The jackpot for the MEGA Millions draw on Tue Jun 3, 2025, is projected to be $202 Million, with an option for a cash payout of $90 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 Jun 3, 2025 |
|---|
| Draw Date | Tue Jun 3, 2025 | | Projected Jackpot | $202,000,000 | | Cash Value | $90,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $90,000,000 | | Federal Tax(24%) | $21,600,000 | | Additional Federal Tax | $11,660,330 | | State Tax(4.95%) | $4,455,000 | | Net Lumpsum Payment | $52,284,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,040,302 |
$1,085,242
$150,495 |
$1,804,565 |
| 2 |
$3,192,408 |
$1,141,521
$158,024 |
$1,892,863 |
| 3 |
$3,351,988 |
$1,200,566
$165,923 |
$1,985,499 |
| 4 |
$3,519,648 |
$1,262,600
$174,223 |
$2,082,825 |
| 5 |
$3,695,590 |
$1,327,699
$182,932 |
$2,184,959 |
| 6 |
$3,880,420 |
$1,396,086
$192,081 |
$2,292,253 |
| 7 |
$4,074,340 |
$1,467,836
$201,680 |
$2,404,824 |
| 8 |
$4,278,158 |
$1,543,249
$211,769 |
$2,523,140 |
| 9 |
$4,492,076 |
$1,622,399
$222,358 |
$2,647,319 |
| 10 |
$4,716,700 |
$1,705,509
$233,477 |
$2,777,714 |
| 11 |
$4,952,434 |
$1,792,731
$245,145 |
$2,914,558 |
| 12 |
$5,200,086 |
$1,884,362
$257,404 |
$3,058,320 |
| 13 |
$5,460,060 |
$1,980,553
$270,273 |
$3,209,234 |
| 14 |
$5,733,164 |
$2,081,601
$283,792 |
$3,367,771 |
| 15 |
$6,019,802 |
$2,187,657
$297,980 |
$3,534,165 |
| 16 |
$6,320,782 |
$2,299,020
$312,879 |
$3,708,883 |
| 17 |
$6,636,710 |
$2,415,913
$328,517 |
$3,892,280 |
| 18 |
$6,968,596 |
$2,538,711
$344,946 |
$4,084,939 |
| 19 |
$7,317,046 |
$2,667,637
$362,194 |
$4,287,215 |
| 20 |
$7,682,868 |
$2,802,992
$380,302 |
$4,499,574 |
| 21 |
$8,067,072 |
$2,945,147
$399,320 |
$4,722,605 |
| 22 |
$8,470,466 |
$3,094,403
$419,288 |
$4,956,775 |
| 23 |
$8,893,858 |
$3,251,058
$440,246 |
$5,202,554 |
| 24 |
$9,338,662 |
$3,415,635
$462,264 |
$5,460,763 |
| 25 |
$9,805,484 |
$3,588,359
$485,371 |
$5,731,754 |
| 26 |
$10,295,940 |
$3,769,828
$509,649 |
$6,016,463 |
| 27 |
$10,810,636 |
$3,960,266
$535,126 |
$6,315,244 |
| 28 |
$11,351,188 |
$4,160,270
$561,884 |
$6,629,034 |
| 29 |
$11,918,808 |
$4,370,289
$589,981 |
$6,958,538 |
| 30 |
$12,514,708 |
$4,590,772
$619,478 |
$7,304,458 |
|
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