The jackpot for the MEGA Millions draw on Tue Dec 16, 2025, is projected to be $80 Million, with an option for a cash payout of $36.2 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 Dec 16, 2025 |
|---|
| Draw Date | Tue Dec 16, 2025 | | Projected Jackpot | $80,000,000 | | Cash Value | $36,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $36,200,000 | | Federal Tax(24%) | $8,688,000 | | Additional Federal Tax | $4,666,330 | | State Tax(4.95%) | $1,791,900 | | Net Lumpsum Payment | $21,053,770 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,204,080 |
$405,840
$59,602 |
$738,638 |
| 2 |
$1,264,320 |
$428,129
$62,584 |
$773,607 |
| 3 |
$1,327,520 |
$451,513
$65,712 |
$810,295 |
| 4 |
$1,393,920 |
$476,081
$68,999 |
$848,840 |
| 5 |
$1,463,600 |
$501,862
$72,448 |
$889,290 |
| 6 |
$1,536,800 |
$528,946
$76,072 |
$931,782 |
| 7 |
$1,613,600 |
$557,362
$79,873 |
$976,365 |
| 8 |
$1,694,320 |
$587,229
$83,869 |
$1,023,222 |
| 9 |
$1,779,040 |
$618,575
$88,062 |
$1,072,403 |
| 10 |
$1,868,000 |
$651,490
$92,466 |
$1,124,044 |
| 11 |
$1,961,360 |
$686,034
$97,087 |
$1,178,239 |
| 12 |
$2,059,440 |
$722,323
$101,942 |
$1,235,175 |
| 13 |
$2,162,400 |
$760,418
$107,039 |
$1,294,943 |
| 14 |
$2,270,560 |
$800,438
$112,393 |
$1,357,729 |
| 15 |
$2,384,080 |
$842,440
$118,012 |
$1,423,628 |
| 16 |
$2,503,280 |
$886,544
$123,912 |
$1,492,824 |
| 17 |
$2,628,400 |
$932,838
$130,106 |
$1,565,456 |
| 18 |
$2,759,840 |
$981,471
$136,612 |
$1,641,757 |
| 19 |
$2,897,840 |
$1,032,531
$143,443 |
$1,721,866 |
| 20 |
$3,042,720 |
$1,086,137
$150,615 |
$1,805,968 |
| 21 |
$3,194,880 |
$1,142,436
$158,147 |
$1,894,297 |
| 22 |
$3,354,640 |
$1,201,547
$166,055 |
$1,987,038 |
| 23 |
$3,522,320 |
$1,263,589
$174,355 |
$2,084,376 |
| 24 |
$3,698,480 |
$1,328,768
$183,075 |
$2,186,637 |
| 25 |
$3,883,360 |
$1,397,174
$192,226 |
$2,293,960 |
| 26 |
$4,077,600 |
$1,469,042
$201,841 |
$2,406,717 |
| 27 |
$4,281,440 |
$1,544,463
$211,931 |
$2,525,046 |
| 28 |
$4,495,520 |
$1,623,673
$222,528 |
$2,649,319 |
| 29 |
$4,720,320 |
$1,706,849
$233,656 |
$2,779,815 |
| 30 |
$4,956,320 |
$1,794,169
$245,338 |
$2,916,813 |
|
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