The jackpot for the MEGA Millions draw on Tue Sep 22, 2026, is projected to be $261 Million, with an option for a cash payout of $110.5 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 22, 2026 |
|---|
| Draw Date | Tue Sep 22, 2026 | | Projected Jackpot | $261,000,000 | | Cash Value | $110,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $110,500,000 | | Federal Tax(24%) | $26,520,000 | | Additional Federal Tax | $14,325,330 | | State Tax(4.95%) | $5,469,750 | | Net Lumpsum Payment | $64,184,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,928,311 |
$1,413,805
$194,451 |
$2,320,055 |
| 2 |
$4,124,844 |
$1,486,523
$204,180 |
$2,434,141 |
| 3 |
$4,331,034 |
$1,562,813
$214,386 |
$2,553,835 |
| 4 |
$4,547,664 |
$1,642,966
$225,109 |
$2,679,589 |
| 5 |
$4,774,995 |
$1,727,079
$236,362 |
$2,811,554 |
| 6 |
$5,013,810 |
$1,815,440
$248,184 |
$2,950,186 |
| 7 |
$5,264,370 |
$1,908,147
$260,586 |
$3,095,637 |
| 8 |
$5,527,719 |
$2,005,586
$273,622 |
$3,248,511 |
| 9 |
$5,804,118 |
$2,107,854
$287,304 |
$3,408,960 |
| 10 |
$6,094,350 |
$2,215,240
$301,670 |
$3,577,440 |
| 11 |
$6,398,937 |
$2,327,937
$316,747 |
$3,754,253 |
| 12 |
$6,718,923 |
$2,446,332
$332,587 |
$3,940,004 |
| 13 |
$7,054,830 |
$2,570,617
$349,214 |
$4,134,999 |
| 14 |
$7,407,702 |
$2,701,180
$366,681 |
$4,339,841 |
| 15 |
$7,778,061 |
$2,838,213
$385,014 |
$4,554,834 |
| 16 |
$8,166,951 |
$2,982,102
$404,264 |
$4,780,585 |
| 17 |
$8,575,155 |
$3,133,138
$424,470 |
$5,017,547 |
| 18 |
$9,003,978 |
$3,291,802
$445,697 |
$5,266,479 |
| 19 |
$9,454,203 |
$3,458,385
$467,983 |
$5,527,835 |
| 20 |
$9,926,874 |
$3,633,274
$491,380 |
$5,802,220 |
| 21 |
$10,423,296 |
$3,816,950
$515,953 |
$6,090,393 |
| 22 |
$10,944,513 |
$4,009,800
$541,753 |
$6,392,960 |
| 23 |
$11,491,569 |
$4,212,211
$568,833 |
$6,710,525 |
| 24 |
$12,066,291 |
$4,424,858
$597,281 |
$7,044,152 |
| 25 |
$12,669,462 |
$4,648,031
$627,138 |
$7,394,293 |
| 26 |
$13,303,170 |
$4,882,503
$658,507 |
$7,762,160 |
| 27 |
$13,968,198 |
$5,128,564
$691,426 |
$8,148,208 |
| 28 |
$14,666,634 |
$5,386,985
$725,998 |
$8,553,651 |
| 29 |
$15,400,044 |
$5,658,347
$762,302 |
$8,979,395 |
| 30 |
$16,169,994 |
$5,943,228
$800,415 |
$9,426,351 |
|
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