The jackpot for the MEGA Millions draw on Tue Oct 27, 2026, is projected to be $443 Million, with an option for a cash payout of $186.5 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 Oct 27, 2026 |
|---|
| Draw Date | Tue Oct 27, 2026 | | Projected Jackpot | $443,000,000 | | Cash Value | $186,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $186,500,000 | | Federal Tax(24%) | $44,760,000 | | Additional Federal Tax | $24,205,330 | | State Tax(4.95%) | $9,231,750 | | Net Lumpsum Payment | $108,302,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,667,593 |
$2,427,340
$330,046 |
$3,910,207 |
| 2 |
$7,001,172 |
$2,550,764
$346,558 |
$4,103,850 |
| 3 |
$7,351,142 |
$2,680,253
$363,882 |
$4,307,007 |
| 4 |
$7,718,832 |
$2,816,298
$382,082 |
$4,520,452 |
| 5 |
$8,104,685 |
$2,959,064
$401,182 |
$4,744,439 |
| 6 |
$8,510,030 |
$3,109,041
$421,246 |
$4,979,743 |
| 7 |
$8,935,310 |
$3,266,395
$442,298 |
$5,226,617 |
| 8 |
$9,382,297 |
$3,431,780
$464,424 |
$5,486,093 |
| 9 |
$9,851,434 |
$3,605,361
$487,646 |
$5,758,427 |
| 10 |
$10,344,050 |
$3,787,629
$512,030 |
$6,044,391 |
| 11 |
$10,861,031 |
$3,978,912
$537,621 |
$6,344,498 |
| 12 |
$11,404,149 |
$4,179,866
$564,505 |
$6,659,778 |
| 13 |
$11,974,290 |
$4,390,818
$592,727 |
$6,990,745 |
| 14 |
$12,573,226 |
$4,612,424
$622,375 |
$7,338,427 |
| 15 |
$13,201,843 |
$4,845,012
$653,491 |
$7,703,340 |
| 16 |
$13,861,913 |
$5,089,238
$686,165 |
$8,086,510 |
| 17 |
$14,554,765 |
$5,345,593
$720,461 |
$8,488,711 |
| 18 |
$15,282,614 |
$5,614,898
$756,489 |
$8,911,227 |
| 19 |
$16,046,789 |
$5,897,642
$794,316 |
$9,354,831 |
| 20 |
$16,849,062 |
$6,194,483
$834,029 |
$9,820,550 |
| 21 |
$17,691,648 |
$6,506,240
$875,737 |
$10,309,671 |
| 22 |
$18,576,319 |
$6,833,568
$919,528 |
$10,823,223 |
| 23 |
$19,504,847 |
$7,177,124
$965,490 |
$11,362,233 |
| 24 |
$20,480,333 |
$7,538,054
$1,013,776 |
$11,928,503 |
| 25 |
$21,504,106 |
$7,916,850
$1,064,453 |
$12,522,803 |
| 26 |
$22,579,710 |
$8,314,823
$1,117,696 |
$13,147,191 |
| 27 |
$23,708,474 |
$8,732,466
$1,173,569 |
$13,802,439 |
| 28 |
$24,893,942 |
$9,171,089
$1,232,250 |
$14,490,603 |
| 29 |
$26,138,772 |
$9,631,676
$1,293,869 |
$15,213,227 |
| 30 |
$27,445,622 |
$10,115,211
$1,358,558 |
$15,971,853 |
|
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