The jackpot for the MEGA Millions draw on Fri Nov 7, 2025, is projected to be $843 Million, with an option for a cash payout of $391.7 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 Fri Nov 7, 2025 |
|---|
| Draw Date | Fri Nov 7, 2025 | | Projected Jackpot | $843,000,000 | | Cash Value | $391,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $391,700,000 | | Federal Tax(24%) | $94,008,000 | | Additional Federal Tax | $50,881,330 | | State Tax(4.95%) | $19,389,150 | | Net Lumpsum Payment | $227,421,520 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$12,687,993 |
$4,654,888
$628,056 |
$7,405,049 |
| 2 |
$13,322,772 |
$4,889,756
$659,477 |
$7,773,539 |
| 3 |
$13,988,742 |
$5,136,165
$692,443 |
$8,160,134 |
| 4 |
$14,688,432 |
$5,395,050
$727,077 |
$8,566,305 |
| 5 |
$15,422,685 |
$5,666,724
$763,423 |
$8,992,538 |
| 6 |
$16,194,030 |
$5,952,121
$801,604 |
$9,440,305 |
| 7 |
$17,003,310 |
$6,251,555
$841,664 |
$9,910,091 |
| 8 |
$17,853,897 |
$6,566,272
$883,768 |
$10,403,857 |
| 9 |
$18,746,634 |
$6,896,585
$927,958 |
$10,922,091 |
| 10 |
$19,684,050 |
$7,243,429
$974,360 |
$11,466,261 |
| 11 |
$20,667,831 |
$7,607,428
$1,023,058 |
$12,037,345 |
| 12 |
$21,701,349 |
$7,989,830
$1,074,217 |
$12,637,302 |
| 13 |
$22,786,290 |
$8,391,258
$1,127,921 |
$13,267,111 |
| 14 |
$23,926,026 |
$8,812,960
$1,184,338 |
$13,928,728 |
| 15 |
$25,122,243 |
$9,255,560
$1,243,551 |
$14,623,132 |
| 16 |
$26,378,313 |
$9,720,306
$1,305,726 |
$15,352,281 |
| 17 |
$27,696,765 |
$10,208,133
$1,370,990 |
$16,117,642 |
| 18 |
$29,081,814 |
$10,720,602
$1,439,550 |
$16,921,662 |
| 19 |
$30,535,989 |
$11,258,646
$1,511,531 |
$17,765,812 |
| 20 |
$32,062,662 |
$11,823,515
$1,587,102 |
$18,652,045 |
| 21 |
$33,666,048 |
$12,416,768
$1,666,469 |
$19,582,811 |
| 22 |
$35,349,519 |
$13,039,652
$1,749,801 |
$20,560,066 |
| 23 |
$37,116,447 |
$13,693,416
$1,837,264 |
$21,585,767 |
| 24 |
$38,972,733 |
$14,380,242
$1,929,150 |
$22,663,341 |
| 25 |
$40,920,906 |
$15,101,066
$2,025,585 |
$23,794,255 |
| 26 |
$42,967,710 |
$15,858,383
$2,126,902 |
$24,982,425 |
| 27 |
$45,115,674 |
$16,653,130
$2,233,226 |
$26,229,318 |
| 28 |
$47,371,542 |
$17,487,801
$2,344,891 |
$27,538,850 |
| 29 |
$49,740,372 |
$18,364,268
$2,462,148 |
$28,913,956 |
| 30 |
$52,227,222 |
$19,284,403
$2,585,247 |
$30,357,572 |
|
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