The jackpot for the MEGA Millions draw on Tue Feb 10, 2026, is projected to be $366 Million, with an option for a cash payout of $165.6 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 Feb 10, 2026 |
|---|
| Draw Date | Tue Feb 10, 2026 | | Projected Jackpot | $366,000,000 | | Cash Value | $165,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $165,600,000 | | Federal Tax(24%) | $39,744,000 | | Additional Federal Tax | $21,488,330 | | State Tax(4.95%) | $8,197,200 | | Net Lumpsum Payment | $96,170,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,508,666 |
$1,998,537
$272,679 |
$3,237,450 |
| 2 |
$5,784,264 |
$2,100,508
$286,321 |
$3,397,435 |
| 3 |
$6,073,404 |
$2,207,490
$300,633 |
$3,565,281 |
| 4 |
$6,377,184 |
$2,319,888
$315,671 |
$3,741,625 |
| 5 |
$6,695,970 |
$2,437,839
$331,451 |
$3,926,680 |
| 6 |
$7,030,860 |
$2,561,749
$348,028 |
$4,121,083 |
| 7 |
$7,382,220 |
$2,691,752
$365,420 |
$4,325,048 |
| 8 |
$7,751,514 |
$2,828,391
$383,700 |
$4,539,423 |
| 9 |
$8,139,108 |
$2,971,800
$402,886 |
$4,764,422 |
| 10 |
$8,546,100 |
$3,122,387
$423,032 |
$5,000,681 |
| 11 |
$8,973,222 |
$3,280,423
$444,174 |
$5,248,625 |
| 12 |
$9,421,938 |
$3,446,447
$466,386 |
$5,509,105 |
| 13 |
$9,892,980 |
$3,620,733
$489,703 |
$5,782,544 |
| 14 |
$10,387,812 |
$3,803,821
$514,197 |
$6,069,794 |
| 15 |
$10,907,166 |
$3,995,982
$539,905 |
$6,371,279 |
| 16 |
$11,452,506 |
$4,197,758
$566,899 |
$6,687,849 |
| 17 |
$12,024,930 |
$4,409,554
$595,234 |
$7,020,142 |
| 18 |
$12,626,268 |
$4,632,050
$625,000 |
$7,369,218 |
| 19 |
$13,257,618 |
$4,865,649
$656,252 |
$7,735,717 |
| 20 |
$13,920,444 |
$5,110,895
$689,062 |
$8,120,487 |
| 21 |
$14,616,576 |
$5,368,464
$723,521 |
$8,524,591 |
| 22 |
$15,347,478 |
$5,638,897
$759,700 |
$8,948,881 |
| 23 |
$16,114,614 |
$5,922,738
$797,673 |
$9,394,203 |
| 24 |
$16,920,546 |
$6,220,932
$837,567 |
$9,862,047 |
| 25 |
$17,766,372 |
$6,533,888
$879,435 |
$10,353,049 |
| 26 |
$18,655,020 |
$6,862,688
$923,423 |
$10,868,909 |
| 27 |
$19,587,588 |
$7,207,738
$969,586 |
$11,410,264 |
| 28 |
$20,567,004 |
$7,570,122
$1,018,067 |
$11,978,815 |
| 29 |
$21,595,464 |
$7,950,652
$1,068,975 |
$12,575,837 |
| 30 |
$22,675,164 |
$8,350,141
$1,122,421 |
$13,202,602 |
|
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