The jackpot for the MEGA Millions draw on Fri Jun 12, 2026, is projected to be $413 Million, with an option for a cash payout of $182.6 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 Jun 12, 2026 |
|---|
| Draw Date | Fri Jun 12, 2026 | | Projected Jackpot | $413,000,000 | | Cash Value | $182,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $182,600,000 | | Federal Tax(24%) | $43,824,000 | | Additional Federal Tax | $23,698,330 | | State Tax(4.95%) | $9,038,700 | | Net Lumpsum Payment | $106,038,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,216,063 |
$2,260,274
$307,695 |
$3,648,094 |
| 2 |
$6,527,052 |
$2,375,340
$323,089 |
$3,828,623 |
| 3 |
$6,853,322 |
$2,496,060
$339,239 |
$4,018,023 |
| 4 |
$7,196,112 |
$2,622,892
$356,208 |
$4,217,012 |
| 5 |
$7,555,835 |
$2,755,989
$374,014 |
$4,425,832 |
| 6 |
$7,933,730 |
$2,895,810
$392,720 |
$4,645,200 |
| 7 |
$8,330,210 |
$3,042,508
$412,345 |
$4,875,357 |
| 8 |
$8,746,927 |
$3,196,693
$432,973 |
$5,117,261 |
| 9 |
$9,184,294 |
$3,358,519
$454,623 |
$5,371,152 |
| 10 |
$9,643,550 |
$3,528,444
$477,356 |
$5,637,750 |
| 11 |
$10,125,521 |
$3,706,773
$501,213 |
$5,917,535 |
| 12 |
$10,631,859 |
$3,894,118
$526,277 |
$6,211,464 |
| 13 |
$11,163,390 |
$4,090,785
$552,588 |
$6,520,017 |
| 14 |
$11,721,766 |
$4,297,384
$580,227 |
$6,844,155 |
| 15 |
$12,307,813 |
$4,514,221
$609,237 |
$7,184,355 |
| 16 |
$12,923,183 |
$4,741,908
$639,698 |
$7,541,577 |
| 17 |
$13,569,115 |
$4,980,903
$671,671 |
$7,916,541 |
| 18 |
$14,247,674 |
$5,231,970
$705,260 |
$8,310,444 |
| 19 |
$14,960,099 |
$5,495,567
$740,525 |
$8,724,007 |
| 20 |
$15,708,042 |
$5,772,306
$777,548 |
$9,158,188 |
| 21 |
$16,493,568 |
$6,062,951
$816,432 |
$9,614,185 |
| 22 |
$17,318,329 |
$6,368,112
$857,257 |
$10,092,960 |
| 23 |
$18,183,977 |
$6,688,402
$900,107 |
$10,595,468 |
| 24 |
$19,093,403 |
$7,024,889
$945,123 |
$11,123,391 |
| 25 |
$20,047,846 |
$7,378,033
$992,368 |
$11,677,445 |
| 26 |
$21,050,610 |
$7,749,056
$1,042,005 |
$12,259,549 |
| 27 |
$22,102,934 |
$8,138,416
$1,094,095 |
$12,870,423 |
| 28 |
$23,208,122 |
$8,547,336
$1,148,802 |
$13,511,984 |
| 29 |
$24,368,652 |
$8,976,732
$1,206,248 |
$14,185,672 |
| 30 |
$25,587,002 |
$9,427,521
$1,266,557 |
$14,892,924 |
|
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