The jackpot for the MEGA Millions draw on Fri Sep 5, 2025, is projected to be $336 Million, with an option for a cash payout of $151.3 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 Sep 5, 2025 |
|---|
| Draw Date | Fri Sep 5, 2025 | | Projected Jackpot | $336,000,000 | | Cash Value | $151,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $151,300,000 | | Federal Tax(24%) | $36,312,000 | | Additional Federal Tax | $19,629,330 | | State Tax(4.95%) | $7,489,350 | | Net Lumpsum Payment | $87,869,320 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,057,136 |
$1,831,471
$250,328 |
$2,975,337 |
| 2 |
$5,310,144 |
$1,925,084
$262,852 |
$3,122,208 |
| 3 |
$5,575,584 |
$2,023,296
$275,991 |
$3,276,297 |
| 4 |
$5,854,464 |
$2,126,482
$289,796 |
$3,438,186 |
| 5 |
$6,147,120 |
$2,234,765
$304,282 |
$3,608,073 |
| 6 |
$6,454,560 |
$2,348,518
$319,501 |
$3,786,541 |
| 7 |
$6,777,120 |
$2,467,865
$335,467 |
$3,973,788 |
| 8 |
$7,116,144 |
$2,593,304
$352,249 |
$4,170,591 |
| 9 |
$7,471,968 |
$2,724,959
$369,862 |
$4,377,147 |
| 10 |
$7,845,600 |
$2,863,202
$388,357 |
$4,594,041 |
| 11 |
$8,237,712 |
$3,008,284
$407,767 |
$4,821,661 |
| 12 |
$8,649,648 |
$3,160,700
$428,158 |
$5,060,790 |
| 13 |
$9,082,080 |
$3,320,700
$449,563 |
$5,311,817 |
| 14 |
$9,536,352 |
$3,488,781
$472,049 |
$5,575,522 |
| 15 |
$10,013,136 |
$3,665,191
$495,650 |
$5,852,295 |
| 16 |
$10,513,776 |
$3,850,428
$520,432 |
$6,142,916 |
| 17 |
$11,039,280 |
$4,044,864
$546,444 |
$6,447,972 |
| 18 |
$11,591,328 |
$4,249,122
$573,771 |
$6,768,435 |
| 19 |
$12,170,928 |
$4,463,574
$602,461 |
$7,104,893 |
| 20 |
$12,779,424 |
$4,688,717
$632,581 |
$7,458,126 |
| 21 |
$13,418,496 |
$4,925,174
$664,216 |
$7,829,106 |
| 22 |
$14,089,488 |
$5,173,441
$697,430 |
$8,218,617 |
| 23 |
$14,793,744 |
$5,434,016
$732,290 |
$8,627,438 |
| 24 |
$15,533,616 |
$5,707,768
$768,914 |
$9,056,934 |
| 25 |
$16,310,112 |
$5,995,072
$807,351 |
$9,507,689 |
| 26 |
$17,125,920 |
$6,296,921
$847,733 |
$9,981,266 |
| 27 |
$17,982,048 |
$6,613,688
$890,111 |
$10,478,249 |
| 28 |
$18,881,184 |
$6,946,368
$934,619 |
$11,000,197 |
| 29 |
$19,825,344 |
$7,295,708
$981,355 |
$11,548,281 |
| 30 |
$20,816,544 |
$7,662,452
$1,030,419 |
$12,123,673 |
|
|
