The jackpot for the MEGA Millions draw on Tue Jun 10, 2025, is projected to be $243 Million, with an option for a cash payout of $108 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 Jun 10, 2025 |
|---|
| Draw Date | Tue Jun 10, 2025 | | Projected Jackpot | $243,000,000 | | Cash Value | $108,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $108,000,000 | | Federal Tax(24%) | $25,920,000 | | Additional Federal Tax | $14,000,330 | | State Tax(4.95%) | $5,346,000 | | Net Lumpsum Payment | $62,733,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,657,393 |
$1,313,566
$181,041 |
$2,162,786 |
| 2 |
$3,840,372 |
$1,381,268
$190,098 |
$2,269,006 |
| 3 |
$4,032,342 |
$1,452,297
$199,601 |
$2,380,444 |
| 4 |
$4,234,032 |
$1,526,922
$209,585 |
$2,497,525 |
| 5 |
$4,445,685 |
$1,605,234
$220,061 |
$2,620,390 |
| 6 |
$4,668,030 |
$1,687,501
$231,067 |
$2,749,462 |
| 7 |
$4,901,310 |
$1,773,815
$242,615 |
$2,884,880 |
| 8 |
$5,146,497 |
$1,864,534
$254,752 |
$3,027,211 |
| 9 |
$5,403,834 |
$1,959,749
$267,490 |
$3,176,595 |
| 10 |
$5,674,050 |
$2,059,729
$280,865 |
$3,333,456 |
| 11 |
$5,957,631 |
$2,164,654
$294,903 |
$3,498,074 |
| 12 |
$6,255,549 |
$2,274,884
$309,650 |
$3,671,015 |
| 13 |
$6,568,290 |
$2,390,598
$325,130 |
$3,852,562 |
| 14 |
$6,896,826 |
$2,512,156
$341,393 |
$4,043,277 |
| 15 |
$7,241,643 |
$2,639,738
$358,461 |
$4,243,444 |
| 16 |
$7,603,713 |
$2,773,704
$376,384 |
$4,453,625 |
| 17 |
$7,983,765 |
$2,914,323
$395,196 |
$4,674,246 |
| 18 |
$8,383,014 |
$3,062,046
$414,959 |
$4,906,009 |
| 19 |
$8,802,189 |
$3,217,140
$435,708 |
$5,149,341 |
| 20 |
$9,242,262 |
$3,379,967
$457,492 |
$5,404,803 |
| 21 |
$9,704,448 |
$3,550,976
$480,370 |
$5,673,102 |
| 22 |
$10,189,719 |
$3,730,526
$504,391 |
$5,954,802 |
| 23 |
$10,699,047 |
$3,918,978
$529,603 |
$6,250,466 |
| 24 |
$11,234,133 |
$4,116,960
$556,090 |
$6,561,083 |
| 25 |
$11,795,706 |
$4,324,742
$583,887 |
$6,887,077 |
| 26 |
$12,385,710 |
$4,543,043
$613,093 |
$7,229,574 |
| 27 |
$13,004,874 |
$4,772,134
$643,741 |
$7,588,999 |
| 28 |
$13,655,142 |
$5,012,733
$675,930 |
$7,966,479 |
| 29 |
$14,337,972 |
$5,265,380
$709,730 |
$8,362,862 |
| 30 |
$15,054,822 |
$5,530,615
$745,214 |
$8,778,993 |
|
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