The jackpot for the MEGA Millions draw on Tue Aug 5, 2025, is projected to be $150 Million, with an option for a cash payout of $67.9 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 Aug 5, 2025 |
|---|
| Draw Date | Tue Aug 5, 2025 | | Projected Jackpot | $150,000,000 | | Cash Value | $67,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $67,900,000 | | Federal Tax(24%) | $16,296,000 | | Additional Federal Tax | $8,787,330 | | State Tax(4.95%) | $3,361,050 | | Net Lumpsum Payment | $39,455,620 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,257,650 |
$795,661
$111,754 |
$1,350,235 |
| 2 |
$2,370,600 |
$837,452
$117,345 |
$1,415,803 |
| 3 |
$2,489,100 |
$881,297
$123,210 |
$1,484,593 |
| 4 |
$2,613,600 |
$927,362
$129,373 |
$1,556,865 |
| 5 |
$2,744,250 |
$975,703
$135,840 |
$1,632,707 |
| 6 |
$2,881,500 |
$1,026,485
$142,634 |
$1,712,381 |
| 7 |
$3,025,500 |
$1,079,765
$149,762 |
$1,795,973 |
| 8 |
$3,176,850 |
$1,135,765
$157,254 |
$1,883,831 |
| 9 |
$3,335,700 |
$1,194,539
$165,117 |
$1,976,044 |
| 10 |
$3,502,500 |
$1,256,255
$173,374 |
$2,072,871 |
| 11 |
$3,677,550 |
$1,321,024
$182,039 |
$2,174,487 |
| 12 |
$3,861,450 |
$1,389,067
$191,142 |
$2,281,241 |
| 13 |
$4,054,500 |
$1,460,495
$200,698 |
$2,393,307 |
| 14 |
$4,257,300 |
$1,535,531
$210,736 |
$2,511,033 |
| 15 |
$4,470,150 |
$1,614,286
$221,272 |
$2,634,592 |
| 16 |
$4,693,650 |
$1,696,981
$232,336 |
$2,764,333 |
| 17 |
$4,928,250 |
$1,783,783
$243,948 |
$2,900,519 |
| 18 |
$5,174,700 |
$1,874,969
$256,148 |
$3,043,583 |
| 19 |
$5,433,450 |
$1,970,707
$268,956 |
$3,193,787 |
| 20 |
$5,705,100 |
$2,071,217
$282,402 |
$3,351,481 |
| 21 |
$5,990,400 |
$2,176,778
$296,525 |
$3,517,097 |
| 22 |
$6,289,950 |
$2,287,612
$311,353 |
$3,690,985 |
| 23 |
$6,604,350 |
$2,403,940
$326,915 |
$3,873,495 |
| 24 |
$6,934,650 |
$2,526,151
$343,265 |
$4,065,234 |
| 25 |
$7,281,300 |
$2,654,411
$360,424 |
$4,266,465 |
| 26 |
$7,645,500 |
$2,789,165
$378,452 |
$4,477,883 |
| 27 |
$8,027,700 |
$2,930,579
$397,371 |
$4,699,750 |
| 28 |
$8,429,100 |
$3,079,097
$417,240 |
$4,932,763 |
| 29 |
$8,850,600 |
$3,235,052
$438,105 |
$5,177,443 |
| 30 |
$9,293,100 |
$3,398,777
$460,008 |
$5,434,315 |
|
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