The jackpot for the MEGA Millions draw on Fri Sep 4, 2026, is projected to be $177 Million, with an option for a cash payout of $76.3 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 Sep 4, 2026 |
|---|
| Draw Date | Fri Sep 4, 2026 | | Projected Jackpot | $177,000,000 | | Cash Value | $76,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $76,300,000 | | Federal Tax(24%) | $18,312,000 | | Additional Federal Tax | $9,879,330 | | State Tax(4.95%) | $3,776,850 | | Net Lumpsum Payment | $44,331,820 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,664,027 |
$946,020
$131,869 |
$1,586,138 |
| 2 |
$2,797,308 |
$995,334
$138,467 |
$1,663,507 |
| 3 |
$2,937,138 |
$1,047,071
$145,388 |
$1,744,679 |
| 4 |
$3,084,048 |
$1,101,428
$152,660 |
$1,829,960 |
| 5 |
$3,238,215 |
$1,158,470
$160,292 |
$1,919,453 |
| 6 |
$3,400,170 |
$1,218,393
$168,308 |
$2,013,469 |
| 7 |
$3,570,090 |
$1,281,264
$176,719 |
$2,112,107 |
| 8 |
$3,748,683 |
$1,347,343
$185,560 |
$2,215,780 |
| 9 |
$3,936,126 |
$1,416,697
$194,838 |
$2,324,591 |
| 10 |
$4,132,950 |
$1,489,522
$204,581 |
$2,438,847 |
| 11 |
$4,339,509 |
$1,565,949
$214,806 |
$2,558,754 |
| 12 |
$4,556,511 |
$1,646,239
$225,547 |
$2,684,725 |
| 13 |
$4,784,310 |
$1,730,525
$236,823 |
$2,816,962 |
| 14 |
$5,023,614 |
$1,819,068
$248,669 |
$2,955,877 |
| 15 |
$5,274,777 |
$1,911,998
$261,101 |
$3,101,678 |
| 16 |
$5,538,507 |
$2,009,578
$274,156 |
$3,254,773 |
| 17 |
$5,815,335 |
$2,112,004
$287,859 |
$3,415,472 |
| 18 |
$6,106,146 |
$2,219,604
$302,254 |
$3,584,288 |
| 19 |
$6,411,471 |
$2,332,575
$317,368 |
$3,761,528 |
| 20 |
$6,732,018 |
$2,451,177
$333,235 |
$3,947,606 |
| 21 |
$7,068,672 |
$2,575,739
$349,899 |
$4,143,034 |
| 22 |
$7,422,141 |
$2,706,523
$367,396 |
$4,348,222 |
| 23 |
$7,793,133 |
$2,843,790
$385,760 |
$4,563,583 |
| 24 |
$8,182,887 |
$2,987,999
$405,053 |
$4,789,835 |
| 25 |
$8,591,934 |
$3,139,346
$425,301 |
$5,027,287 |
| 26 |
$9,021,690 |
$3,298,356
$446,574 |
$5,276,760 |
| 27 |
$9,472,686 |
$3,465,224
$468,898 |
$5,538,564 |
| 28 |
$9,946,338 |
$3,640,475
$492,344 |
$5,813,519 |
| 29 |
$10,443,708 |
$3,824,502
$516,964 |
$6,102,242 |
| 30 |
$10,965,858 |
$4,017,698
$542,810 |
$6,405,350 |
|
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