The jackpot for the MEGA Millions draw on Fri Apr 25, 2025, is projected to be $60 Million, with an option for a cash payout of $26.9 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 Fri Apr 25, 2025 |
|---|
| Draw Date | Fri Apr 25, 2025 | | Projected Jackpot | $60,000,000 | | Cash Value | $26,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $26,900,000 | | Federal Tax(24%) | $6,456,000 | | Additional Federal Tax | $3,457,330 | | State Tax(4.95%) | $1,331,550 | | Net Lumpsum Payment | $15,655,120 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$903,060 |
$294,463
$44,701 |
$563,896 |
| 2 |
$948,240 |
$311,179
$46,938 |
$590,123 |
| 3 |
$995,640 |
$328,717
$49,284 |
$617,639 |
| 4 |
$1,045,440 |
$347,143
$51,749 |
$646,548 |
| 5 |
$1,097,700 |
$366,479
$54,336 |
$676,885 |
| 6 |
$1,152,600 |
$386,792
$57,054 |
$708,754 |
| 7 |
$1,210,200 |
$408,104
$59,905 |
$742,191 |
| 8 |
$1,270,740 |
$430,504
$62,902 |
$777,334 |
| 9 |
$1,334,280 |
$454,014
$66,047 |
$814,219 |
| 10 |
$1,401,000 |
$478,700
$69,350 |
$852,950 |
| 11 |
$1,471,020 |
$504,608
$72,815 |
$893,597 |
| 12 |
$1,544,580 |
$531,825
$76,457 |
$936,298 |
| 13 |
$1,621,800 |
$560,396
$80,279 |
$981,125 |
| 14 |
$1,702,920 |
$590,411
$84,295 |
$1,028,214 |
| 15 |
$1,788,060 |
$621,913
$88,509 |
$1,077,638 |
| 16 |
$1,877,460 |
$654,991
$92,934 |
$1,129,535 |
| 17 |
$1,971,300 |
$689,711
$97,579 |
$1,184,010 |
| 18 |
$2,069,880 |
$726,186
$102,459 |
$1,241,235 |
| 19 |
$2,173,380 |
$764,481
$107,582 |
$1,301,317 |
| 20 |
$2,282,040 |
$804,685
$112,961 |
$1,364,394 |
| 21 |
$2,396,160 |
$846,910
$118,610 |
$1,430,640 |
| 22 |
$2,515,980 |
$891,243
$124,541 |
$1,500,196 |
| 23 |
$2,641,740 |
$937,774
$130,766 |
$1,573,200 |
| 24 |
$2,773,860 |
$986,659
$137,306 |
$1,649,895 |
| 25 |
$2,912,520 |
$1,037,963
$144,170 |
$1,730,387 |
| 26 |
$3,058,200 |
$1,091,864
$151,381 |
$1,814,955 |
| 27 |
$3,211,080 |
$1,148,430
$158,948 |
$1,903,702 |
| 28 |
$3,371,640 |
$1,207,837
$166,896 |
$1,996,907 |
| 29 |
$3,540,240 |
$1,270,219
$175,242 |
$2,094,779 |
| 30 |
$3,717,240 |
$1,335,709
$184,003 |
$2,197,528 |
|
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