The jackpot for the MEGA Millions draw on Fri Oct 10, 2025, is projected to be $575 Million, with an option for a cash payout of $264.6 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 Oct 10, 2025 |
|---|
| Draw Date | Fri Oct 10, 2025 | | Projected Jackpot | $575,000,000 | | Cash Value | $264,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $264,600,000 | | Federal Tax(24%) | $63,504,000 | | Additional Federal Tax | $34,358,330 | | State Tax(4.95%) | $13,097,700 | | Net Lumpsum Payment | $153,639,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,654,325 |
$3,162,431
$428,389 |
$5,063,505 |
| 2 |
$9,087,300 |
$3,322,631
$449,821 |
$5,314,848 |
| 3 |
$9,541,550 |
$3,490,704
$472,307 |
$5,578,539 |
| 4 |
$10,018,800 |
$3,667,286
$495,931 |
$5,855,583 |
| 5 |
$10,519,625 |
$3,852,592
$520,721 |
$6,146,312 |
| 6 |
$11,045,750 |
$4,047,258
$546,765 |
$6,451,727 |
| 7 |
$11,597,750 |
$4,251,498
$574,089 |
$6,772,163 |
| 8 |
$12,177,925 |
$4,466,163
$602,807 |
$7,108,955 |
| 9 |
$12,786,850 |
$4,691,465
$632,949 |
$7,462,436 |
| 10 |
$13,426,250 |
$4,928,043
$664,599 |
$7,833,608 |
| 11 |
$14,097,275 |
$5,176,322
$697,815 |
$8,223,138 |
| 12 |
$14,802,225 |
$5,437,154
$732,710 |
$8,632,361 |
| 13 |
$15,542,250 |
$5,710,963
$769,341 |
$9,061,946 |
| 14 |
$16,319,650 |
$5,998,601
$807,823 |
$9,513,226 |
| 15 |
$17,135,575 |
$6,300,493
$848,211 |
$9,986,871 |
| 16 |
$17,992,325 |
$6,617,491
$890,620 |
$10,484,214 |
| 17 |
$18,891,625 |
$6,950,232
$935,135 |
$11,006,258 |
| 18 |
$19,836,350 |
$7,299,780
$981,899 |
$11,554,671 |
| 19 |
$20,828,225 |
$7,666,774
$1,030,997 |
$12,130,454 |
| 20 |
$21,869,550 |
$8,052,064
$1,082,543 |
$12,734,943 |
| 21 |
$22,963,200 |
$8,456,714
$1,136,678 |
$13,369,808 |
| 22 |
$24,111,475 |
$8,881,576
$1,193,518 |
$14,036,381 |
| 23 |
$25,316,675 |
$9,327,500
$1,253,175 |
$14,736,000 |
| 24 |
$26,582,825 |
$9,795,976
$1,315,850 |
$15,470,999 |
| 25 |
$27,911,650 |
$10,287,641
$1,381,627 |
$16,242,382 |
| 26 |
$29,307,750 |
$10,804,198
$1,450,734 |
$17,052,818 |
| 27 |
$30,772,850 |
$11,346,285
$1,523,256 |
$17,903,309 |
| 28 |
$32,311,550 |
$11,915,604
$1,599,422 |
$18,796,524 |
| 29 |
$33,927,300 |
$12,513,431
$1,679,401 |
$19,734,468 |
| 30 |
$35,623,550 |
$13,141,044
$1,763,366 |
$20,719,140 |
|
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