-$5,510,941 -$742,582	$8,748,127
14	$15,752,010	-$5,788,574 -$779,724	$9,183,712
15	$16,539,555	-$6,079,966 -$818,708	$9,640,881
16	$17,366,505	-$6,385,937 -$859,642	$10,120,926
17	$18,234,525	-$6,707,105 -$902,609	$10,624,811
18	$19,146,390	-$7,044,495 -$947,746	$11,154,149
19	$20,103,765	-$7,398,723 -$995,136	$11,709,906
20	$21,108,870	-$7,770,612 -$1,044,889	$12,293,369
21	$22,164,480	-$8,161,188 -$1,097,142	$12,906,150
22	$23,272,815	-$8,571,272 -$1,152,004	$13,549,539
23	$24,436,095	-$9,001,686 -$1,209,587	$14,224,822
24	$25,658,205	-$9,453,866 -$1,270,081	$14,934,258
25	$26,940,810	-$9,928,430 -$1,333,570	$15,678,810
26	$28,288,350	-$10,427,020 -$1,400,273	$16,461,057
27	$29,702,490	-$10,950,252 -$1,470,273	$17,281,965
28	$31,187,670	-$11,499,768 -$1,543,790	$18,144,112
29	$32,747,220	-$12,076,802 -$1,620,987	$19,049,431
30	$34,384,470	-$12,682,584 -$1,702,031	$19,999,855