The jackpot for the MEGA Millions draw on Tue Oct 7, 2025, is projected to be $547 Million, with an option for a cash payout of $251.7 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 Oct 7, 2025 |
|---|
| Draw Date | Tue Oct 7, 2025 | | Projected Jackpot | $547,000,000 | | Cash Value | $251,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $251,700,000 | | Federal Tax(24%) | $60,408,000 | | Additional Federal Tax | $32,681,330 | | State Tax(4.95%) | $12,459,150 | | Net Lumpsum Payment | $146,151,520 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,232,897 |
$3,006,502
$407,528 |
$4,818,867 |
| 2 |
$8,644,788 |
$3,158,902
$427,917 |
$5,057,969 |
| 3 |
$9,076,918 |
$3,318,790
$449,307 |
$5,308,821 |
| 4 |
$9,530,928 |
$3,486,774
$471,781 |
$5,572,373 |
| 5 |
$10,007,365 |
$3,663,055
$495,365 |
$5,848,945 |
| 6 |
$10,507,870 |
$3,848,242
$520,140 |
$6,139,488 |
| 7 |
$11,032,990 |
$4,042,537
$546,133 |
$6,444,320 |
| 8 |
$11,584,913 |
$4,246,748
$573,453 |
$6,764,712 |
| 9 |
$12,164,186 |
$4,461,079
$602,127 |
$7,100,980 |
| 10 |
$12,772,450 |
$4,686,137
$632,236 |
$7,454,077 |
| 11 |
$13,410,799 |
$4,922,326
$663,835 |
$7,824,638 |
| 12 |
$14,081,421 |
$5,170,456
$697,030 |
$8,213,935 |
| 13 |
$14,785,410 |
$5,430,932
$731,878 |
$8,622,600 |
| 14 |
$15,524,954 |
$5,704,563
$768,485 |
$9,051,906 |
| 15 |
$16,301,147 |
$5,991,755
$806,907 |
$9,502,485 |
| 16 |
$17,116,177 |
$6,293,316
$847,251 |
$9,975,610 |
| 17 |
$17,971,685 |
$6,609,854
$889,598 |
$10,472,233 |
| 18 |
$18,870,406 |
$6,942,381
$934,085 |
$10,993,940 |
| 19 |
$19,813,981 |
$7,291,503
$980,792 |
$11,541,686 |
| 20 |
$20,804,598 |
$7,658,032
$1,029,828 |
$12,116,738 |
| 21 |
$21,844,992 |
$8,042,977
$1,081,327 |
$12,720,688 |
| 22 |
$22,937,351 |
$8,447,150
$1,135,399 |
$13,354,802 |
| 23 |
$24,083,863 |
$8,871,360
$1,192,151 |
$14,020,352 |
| 24 |
$25,288,357 |
$9,317,022
$1,251,774 |
$14,719,561 |
| 25 |
$26,552,474 |
$9,784,746
$1,314,347 |
$15,453,381 |
| 26 |
$27,880,590 |
$10,276,149
$1,380,089 |
$16,224,352 |
| 27 |
$29,274,346 |
$10,791,838
$1,449,080 |
$17,033,428 |
| 28 |
$30,738,118 |
$11,333,434
$1,521,537 |
$17,883,147 |
| 29 |
$32,275,188 |
$11,902,150
$1,597,622 |
$18,775,416 |
| 30 |
$33,888,838 |
$12,499,200
$1,677,497 |
$19,712,141 |
|
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