Illinois Lottery

ILLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 2, 2025 is estimated to be $302 Million, with a cash option of 136 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 Sep 2, 2025

Draw Date	Jackpot	Cash Option
Tue Sep 2, 2025	$302,000,000	$136,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$136,000,000
Federal Tax(24%)	$32,640,000
Additional Federal Tax	$17,640,330
State Tax(4.95%)	$6,732,000
Net Lumpsum Payment	$78,987,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,545,402	-$1,642,129 -$224,997	$2,678,276
2	$4,772,808	-$1,726,269 -$236,254	$2,810,285
3	$5,011,388	-$1,814,544 -$248,064	$2,948,780
4	$5,262,048	-$1,907,288 -$260,471	$3,094,289
5	$5,525,090	-$2,004,614 -$273,492	$3,246,984
6	$5,801,420	-$2,106,856 -$287,170	$3,407,394
7	$6,091,340	-$2,214,126 -$301,521	$3,575,693
8	$6,396,058	-$2,326,872 -$316,605	$3,752,581
9	$6,715,876	-$2,445,205 -$332,436	$3,938,235
10	$7,051,700	-$2,569,459 -$349,059	$4,133,182
11	$7,404,134	-$2,699,860 -$366,505	$4,337,769
12	$7,774,386	-$2,836,853 -$384,832	$4,552,701
13	$8,163,060	-$2,980,663 -$404,071	$4,778,326
14	$8,571,364	-$3,131,735 -$424,283	$5,015,346
15	$8,999,902	-$3,290,294 -$445,495	$5,264,113
16	$9,449,882	-$3,456,787 -$467,769	$5,525,326
17	$9,922,210	-$3,631,548 -$491,149	$5,799,513
18	$10,418,396	-$3,815,137 -$515,711	$6,087,548
19	$10,939,346	-$4,007,888 -$541,498	$6,389,960
20	$11,486,268	-$4,210,250 -$568,570	$6,707,448
21	$12,060,672	-$4,422,779 -$597,003	$7,040,890
22	$12,663,766	-$4,645,924 -$626,856	$7,390,986
23	$13,296,758	-$4,880,131 -$658,190	$7,758,437
24	$13,961,762	-$5,126,182 -$691,107	$8,144,473
25	$14,659,684	-$5,384,413 -$725,654	$8,549,617
26	$15,392,940	-$5,655,718 -$761,951	$8,975,271
27	$16,162,436	-$5,940,432 -$800,041	$9,421,963
28	$16,970,588	-$6,239,448 -$840,044	$9,891,096
29	$17,819,208	-$6,553,437 -$882,051	$10,383,720
30	$18,710,108	-$6,883,070 -$926,150	$10,900,888