The jackpot for the MEGA Millions draw on Tue Mar 10, 2026, is projected to be $533 Million, with an option for a cash payout of $244.2 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 Mar 10, 2026 |
|---|
| Draw Date | Tue Mar 10, 2026 | | Projected Jackpot | $533,000,000 | | Cash Value | $244,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $244,200,000 | | Federal Tax(24%) | $58,608,000 | | Additional Federal Tax | $31,706,330 | | State Tax(4.95%) | $12,087,900 | | Net Lumpsum Payment | $141,797,770 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,022,183 |
$2,928,538
$397,098 |
$4,696,547 |
| 2 |
$8,423,532 |
$3,077,037
$416,965 |
$4,929,530 |
| 3 |
$8,844,602 |
$3,232,833
$437,808 |
$5,173,961 |
| 4 |
$9,286,992 |
$3,396,517
$459,706 |
$5,430,769 |
| 5 |
$9,751,235 |
$3,568,287
$482,686 |
$5,700,262 |
| 6 |
$10,238,930 |
$3,748,734
$506,827 |
$5,983,369 |
| 7 |
$10,750,610 |
$3,938,056
$532,155 |
$6,280,399 |
| 8 |
$11,288,407 |
$4,137,041
$558,776 |
$6,592,590 |
| 9 |
$11,852,854 |
$4,345,886
$586,716 |
$6,920,252 |
| 10 |
$12,445,550 |
$4,565,184
$616,055 |
$7,264,311 |
| 11 |
$13,067,561 |
$4,795,328
$646,844 |
$7,625,389 |
| 12 |
$13,721,019 |
$5,037,107
$679,190 |
$8,004,722 |
| 13 |
$14,406,990 |
$5,290,917
$713,146 |
$8,402,927 |
| 14 |
$15,127,606 |
$5,557,545
$748,816 |
$8,821,245 |
| 15 |
$15,883,933 |
$5,837,386
$786,255 |
$9,260,292 |
| 16 |
$16,678,103 |
$6,131,228
$825,566 |
$9,721,309 |
| 17 |
$17,511,715 |
$6,439,665
$866,830 |
$10,205,220 |
| 18 |
$18,387,434 |
$6,763,681
$910,178 |
$10,713,575 |
| 19 |
$19,306,859 |
$7,103,868
$955,690 |
$11,247,301 |
| 20 |
$20,272,122 |
$7,461,016
$1,003,470 |
$11,807,636 |
| 21 |
$21,285,888 |
$7,836,109
$1,053,651 |
$12,396,128 |
| 22 |
$22,350,289 |
$8,229,937
$1,106,339 |
$13,014,013 |
| 23 |
$23,467,457 |
$8,643,289
$1,161,639 |
$13,662,529 |
| 24 |
$24,641,123 |
$9,077,546
$1,219,736 |
$14,343,841 |
| 25 |
$25,872,886 |
$9,533,298
$1,280,708 |
$15,058,880 |
| 26 |
$27,167,010 |
$10,012,124
$1,344,767 |
$15,810,119 |
| 27 |
$28,525,094 |
$10,514,615
$1,411,992 |
$16,598,487 |
| 28 |
$29,951,402 |
$11,042,349
$1,482,594 |
$17,426,459 |
| 29 |
$31,449,132 |
$11,596,509
$1,556,732 |
$18,295,891 |
| 30 |
$33,021,482 |
$12,178,279
$1,634,563 |
$19,208,640 |
|
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