The jackpot for the MEGA Millions draw on Tue Oct 14, 2025, is projected to be $600 Million, with an option for a cash payout of $277.2 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 Oct 14, 2025 |
|---|
| Draw Date | Tue Oct 14, 2025 | | Projected Jackpot | $600,000,000 | | Cash Value | $277,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $277,200,000 | | Federal Tax(24%) | $66,528,000 | | Additional Federal Tax | $35,996,330 | | State Tax(4.95%) | $13,721,400 | | Net Lumpsum Payment | $160,954,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,030,600 |
$3,301,652
$447,015 |
$5,281,933 |
| 2 |
$9,482,400 |
$3,468,818
$469,379 |
$5,544,203 |
| 3 |
$9,956,400 |
$3,644,198
$492,842 |
$5,819,360 |
| 4 |
$10,454,400 |
$3,828,458
$517,493 |
$6,108,449 |
| 5 |
$10,977,000 |
$4,021,820
$543,362 |
$6,411,818 |
| 6 |
$11,526,000 |
$4,224,950
$570,537 |
$6,730,513 |
| 7 |
$12,102,000 |
$4,438,070
$599,049 |
$7,064,881 |
| 8 |
$12,707,400 |
$4,662,068
$629,016 |
$7,416,316 |
| 9 |
$13,342,800 |
$4,897,166
$660,469 |
$7,785,165 |
| 10 |
$14,010,000 |
$5,144,030
$693,495 |
$8,172,475 |
| 11 |
$14,710,200 |
$5,403,104
$728,155 |
$8,578,941 |
| 12 |
$15,445,800 |
$5,675,276
$764,567 |
$9,005,957 |
| 13 |
$16,218,000 |
$5,960,990
$802,791 |
$9,454,219 |
| 14 |
$17,029,200 |
$6,261,134
$842,945 |
$9,925,121 |
| 15 |
$17,880,600 |
$6,576,152
$885,090 |
$10,419,358 |
| 16 |
$18,774,600 |
$6,906,932
$929,343 |
$10,938,325 |
| 17 |
$19,713,000 |
$7,254,140
$975,794 |
$11,483,066 |
| 18 |
$20,698,800 |
$7,618,886
$1,024,591 |
$12,055,323 |
| 19 |
$21,733,800 |
$8,001,836
$1,075,823 |
$12,656,141 |
| 20 |
$22,820,400 |
$8,403,878
$1,129,610 |
$13,286,912 |
| 21 |
$23,961,600 |
$8,826,122
$1,186,099 |
$13,949,379 |
| 22 |
$25,159,800 |
$9,269,456
$1,245,410 |
$14,644,934 |
| 23 |
$26,417,400 |
$9,734,768
$1,307,661 |
$15,374,971 |
| 24 |
$27,738,600 |
$10,223,612
$1,373,061 |
$16,141,927 |
| 25 |
$29,125,200 |
$10,736,654
$1,441,697 |
$16,946,849 |
| 26 |
$30,582,000 |
$11,275,670
$1,513,809 |
$17,792,521 |
| 27 |
$32,110,800 |
$11,841,326
$1,589,485 |
$18,679,989 |
| 28 |
$33,716,400 |
$12,435,398
$1,668,962 |
$19,612,040 |
| 29 |
$35,402,400 |
$13,059,218
$1,752,419 |
$20,590,763 |
| 30 |
$37,172,400 |
$13,714,118
$1,840,034 |
$21,618,248 |
|
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