The jackpot for the MEGA Millions draw on Fri Mar 6, 2026, is projected to be $496 Million, with an option for a cash payout of $232.6 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 Fri Mar 6, 2026 |
|---|
| Draw Date | Fri Mar 6, 2026 | | Projected Jackpot | $496,000,000 | | Cash Value | $232,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $232,600,000 | | Federal Tax(24%) | $55,824,000 | | Additional Federal Tax | $30,198,330 | | State Tax(4.95%) | $11,513,700 | | Net Lumpsum Payment | $135,063,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,465,296 |
$2,722,490
$369,532 |
$4,373,274 |
| 2 |
$7,838,784 |
$2,860,680
$388,020 |
$4,590,084 |
| 3 |
$8,230,624 |
$3,005,661
$407,416 |
$4,817,547 |
| 4 |
$8,642,304 |
$3,157,983
$427,794 |
$5,056,527 |
| 5 |
$9,074,320 |
$3,317,829
$449,179 |
$5,307,312 |
| 6 |
$9,528,160 |
$3,485,750
$471,644 |
$5,570,766 |
| 7 |
$10,004,320 |
$3,661,929
$495,214 |
$5,847,177 |
| 8 |
$10,504,784 |
$3,847,100
$519,987 |
$6,137,697 |
| 9 |
$11,030,048 |
$4,041,448
$545,987 |
$6,442,613 |
| 10 |
$11,581,600 |
$4,245,522
$573,289 |
$6,762,789 |
| 11 |
$12,160,432 |
$4,459,690
$601,941 |
$7,098,801 |
| 12 |
$12,768,528 |
$4,684,686
$632,042 |
$7,451,800 |
| 13 |
$13,406,880 |
$4,920,876
$663,641 |
$7,822,363 |
| 14 |
$14,077,472 |
$5,168,995
$696,835 |
$8,211,642 |
| 15 |
$14,781,296 |
$5,429,410
$731,674 |
$8,620,212 |
| 16 |
$15,520,336 |
$5,702,855
$768,257 |
$9,049,224 |
| 17 |
$16,296,080 |
$5,989,880
$806,656 |
$9,499,544 |
| 18 |
$17,111,008 |
$6,291,403
$846,995 |
$9,972,610 |
| 19 |
$17,966,608 |
$6,607,975
$889,347 |
$10,469,286 |
| 20 |
$18,864,864 |
$6,940,330
$933,811 |
$10,990,723 |
| 21 |
$19,808,256 |
$7,289,385
$980,509 |
$11,538,362 |
| 22 |
$20,798,768 |
$7,655,875
$1,029,539 |
$12,113,354 |
| 23 |
$21,838,384 |
$8,040,532
$1,081,000 |
$12,716,852 |
| 24 |
$22,930,576 |
$8,444,644
$1,135,064 |
$13,350,868 |
| 25 |
$24,076,832 |
$8,868,758
$1,191,803 |
$14,016,271 |
| 26 |
$25,281,120 |
$9,314,345
$1,251,415 |
$14,715,360 |
| 27 |
$26,544,928 |
$9,781,954
$1,313,974 |
$15,449,000 |
| 28 |
$27,872,224 |
$10,273,053
$1,379,675 |
$16,219,496 |
| 29 |
$29,265,984 |
$10,788,744
$1,448,666 |
$17,028,574 |
| 30 |
$30,729,184 |
$11,330,128
$1,521,095 |
$17,877,961 |
|
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