The jackpot for the MEGA Millions draw on Fri Nov 6, 2026, is projected to be $505 Million, with an option for a cash payout of $213.3 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 6, 2026 |
|---|
| Draw Date | Fri Nov 6, 2026 | | Projected Jackpot | $505,000,000 | | Cash Value | $213,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $213,300,000 | | Federal Tax(24%) | $51,192,000 | | Additional Federal Tax | $27,689,330 | | State Tax(4.95%) | $10,558,350 | | Net Lumpsum Payment | $123,860,320 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,600,755 |
$2,772,610
$376,237 |
$4,451,908 |
| 2 |
$7,981,020 |
$2,913,308
$395,060 |
$4,672,652 |
| 3 |
$8,379,970 |
$3,060,919
$414,809 |
$4,904,242 |
| 4 |
$8,799,120 |
$3,216,005
$435,556 |
$5,147,559 |
| 5 |
$9,238,975 |
$3,378,751
$457,329 |
$5,402,895 |
| 6 |
$9,701,050 |
$3,549,719
$480,202 |
$5,671,129 |
| 7 |
$10,185,850 |
$3,729,095
$504,200 |
$5,952,555 |
| 8 |
$10,695,395 |
$3,917,627
$529,422 |
$6,248,346 |
| 9 |
$11,230,190 |
$4,115,501
$555,894 |
$6,558,795 |
| 10 |
$11,791,750 |
$4,323,278
$583,692 |
$6,884,780 |
| 11 |
$12,381,085 |
$4,541,332
$612,864 |
$7,226,889 |
| 12 |
$13,000,215 |
$4,770,410
$643,511 |
$7,586,294 |
| 13 |
$13,650,150 |
$5,010,886
$675,682 |
$7,963,582 |
| 14 |
$14,332,910 |
$5,263,507
$709,479 |
$8,359,924 |
| 15 |
$15,049,505 |
$5,528,647
$744,950 |
$8,775,908 |
| 16 |
$15,801,955 |
$5,807,054
$782,197 |
$9,212,704 |
| 17 |
$16,591,775 |
$6,099,287
$821,293 |
$9,671,195 |
| 18 |
$17,421,490 |
$6,406,282
$862,364 |
$10,152,844 |
| 19 |
$18,292,615 |
$6,728,598
$905,484 |
$10,658,533 |
| 20 |
$19,207,170 |
$7,066,983
$950,755 |
$11,189,432 |
| 21 |
$20,167,680 |
$7,422,372
$998,300 |
$11,747,008 |
| 22 |
$21,176,165 |
$7,795,511
$1,048,220 |
$12,332,434 |
| 23 |
$22,234,645 |
$8,187,149
$1,100,615 |
$12,946,881 |
| 24 |
$23,346,655 |
$8,598,593
$1,155,659 |
$13,592,403 |
| 25 |
$24,513,710 |
$9,030,403
$1,213,429 |
$14,269,878 |
| 26 |
$25,739,850 |
$9,484,075
$1,274,123 |
$14,981,652 |
| 27 |
$27,026,590 |
$9,960,169
$1,337,816 |
$15,728,605 |
| 28 |
$28,377,970 |
$10,460,179
$1,404,710 |
$16,513,081 |
| 29 |
$29,797,020 |
$10,985,228
$1,474,952 |
$17,336,840 |
| 30 |
$31,286,770 |
$11,536,435
$1,548,695 |
$18,201,640 |
|
|
