The jackpot for the MEGA Millions draw on Tue Jul 22, 2025, is projected to be $110 Million, with an option for a cash payout of $48.4 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Illinois residents, the state will deduct 4.95% from your lottery earnings.
| Illinois MEGA Millions Jackpot/Cash Option for Tue Jul 22, 2025 |
|---|
| Draw Date | Tue Jul 22, 2025 | | Projected Jackpot | $110,000,000 | | Cash Value | $48,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $48,400,000 | | Federal Tax(24%) | $11,616,000 | | Additional Federal Tax | $6,252,330 | | State Tax(4.95%) | $2,395,800 | | Net Lumpsum Payment | $28,135,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,655,610 |
$572,906
$81,953 |
$1,000,751 |
| 2 |
$1,738,440 |
$603,553
$86,053 |
$1,048,834 |
| 3 |
$1,825,340 |
$635,706
$90,354 |
$1,099,280 |
| 4 |
$1,916,640 |
$669,487
$94,874 |
$1,152,279 |
| 5 |
$2,012,450 |
$704,937
$99,616 |
$1,207,897 |
| 6 |
$2,113,100 |
$742,177
$104,598 |
$1,266,325 |
| 7 |
$2,218,700 |
$781,249
$109,826 |
$1,327,625 |
| 8 |
$2,329,690 |
$822,316
$115,320 |
$1,392,054 |
| 9 |
$2,446,180 |
$865,417
$121,086 |
$1,459,677 |
| 10 |
$2,568,500 |
$910,675
$127,141 |
$1,530,684 |
| 11 |
$2,696,870 |
$958,172
$133,495 |
$1,605,203 |
| 12 |
$2,831,730 |
$1,008,070
$140,171 |
$1,683,489 |
| 13 |
$2,973,300 |
$1,060,451
$147,178 |
$1,765,671 |
| 14 |
$3,122,020 |
$1,115,478
$154,540 |
$1,852,002 |
| 15 |
$3,278,110 |
$1,173,231
$162,266 |
$1,942,613 |
| 16 |
$3,442,010 |
$1,233,874
$170,379 |
$2,037,757 |
| 17 |
$3,614,050 |
$1,297,529
$178,895 |
$2,137,626 |
| 18 |
$3,794,780 |
$1,364,399
$187,842 |
$2,242,539 |
| 19 |
$3,984,530 |
$1,434,606
$197,234 |
$2,352,690 |
| 20 |
$4,183,740 |
$1,508,314
$207,095 |
$2,468,331 |
| 21 |
$4,392,960 |
$1,585,726
$217,452 |
$2,589,782 |
| 22 |
$4,612,630 |
$1,667,003
$228,325 |
$2,717,302 |
| 23 |
$4,843,190 |
$1,752,311
$239,738 |
$2,851,141 |
| 24 |
$5,085,410 |
$1,841,932
$251,728 |
$2,991,750 |
| 25 |
$5,339,620 |
$1,935,990
$264,311 |
$3,139,319 |
| 26 |
$5,606,700 |
$2,034,809
$277,532 |
$3,294,359 |
| 27 |
$5,886,980 |
$2,138,513
$291,406 |
$3,457,061 |
| 28 |
$6,181,340 |
$2,247,426
$305,976 |
$3,627,938 |
| 29 |
$6,490,440 |
$2,361,793
$321,277 |
$3,807,370 |
| 30 |
$6,814,940 |
$2,481,858
$337,340 |
$3,995,742 |
|
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