Illinois Lottery

ILLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Mar 10, 2026 is estimated to be $533 Million, with a cash option of 244.2 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 Mar 10, 2026

Draw Date	Jackpot	Cash Option
Tue Mar 10, 2026	$533,000,000	$244,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$244,200,000
Federal Tax(24%)	$58,608,000
Additional Federal Tax	$31,706,330
State Tax(4.95%)	$12,087,900
Net Lumpsum Payment	$141,797,770

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,022,183	-$2,928,538 -$397,098	$4,696,547
2	$8,423,532	-$3,077,037 -$416,965	$4,929,530
3	$8,844,602	-$3,232,833 -$437,808	$5,173,961
4	$9,286,992	-$3,396,517 -$459,706	$5,430,769
5	$9,751,235	-$3,568,287 -$482,686	$5,700,262
6	$10,238,930	-$3,748,734 -$506,827	$5,983,369
7	$10,750,610	-$3,938,056 -$532,155	$6,280,399
8	$11,288,407	-$4,137,041 -$558,776	$6,592,590
9	$11,852,854	-$4,345,886 -$586,716	$6,920,252
10	$12,445,550	-$4,565,184 -$616,055	$7,264,311
11	$13,067,561	-$4,795,328 -$646,844	$7,625,389
12	$13,721,019	-$5,037,107 -$679,190	$8,004,722
13	$14,406,990	-$5,290,917 -$713,146	$8,402,927
14	$15,127,606	-$5,557,545 -$748,816	$8,821,245
15	$15,883,933	-$5,837,386 -$786,255	$9,260,292
16	$16,678,103	-$6,131,228 -$825,566	$9,721,309
17	$17,511,715	-$6,439,665 -$866,830	$10,205,220
18	$18,387,434	-$6,763,681 -$910,178	$10,713,575
19	$19,306,859	-$7,103,868 -$955,690	$11,247,301
20	$20,272,122	-$7,461,016 -$1,003,470	$11,807,636
21	$21,285,888	-$7,836,109 -$1,053,651	$12,396,128
22	$22,350,289	-$8,229,937 -$1,106,339	$13,014,013
23	$23,467,457	-$8,643,289 -$1,161,639	$13,662,529
24	$24,641,123	-$9,077,546 -$1,219,736	$14,343,841
25	$25,872,886	-$9,533,298 -$1,280,708	$15,058,880
26	$27,167,010	-$10,012,124 -$1,344,767	$15,810,119
27	$28,525,094	-$10,514,615 -$1,411,992	$16,598,487
28	$29,951,402	-$11,042,349 -$1,482,594	$17,426,459
29	$31,449,132	-$11,596,509 -$1,556,732	$18,295,891
30	$33,021,482	-$12,178,279 -$1,634,563	$19,208,640