The jackpot for the MEGA Millions draw on Tue May 26, 2026, is projected to be $311 Million, with an option for a cash payout of $136.4 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 May 26, 2026 |
|---|
| Draw Date | Tue May 26, 2026 | | Projected Jackpot | $311,000,000 | | Cash Value | $136,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $136,400,000 | | Federal Tax(24%) | $32,736,000 | | Additional Federal Tax | $17,692,330 | | State Tax(4.95%) | $6,751,800 | | Net Lumpsum Payment | $79,219,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,680,861 |
$1,692,249
$231,703 |
$2,756,909 |
| 2 |
$4,915,044 |
$1,778,897
$243,295 |
$2,892,852 |
| 3 |
$5,160,734 |
$1,869,802
$255,456 |
$3,035,476 |
| 4 |
$5,418,864 |
$1,965,310
$268,234 |
$3,185,320 |
| 5 |
$5,689,745 |
$2,065,536
$281,642 |
$3,342,567 |
| 6 |
$5,974,310 |
$2,170,825
$295,728 |
$3,507,757 |
| 7 |
$6,272,870 |
$2,281,292
$310,507 |
$3,681,071 |
| 8 |
$6,586,669 |
$2,397,398
$326,040 |
$3,863,231 |
| 9 |
$6,916,018 |
$2,519,257
$342,343 |
$4,054,418 |
| 10 |
$7,261,850 |
$2,647,215
$359,462 |
$4,255,173 |
| 11 |
$7,624,787 |
$2,781,502
$377,427 |
$4,465,858 |
| 12 |
$8,006,073 |
$2,922,577
$396,301 |
$4,687,195 |
| 13 |
$8,406,330 |
$3,070,672
$416,113 |
$4,919,545 |
| 14 |
$8,826,802 |
$3,226,247
$436,927 |
$5,163,628 |
| 15 |
$9,268,111 |
$3,389,531
$458,771 |
$5,419,809 |
| 16 |
$9,731,501 |
$3,560,986
$481,709 |
$5,688,806 |
| 17 |
$10,217,905 |
$3,740,955
$505,786 |
$5,971,164 |
| 18 |
$10,728,878 |
$3,930,015
$531,079 |
$6,267,784 |
| 19 |
$11,265,353 |
$4,128,511
$557,635 |
$6,579,207 |
| 20 |
$11,828,574 |
$4,336,903
$585,514 |
$6,906,157 |
| 21 |
$12,420,096 |
$4,555,766
$614,795 |
$7,249,535 |
| 22 |
$13,041,163 |
$4,785,561
$645,538 |
$7,610,064 |
| 23 |
$13,693,019 |
$5,026,747
$677,804 |
$7,988,468 |
| 24 |
$14,377,841 |
$5,280,132
$711,703 |
$8,386,006 |
| 25 |
$15,096,562 |
$5,546,058
$747,280 |
$8,803,224 |
| 26 |
$15,851,670 |
$5,825,448
$784,658 |
$9,241,564 |
| 27 |
$16,644,098 |
$6,118,647
$823,883 |
$9,701,568 |
| 28 |
$17,476,334 |
$6,426,574
$865,079 |
$10,184,681 |
| 29 |
$18,350,244 |
$6,749,921
$908,337 |
$10,691,986 |
| 30 |
$19,267,694 |
$7,089,377
$953,751 |
$11,224,566 |
|
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