The jackpot for the MEGA Millions draw on Tue Oct 13, 2026, is projected to be $385 Million, with an option for a cash payout of $154.8 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 Oct 13, 2026 |
|---|
| Draw Date | Tue Oct 13, 2026 | | Projected Jackpot | $385,000,000 | | Cash Value | $154,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $154,800,000 | | Federal Tax(24%) | $37,152,000 | | Additional Federal Tax | $20,084,330 | | State Tax(4.95%) | $7,662,600 | | Net Lumpsum Payment | $89,901,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,794,635 |
$2,104,345
$286,834 |
$3,403,456 |
| 2 |
$6,084,540 |
$2,211,610
$301,185 |
$3,571,745 |
| 3 |
$6,388,690 |
$2,324,146
$316,240 |
$3,748,304 |
| 4 |
$6,708,240 |
$2,442,379
$332,058 |
$3,933,803 |
| 5 |
$7,043,575 |
$2,566,453
$348,657 |
$4,128,465 |
| 6 |
$7,395,850 |
$2,696,795
$366,095 |
$4,332,960 |
| 7 |
$7,765,450 |
$2,833,547
$384,390 |
$4,547,513 |
| 8 |
$8,153,915 |
$2,977,279
$403,619 |
$4,773,017 |
| 9 |
$8,561,630 |
$3,128,133
$423,801 |
$5,009,696 |
| 10 |
$8,989,750 |
$3,286,538
$444,993 |
$5,258,219 |
| 11 |
$9,439,045 |
$3,452,777
$467,233 |
$5,519,035 |
| 12 |
$9,911,055 |
$3,627,421
$490,597 |
$5,793,037 |
| 13 |
$10,406,550 |
$3,810,754
$515,124 |
$6,080,672 |
| 14 |
$10,927,070 |
$4,003,346
$540,890 |
$6,382,834 |
| 15 |
$11,473,385 |
$4,205,483
$567,933 |
$6,699,969 |
| 16 |
$12,047,035 |
$4,417,733
$596,328 |
$7,032,974 |
| 17 |
$12,649,175 |
$4,640,525
$626,134 |
$7,382,516 |
| 18 |
$13,281,730 |
$4,874,570
$657,446 |
$7,749,714 |
| 19 |
$13,945,855 |
$5,120,297
$690,320 |
$8,135,238 |
| 20 |
$14,643,090 |
$5,378,274
$724,833 |
$8,539,983 |
| 21 |
$15,375,360 |
$5,649,214
$761,080 |
$8,965,066 |
| 22 |
$16,144,205 |
$5,933,686
$799,138 |
$9,411,381 |
| 23 |
$16,951,165 |
$6,232,261
$839,083 |
$9,879,821 |
| 24 |
$17,798,935 |
$6,545,936
$881,047 |
$10,371,952 |
| 25 |
$18,688,670 |
$6,875,138
$925,089 |
$10,888,443 |
| 26 |
$19,623,450 |
$7,221,007
$971,361 |
$11,431,082 |
| 27 |
$20,604,430 |
$7,583,969
$1,019,919 |
$12,000,542 |
| 28 |
$21,634,690 |
$7,965,166
$1,070,917 |
$12,598,607 |
| 29 |
$22,716,540 |
$8,365,450
$1,124,469 |
$13,226,621 |
| 30 |
$23,852,290 |
$8,785,678
$1,180,688 |
$13,885,924 |
|
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