The jackpot for the MEGA Millions draw on Fri Jun 27, 2025, is projected to be $348 Million, with an option for a cash payout of $155.5 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 Jun 27, 2025 |
|---|
| Draw Date | Fri Jun 27, 2025 | | Projected Jackpot | $348,000,000 | | Cash Value | $155,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $155,500,000 | | Federal Tax(24%) | $37,320,000 | | Additional Federal Tax | $20,175,330 | | State Tax(4.95%) | $7,697,250 | | Net Lumpsum Payment | $90,307,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,237,748 |
$1,898,297
$259,269 |
$3,080,182 |
| 2 |
$5,499,792 |
$1,995,253
$272,240 |
$3,232,299 |
| 3 |
$5,774,712 |
$2,096,974
$285,848 |
$3,391,890 |
| 4 |
$6,063,552 |
$2,203,845
$300,146 |
$3,559,561 |
| 5 |
$6,366,660 |
$2,315,995
$315,150 |
$3,735,515 |
| 6 |
$6,685,080 |
$2,433,810
$330,911 |
$3,920,359 |
| 7 |
$7,019,160 |
$2,557,420
$347,448 |
$4,114,292 |
| 8 |
$7,370,292 |
$2,687,338
$364,829 |
$4,318,125 |
| 9 |
$7,738,824 |
$2,823,695
$383,072 |
$4,532,057 |
| 10 |
$8,125,800 |
$2,966,876
$402,227 |
$4,756,697 |
| 11 |
$8,531,916 |
$3,117,139
$422,330 |
$4,992,447 |
| 12 |
$8,958,564 |
$3,274,999
$443,449 |
$5,240,116 |
| 13 |
$9,406,440 |
$3,440,713
$465,619 |
$5,500,108 |
| 14 |
$9,876,936 |
$3,614,797
$488,908 |
$5,773,231 |
| 15 |
$10,370,748 |
$3,797,507
$513,352 |
$6,059,889 |
| 16 |
$10,889,268 |
$3,989,360
$539,019 |
$6,360,889 |
| 17 |
$11,433,540 |
$4,190,740
$565,960 |
$6,676,840 |
| 18 |
$12,005,304 |
$4,402,293
$594,263 |
$7,008,748 |
| 19 |
$12,605,604 |
$4,624,404
$623,977 |
$7,357,223 |
| 20 |
$13,235,832 |
$4,857,588
$655,174 |
$7,723,070 |
| 21 |
$13,897,728 |
$5,102,490
$687,938 |
$8,107,300 |
| 22 |
$14,592,684 |
$5,359,623
$722,338 |
$8,510,723 |
| 23 |
$15,322,092 |
$5,629,504
$758,444 |
$8,934,144 |
| 24 |
$16,088,388 |
$5,913,034
$796,375 |
$9,378,979 |
| 25 |
$16,892,616 |
$6,210,598
$836,184 |
$9,845,834 |
| 26 |
$17,737,560 |
$6,523,228
$878,009 |
$10,336,323 |
| 27 |
$18,624,264 |
$6,851,308
$921,901 |
$10,851,055 |
| 28 |
$19,555,512 |
$7,195,870
$967,998 |
$11,391,644 |
| 29 |
$20,533,392 |
$7,557,685
$1,016,403 |
$11,959,304 |
| 30 |
$21,559,992 |
$7,937,527
$1,067,220 |
$12,555,245 |
|
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