Illinois Lottery

ILLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 21, 2026 is estimated to be $140 Million, with a cash option of 62.8 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 Apr 21, 2026

Draw Date	Jackpot	Cash Option
Tue Apr 21, 2026	$140,000,000	$62,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$62,800,000
Federal Tax(24%)	$15,072,000
Additional Federal Tax	$8,124,330
State Tax(4.95%)	$3,108,600
Net Lumpsum Payment	$36,495,070

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,107,140	-$739,972 -$104,303	$1,262,865
2	$2,212,560	-$778,978 -$109,522	$1,324,060
3	$2,323,160	-$819,900 -$114,996	$1,388,264
4	$2,439,360	-$862,894 -$120,748	$1,455,718
5	$2,561,300	-$908,011 -$126,784	$1,526,505
6	$2,689,400	-$955,408 -$133,125	$1,600,867
7	$2,823,800	-$1,005,136 -$139,778	$1,678,886
8	$2,965,060	-$1,057,403 -$146,770	$1,760,887
9	$3,113,320	-$1,112,259 -$154,109	$1,846,952
10	$3,269,000	-$1,169,860 -$161,816	$1,937,324
11	$3,432,380	-$1,230,311 -$169,903	$2,032,166
12	$3,604,020	-$1,293,818 -$178,399	$2,131,803
13	$3,784,200	-$1,360,484 -$187,318	$2,236,398
14	$3,973,480	-$1,430,518 -$196,687	$2,346,275
15	$4,172,140	-$1,504,022 -$206,521	$2,461,597
16	$4,380,740	-$1,581,204 -$216,847	$2,582,689
17	$4,599,700	-$1,662,219 -$227,685	$2,709,796
18	$4,829,720	-$1,747,327 -$239,071	$2,843,322
19	$5,071,220	-$1,836,682 -$251,025	$2,983,513
20	$5,324,760	-$1,930,492 -$263,576	$3,130,692
21	$5,591,040	-$2,029,015 -$276,756	$3,285,269
22	$5,870,620	-$2,132,460 -$290,596	$3,447,564
23	$6,164,060	-$2,241,033 -$305,121	$3,617,906
24	$6,472,340	-$2,355,096 -$320,381	$3,796,863
25	$6,795,880	-$2,474,806 -$336,396	$3,984,678
26	$7,135,800	-$2,600,576 -$353,222	$4,182,002
27	$7,492,520	-$2,732,563 -$370,880	$4,389,077
28	$7,867,160	-$2,871,180 -$389,424	$4,606,556
29	$8,260,560	-$3,016,738 -$408,898	$4,834,924
30	$8,673,560	-$3,169,548 -$429,341	$5,074,671