Illinois Lottery

ILLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Nov 4, 2025 is estimated to be $800 Million, with a cash option of 371.7 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 Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Illinois MEGA Millions Jackpot/Cash Option for Tue Nov 4, 2025

Draw Date	Jackpot	Cash Option
Tue Nov 4, 2025	$800,000,000	$371,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$371,700,000
Federal Tax(24%)	$89,208,000
Additional Federal Tax	$48,281,330
State Tax(4.95%)	$18,399,150
Net Lumpsum Payment	$215,811,520

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$12,040,800	-$4,415,426 -$596,020	$7,029,354
2	$12,643,200	-$4,638,314 -$625,838	$7,379,048
3	$13,275,200	-$4,872,154 -$657,122	$7,745,924
4	$13,939,200	-$5,117,834 -$689,990	$8,131,376
5	$14,636,000	-$5,375,650 -$724,482	$8,535,868
6	$15,368,000	-$5,646,490 -$760,716	$8,960,794
7	$16,136,000	-$5,930,650 -$798,732	$9,406,618
8	$16,943,200	-$6,229,314 -$838,688	$9,875,198
9	$17,790,400	-$6,542,778 -$880,625	$10,366,997
10	$18,680,000	-$6,871,930 -$924,660	$10,883,410
11	$19,613,600	-$7,217,362 -$970,873	$11,425,365
12	$20,594,400	-$7,580,258 -$1,019,423	$11,994,719
13	$21,624,000	-$7,961,210 -$1,070,388	$12,592,402
14	$22,705,600	-$8,361,402 -$1,123,927	$13,220,271
15	$23,840,800	-$8,781,426 -$1,180,120	$13,879,254
16	$25,032,800	-$9,222,466 -$1,239,124	$14,571,210
17	$26,284,000	-$9,685,410 -$1,301,058	$15,297,532
18	$27,598,400	-$10,171,738 -$1,366,121	$16,060,541
19	$28,978,400	-$10,682,338 -$1,434,431	$16,861,631
20	$30,427,200	-$11,218,394 -$1,506,146	$17,702,660
21	$31,948,800	-$11,781,386 -$1,581,466	$18,585,948
22	$33,546,400	-$12,372,498 -$1,660,547	$19,513,355
23	$35,223,200	-$12,992,914 -$1,743,548	$20,486,738
24	$36,984,800	-$13,644,706 -$1,830,748	$21,509,346
25	$38,833,600	-$14,328,762 -$1,922,263	$22,582,575
26	$40,776,000	-$15,047,450 -$2,018,412	$23,710,138
27	$42,814,400	-$15,801,658 -$2,119,313	$24,893,429
28	$44,955,200	-$16,593,754 -$2,225,282	$26,136,164
29	$47,203,200	-$17,425,514 -$2,336,558	$27,441,128
30	$49,563,200	-$18,298,714 -$2,453,378	$28,811,108