The jackpot for the MEGA Millions draw on Tue Sep 1, 2026, is projected to be $160 Million, with an option for a cash payout of $68.9 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 Sep 1, 2026 |
|---|
| Draw Date | Tue Sep 1, 2026 | | Projected Jackpot | $160,000,000 | | Cash Value | $68,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $68,900,000 | | Federal Tax(24%) | $16,536,000 | | Additional Federal Tax | $8,917,330 | | State Tax(4.95%) | $3,410,550 | | Net Lumpsum Payment | $40,036,120 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,408,160 |
$851,350
$119,204 |
$1,437,606 |
| 2 |
$2,528,640 |
$895,927
$125,168 |
$1,507,545 |
| 3 |
$2,655,040 |
$942,695
$131,424 |
$1,580,921 |
| 4 |
$2,787,840 |
$991,831
$137,998 |
$1,658,011 |
| 5 |
$2,927,200 |
$1,043,394
$144,896 |
$1,738,910 |
| 6 |
$3,073,600 |
$1,097,562
$152,143 |
$1,823,895 |
| 7 |
$3,227,200 |
$1,154,394
$159,746 |
$1,913,060 |
| 8 |
$3,388,640 |
$1,214,127
$167,738 |
$2,006,775 |
| 9 |
$3,558,080 |
$1,276,820
$176,125 |
$2,105,135 |
| 10 |
$3,736,000 |
$1,342,650
$184,932 |
$2,208,418 |
| 11 |
$3,922,720 |
$1,411,737
$194,175 |
$2,316,808 |
| 12 |
$4,118,880 |
$1,484,316
$203,885 |
$2,430,679 |
| 13 |
$4,324,800 |
$1,560,506
$214,078 |
$2,550,216 |
| 14 |
$4,541,120 |
$1,640,545
$224,785 |
$2,675,790 |
| 15 |
$4,768,160 |
$1,724,550
$236,024 |
$2,807,586 |
| 16 |
$5,006,560 |
$1,812,758
$247,825 |
$2,945,977 |
| 17 |
$5,256,800 |
$1,905,346
$260,212 |
$3,091,242 |
| 18 |
$5,519,680 |
$2,002,612
$273,224 |
$3,243,844 |
| 19 |
$5,795,680 |
$2,104,732
$286,886 |
$3,404,062 |
| 20 |
$6,085,440 |
$2,211,943
$301,229 |
$3,572,268 |
| 21 |
$6,389,760 |
$2,324,542
$316,293 |
$3,748,925 |
| 22 |
$6,709,280 |
$2,442,764
$332,109 |
$3,934,407 |
| 23 |
$7,044,640 |
$2,566,847
$348,710 |
$4,129,083 |
| 24 |
$7,396,960 |
$2,697,206
$366,150 |
$4,333,604 |
| 25 |
$7,766,720 |
$2,834,017
$384,453 |
$4,548,250 |
| 26 |
$8,155,200 |
$2,977,754
$403,682 |
$4,773,764 |
| 27 |
$8,562,880 |
$3,128,596
$423,863 |
$5,010,421 |
| 28 |
$8,991,040 |
$3,287,015
$445,056 |
$5,258,969 |
| 29 |
$9,440,640 |
$3,453,367
$467,312 |
$5,519,961 |
| 30 |
$9,912,640 |
$3,628,007
$490,676 |
$5,793,957 |
|
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