The jackpot for the MEGA Millions draw on Fri Sep 19, 2025, is projected to be $423 Million, with an option for a cash payout of $196.5 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 Fri Sep 19, 2025 |
|---|
| Draw Date | Fri Sep 19, 2025 | | Projected Jackpot | $423,000,000 | | Cash Value | $196,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $196,500,000 | | Federal Tax(24%) | $47,160,000 | | Additional Federal Tax | $25,505,330 | | State Tax(4.95%) | $9,726,750 | | Net Lumpsum Payment | $114,107,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,366,573 |
$2,315,962
$315,145 |
$3,735,466 |
| 2 |
$6,685,092 |
$2,433,814
$330,912 |
$3,920,366 |
| 3 |
$7,019,262 |
$2,557,457
$347,453 |
$4,114,352 |
| 4 |
$7,370,352 |
$2,687,361
$364,832 |
$4,318,159 |
| 5 |
$7,738,785 |
$2,823,681
$383,070 |
$4,532,034 |
| 6 |
$8,125,830 |
$2,966,887
$402,229 |
$4,756,714 |
| 7 |
$8,531,910 |
$3,117,137
$422,330 |
$4,992,443 |
| 8 |
$8,958,717 |
$3,275,056
$443,456 |
$5,240,205 |
| 9 |
$9,406,674 |
$3,440,800
$465,630 |
$5,500,244 |
| 10 |
$9,877,050 |
$3,614,839
$488,914 |
$5,773,297 |
| 11 |
$10,370,691 |
$3,797,486
$513,349 |
$6,059,856 |
| 12 |
$10,889,289 |
$3,989,367
$539,020 |
$6,360,902 |
| 13 |
$11,433,690 |
$4,190,796
$565,968 |
$6,676,926 |
| 14 |
$12,005,586 |
$4,402,397
$594,277 |
$7,008,912 |
| 15 |
$12,605,823 |
$4,624,485
$623,988 |
$7,357,350 |
| 16 |
$13,236,093 |
$4,857,685
$655,187 |
$7,723,221 |
| 17 |
$13,897,665 |
$5,102,466
$687,934 |
$8,107,265 |
| 18 |
$14,592,654 |
$5,359,612
$722,336 |
$8,510,706 |
| 19 |
$15,322,329 |
$5,629,592
$758,455 |
$8,934,282 |
| 20 |
$16,088,382 |
$5,913,032
$796,375 |
$9,378,975 |
| 21 |
$16,892,928 |
$6,210,714
$836,200 |
$9,846,014 |
| 22 |
$17,737,659 |
$6,523,264
$878,014 |
$10,336,381 |
| 23 |
$18,624,267 |
$6,851,309
$921,901 |
$10,851,057 |
| 24 |
$19,555,713 |
$7,195,944
$968,008 |
$11,391,761 |
| 25 |
$20,533,266 |
$7,557,639
$1,016,397 |
$11,959,230 |
| 26 |
$21,560,310 |
$7,937,645
$1,067,235 |
$12,555,430 |
| 27 |
$22,638,114 |
$8,336,433
$1,120,587 |
$13,181,094 |
| 28 |
$23,770,062 |
$8,755,253
$1,176,618 |
$13,838,191 |
| 29 |
$24,958,692 |
$9,195,046
$1,235,455 |
$14,528,191 |
| 30 |
$26,206,542 |
$9,656,751
$1,297,224 |
$15,252,567 |
|
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