The jackpot for the MEGA Millions draw on Tue Sep 16, 2025, is projected to be $400 Million, with an option for a cash payout of $185.8 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 Sep 16, 2025 |
|---|
| Draw Date | Tue Sep 16, 2025 | | Projected Jackpot | $400,000,000 | | Cash Value | $185,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $185,800,000 | | Federal Tax(24%) | $44,592,000 | | Additional Federal Tax | $24,114,330 | | State Tax(4.95%) | $9,197,100 | | Net Lumpsum Payment | $107,896,570 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,020,400 |
$2,187,878
$298,010 |
$3,534,512 |
| 2 |
$6,321,600 |
$2,299,322
$312,919 |
$3,709,359 |
| 3 |
$6,637,600 |
$2,416,242
$328,561 |
$3,892,797 |
| 4 |
$6,969,600 |
$2,539,082
$344,995 |
$4,085,523 |
| 5 |
$7,318,000 |
$2,667,990
$362,241 |
$4,287,769 |
| 6 |
$7,684,000 |
$2,803,410
$380,358 |
$4,500,232 |
| 7 |
$8,068,000 |
$2,945,490
$399,366 |
$4,723,144 |
| 8 |
$8,471,600 |
$3,094,822
$419,344 |
$4,957,434 |
| 9 |
$8,895,200 |
$3,251,554
$440,312 |
$5,203,334 |
| 10 |
$9,340,000 |
$3,416,130
$462,330 |
$5,461,540 |
| 11 |
$9,806,800 |
$3,588,846
$485,437 |
$5,732,517 |
| 12 |
$10,297,200 |
$3,770,294
$509,711 |
$6,017,195 |
| 13 |
$10,812,000 |
$3,960,770
$535,194 |
$6,316,036 |
| 14 |
$11,352,800 |
$4,160,866
$561,964 |
$6,629,970 |
| 15 |
$11,920,400 |
$4,370,878
$590,060 |
$6,959,462 |
| 16 |
$12,516,400 |
$4,591,398
$619,562 |
$7,305,440 |
| 17 |
$13,142,000 |
$4,822,870
$650,529 |
$7,668,601 |
| 18 |
$13,799,200 |
$5,066,034
$683,060 |
$8,050,106 |
| 19 |
$14,489,200 |
$5,321,334
$717,215 |
$8,450,651 |
| 20 |
$15,213,600 |
$5,589,362
$753,073 |
$8,871,165 |
| 21 |
$15,974,400 |
$5,870,858
$790,733 |
$9,312,809 |
| 22 |
$16,773,200 |
$6,166,414
$830,273 |
$9,776,513 |
| 23 |
$17,611,600 |
$6,476,622
$871,774 |
$10,263,204 |
| 24 |
$18,492,400 |
$6,802,518
$915,374 |
$10,774,508 |
| 25 |
$19,416,800 |
$7,144,546
$961,132 |
$11,311,122 |
| 26 |
$20,388,000 |
$7,503,890
$1,009,206 |
$11,874,904 |
| 27 |
$21,407,200 |
$7,880,994
$1,059,656 |
$12,466,550 |
| 28 |
$22,477,600 |
$8,277,042
$1,112,641 |
$13,087,917 |
| 29 |
$23,601,600 |
$8,692,922
$1,168,279 |
$13,740,399 |
| 30 |
$24,781,600 |
$9,129,522
$1,226,689 |
$14,425,389 |
|
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