The jackpot for the MEGA Millions draw on Tue Jun 17, 2025, is projected to be $280 Million, with an option for a cash payout of $126.1 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 Jun 17, 2025 |
|---|
| Draw Date | Tue Jun 17, 2025 | | Projected Jackpot | $280,000,000 | | Cash Value | $126,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $126,100,000 | | Federal Tax(24%) | $30,264,000 | | Additional Federal Tax | $16,353,330 | | State Tax(4.95%) | $6,241,950 | | Net Lumpsum Payment | $73,240,720 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,214,280 |
$1,519,614
$208,607 |
$2,486,059 |
| 2 |
$4,425,120 |
$1,597,625
$219,043 |
$2,608,452 |
| 3 |
$4,646,320 |
$1,679,469
$229,993 |
$2,736,858 |
| 4 |
$4,878,720 |
$1,765,457
$241,497 |
$2,871,766 |
| 5 |
$5,122,600 |
$1,855,692
$253,569 |
$3,013,339 |
| 6 |
$5,378,800 |
$1,950,486
$266,251 |
$3,162,063 |
| 7 |
$5,647,600 |
$2,049,942
$279,556 |
$3,318,102 |
| 8 |
$5,930,120 |
$2,154,475
$293,541 |
$3,482,104 |
| 9 |
$6,226,640 |
$2,264,187
$308,219 |
$3,654,234 |
| 10 |
$6,538,000 |
$2,379,390
$323,631 |
$3,834,979 |
| 11 |
$6,864,760 |
$2,500,292
$339,806 |
$4,024,662 |
| 12 |
$7,208,040 |
$2,627,305
$356,798 |
$4,223,937 |
| 13 |
$7,568,400 |
$2,760,638
$374,636 |
$4,433,126 |
| 14 |
$7,946,960 |
$2,900,706
$393,375 |
$4,652,879 |
| 15 |
$8,344,280 |
$3,047,714
$413,042 |
$4,883,524 |
| 16 |
$8,761,480 |
$3,202,078
$433,693 |
$5,125,709 |
| 17 |
$9,199,400 |
$3,364,108
$455,370 |
$5,379,922 |
| 18 |
$9,659,440 |
$3,534,323
$478,142 |
$5,646,975 |
| 19 |
$10,142,440 |
$3,713,033
$502,051 |
$5,927,356 |
| 20 |
$10,649,520 |
$3,900,653
$527,151 |
$6,221,716 |
| 21 |
$11,182,080 |
$4,097,700
$553,513 |
$6,530,867 |
| 22 |
$11,741,240 |
$4,304,589
$581,191 |
$6,855,460 |
| 23 |
$12,328,120 |
$4,521,735
$610,242 |
$7,196,143 |
| 24 |
$12,944,680 |
$4,749,862
$640,762 |
$7,554,056 |
| 25 |
$13,591,760 |
$4,989,282
$672,792 |
$7,929,686 |
| 26 |
$14,271,600 |
$5,240,822
$706,444 |
$8,324,334 |
| 27 |
$14,985,040 |
$5,504,795
$741,759 |
$8,738,486 |
| 28 |
$15,734,320 |
$5,782,029
$778,849 |
$9,173,442 |
| 29 |
$16,521,120 |
$6,073,145
$817,795 |
$9,630,180 |
| 30 |
$17,347,120 |
$6,378,765
$858,682 |
$10,109,673 |
|
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