The jackpot for the MEGA Millions draw on Tue Mar 3, 2026, is projected to be $473 Million, with an option for a cash payout of $221.8 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 Mar 3, 2026 |
|---|
| Draw Date | Tue Mar 3, 2026 | | Projected Jackpot | $473,000,000 | | Cash Value | $221,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $221,800,000 | | Federal Tax(24%) | $53,232,000 | | Additional Federal Tax | $28,794,330 | | State Tax(4.95%) | $10,979,100 | | Net Lumpsum Payment | $128,794,570 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,119,123 |
$2,594,406
$352,397 |
$4,172,320 |
| 2 |
$7,475,292 |
$2,726,188
$370,027 |
$4,379,077 |
| 3 |
$7,848,962 |
$2,864,446
$388,524 |
$4,595,992 |
| 4 |
$8,241,552 |
$3,009,705
$407,957 |
$4,823,890 |
| 5 |
$8,653,535 |
$3,162,138
$428,350 |
$5,063,047 |
| 6 |
$9,086,330 |
$3,322,272
$449,773 |
$5,314,285 |
| 7 |
$9,540,410 |
$3,490,282
$472,250 |
$5,577,878 |
| 8 |
$10,017,667 |
$3,666,867
$495,875 |
$5,854,925 |
| 9 |
$10,518,574 |
$3,852,203
$520,669 |
$6,145,702 |
| 10 |
$11,044,550 |
$4,046,814
$546,705 |
$6,451,031 |
| 11 |
$11,596,541 |
$4,251,051
$574,029 |
$6,771,461 |
| 12 |
$12,176,439 |
$4,465,613
$602,734 |
$7,108,092 |
| 13 |
$12,785,190 |
$4,690,851
$632,867 |
$7,461,472 |
| 14 |
$13,424,686 |
$4,927,464
$664,522 |
$7,832,700 |
| 15 |
$14,095,873 |
$5,175,803
$697,746 |
$8,222,324 |
| 16 |
$14,800,643 |
$5,436,568
$732,632 |
$8,631,443 |
| 17 |
$15,540,415 |
$5,710,284
$769,251 |
$9,060,880 |
| 18 |
$16,317,554 |
$5,997,825
$807,719 |
$9,512,010 |
| 19 |
$17,133,479 |
$6,299,718
$848,107 |
$9,985,654 |
| 20 |
$17,990,082 |
$6,616,661
$890,509 |
$10,482,912 |
| 21 |
$18,889,728 |
$6,949,530
$935,042 |
$11,005,156 |
| 22 |
$19,834,309 |
$7,299,025
$981,798 |
$11,553,486 |
| 23 |
$20,825,717 |
$7,665,846
$1,030,873 |
$12,128,998 |
| 24 |
$21,867,263 |
$8,051,218
$1,082,430 |
$12,733,615 |
| 25 |
$22,960,366 |
$8,455,666
$1,136,538 |
$13,368,162 |
| 26 |
$24,108,810 |
$8,880,590
$1,193,386 |
$14,034,834 |
| 27 |
$25,314,014 |
$9,326,516
$1,253,044 |
$14,734,454 |
| 28 |
$26,579,762 |
$9,794,842
$1,315,698 |
$15,469,222 |
| 29 |
$27,908,892 |
$10,286,620
$1,381,490 |
$16,240,782 |
| 30 |
$29,304,242 |
$10,802,900
$1,450,560 |
$17,050,782 |
|
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