The jackpot for the MEGA Millions draw on Tue Apr 14, 2026, is projected to be $120 Million, with an option for a cash payout of $53.5 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 Tue Apr 14, 2026 |
|---|
| Draw Date | Tue Apr 14, 2026 | | Projected Jackpot | $120,000,000 | | Cash Value | $53,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $53,500,000 | | Federal Tax(24%) | $12,840,000 | | Additional Federal Tax | $6,915,330 | | State Tax(4.95%) | $2,648,250 | | Net Lumpsum Payment | $31,096,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,806,120 |
$628,595
$89,403 |
$1,088,122 |
| 2 |
$1,896,480 |
$662,028
$93,876 |
$1,140,576 |
| 3 |
$1,991,280 |
$697,104
$98,568 |
$1,195,608 |
| 4 |
$2,090,880 |
$733,956
$103,499 |
$1,253,425 |
| 5 |
$2,195,400 |
$772,628
$108,672 |
$1,314,100 |
| 6 |
$2,305,200 |
$813,254
$114,107 |
$1,377,839 |
| 7 |
$2,420,400 |
$855,878
$119,810 |
$1,444,712 |
| 8 |
$2,541,480 |
$900,678
$125,803 |
$1,514,999 |
| 9 |
$2,668,560 |
$947,698
$132,094 |
$1,588,768 |
| 10 |
$2,802,000 |
$997,070
$138,699 |
$1,666,231 |
| 11 |
$2,942,040 |
$1,048,885
$145,631 |
$1,747,524 |
| 12 |
$3,089,160 |
$1,103,320
$152,913 |
$1,832,927 |
| 13 |
$3,243,600 |
$1,160,462
$160,558 |
$1,922,580 |
| 14 |
$3,405,840 |
$1,220,491
$168,589 |
$2,016,760 |
| 15 |
$3,576,120 |
$1,283,495
$177,018 |
$2,115,607 |
| 16 |
$3,754,920 |
$1,349,651
$185,869 |
$2,219,400 |
| 17 |
$3,942,600 |
$1,419,092
$195,159 |
$2,328,349 |
| 18 |
$4,139,760 |
$1,492,042
$204,918 |
$2,442,800 |
| 19 |
$4,346,760 |
$1,568,632
$215,165 |
$2,562,963 |
| 20 |
$4,564,080 |
$1,649,040
$225,922 |
$2,689,118 |
| 21 |
$4,792,320 |
$1,733,489
$237,220 |
$2,821,611 |
| 22 |
$5,031,960 |
$1,822,156
$249,082 |
$2,960,722 |
| 23 |
$5,283,480 |
$1,915,218
$261,532 |
$3,106,730 |
| 24 |
$5,547,720 |
$2,012,987
$274,612 |
$3,260,121 |
| 25 |
$5,825,040 |
$2,115,595
$288,339 |
$3,421,106 |
| 26 |
$6,116,400 |
$2,223,398
$302,762 |
$3,590,240 |
| 27 |
$6,422,160 |
$2,336,530
$317,897 |
$3,767,733 |
| 28 |
$6,743,280 |
$2,455,344
$333,792 |
$3,954,144 |
| 29 |
$7,080,480 |
$2,580,108
$350,484 |
$4,149,888 |
| 30 |
$7,434,480 |
$2,711,088
$368,007 |
$4,355,385 |
|
|
