The jackpot for the MEGA Millions draw on Tue Apr 21, 2026, is projected to be $140 Million, with an option for a cash payout of $62.8 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 Apr 21, 2026 |
|---|
| Draw Date | Tue Apr 21, 2026 | | Projected Jackpot | $140,000,000 | | Cash Value | $62,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $62,800,000 | | Federal Tax(24%) | $15,072,000 | | Additional Federal Tax | $8,124,330 | | State Tax(4.95%) | $3,108,600 | | Net Lumpsum Payment | $36,495,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,107,140 |
$739,972
$104,303 |
$1,262,865 |
| 2 |
$2,212,560 |
$778,978
$109,522 |
$1,324,060 |
| 3 |
$2,323,160 |
$819,900
$114,996 |
$1,388,264 |
| 4 |
$2,439,360 |
$862,894
$120,748 |
$1,455,718 |
| 5 |
$2,561,300 |
$908,011
$126,784 |
$1,526,505 |
| 6 |
$2,689,400 |
$955,408
$133,125 |
$1,600,867 |
| 7 |
$2,823,800 |
$1,005,136
$139,778 |
$1,678,886 |
| 8 |
$2,965,060 |
$1,057,403
$146,770 |
$1,760,887 |
| 9 |
$3,113,320 |
$1,112,259
$154,109 |
$1,846,952 |
| 10 |
$3,269,000 |
$1,169,860
$161,816 |
$1,937,324 |
| 11 |
$3,432,380 |
$1,230,311
$169,903 |
$2,032,166 |
| 12 |
$3,604,020 |
$1,293,818
$178,399 |
$2,131,803 |
| 13 |
$3,784,200 |
$1,360,484
$187,318 |
$2,236,398 |
| 14 |
$3,973,480 |
$1,430,518
$196,687 |
$2,346,275 |
| 15 |
$4,172,140 |
$1,504,022
$206,521 |
$2,461,597 |
| 16 |
$4,380,740 |
$1,581,204
$216,847 |
$2,582,689 |
| 17 |
$4,599,700 |
$1,662,219
$227,685 |
$2,709,796 |
| 18 |
$4,829,720 |
$1,747,327
$239,071 |
$2,843,322 |
| 19 |
$5,071,220 |
$1,836,682
$251,025 |
$2,983,513 |
| 20 |
$5,324,760 |
$1,930,492
$263,576 |
$3,130,692 |
| 21 |
$5,591,040 |
$2,029,015
$276,756 |
$3,285,269 |
| 22 |
$5,870,620 |
$2,132,460
$290,596 |
$3,447,564 |
| 23 |
$6,164,060 |
$2,241,033
$305,121 |
$3,617,906 |
| 24 |
$6,472,340 |
$2,355,096
$320,381 |
$3,796,863 |
| 25 |
$6,795,880 |
$2,474,806
$336,396 |
$3,984,678 |
| 26 |
$7,135,800 |
$2,600,576
$353,222 |
$4,182,002 |
| 27 |
$7,492,520 |
$2,732,563
$370,880 |
$4,389,077 |
| 28 |
$7,867,160 |
$2,871,180
$389,424 |
$4,606,556 |
| 29 |
$8,260,560 |
$3,016,738
$408,898 |
$4,834,924 |
| 30 |
$8,673,560 |
$3,169,548
$429,341 |
$5,074,671 |
|
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