The jackpot for the MEGA Millions draw on Fri Jul 17, 2026, is projected to be $672 Million, with an option for a cash payout of $293.3 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 Jul 17, 2026 |
|---|
| Draw Date | Fri Jul 17, 2026 | | Projected Jackpot | $672,000,000 | | Cash Value | $293,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $293,300,000 | | Federal Tax(24%) | $70,392,000 | | Additional Federal Tax | $38,089,330 | | State Tax(4.95%) | $14,518,350 | | Net Lumpsum Payment | $170,300,320 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,114,272 |
$3,702,611
$500,656 |
$5,911,005 |
| 2 |
$10,620,288 |
$3,889,837
$525,704 |
$6,204,747 |
| 3 |
$11,151,168 |
$4,086,263
$551,983 |
$6,512,922 |
| 4 |
$11,708,928 |
$4,292,634
$579,592 |
$6,836,702 |
| 5 |
$12,294,240 |
$4,509,199
$608,565 |
$7,176,476 |
| 6 |
$12,909,120 |
$4,736,705
$639,001 |
$7,533,414 |
| 7 |
$13,554,240 |
$4,975,399
$670,935 |
$7,907,906 |
| 8 |
$14,232,288 |
$5,226,277
$704,498 |
$8,301,513 |
| 9 |
$14,943,936 |
$5,489,587
$739,725 |
$8,714,624 |
| 10 |
$15,691,200 |
$5,766,074
$776,714 |
$9,148,412 |
| 11 |
$16,475,424 |
$6,056,237
$815,533 |
$9,603,654 |
| 12 |
$17,299,296 |
$6,361,070
$856,315 |
$10,081,911 |
| 13 |
$18,164,160 |
$6,681,070
$899,126 |
$10,583,964 |
| 14 |
$19,072,704 |
$7,017,231
$944,099 |
$11,111,374 |
| 15 |
$20,026,272 |
$7,370,051
$991,300 |
$11,664,921 |
| 16 |
$21,027,552 |
$7,740,525
$1,040,864 |
$12,246,163 |
| 17 |
$22,078,560 |
$8,129,398
$1,092,889 |
$12,856,273 |
| 18 |
$23,182,656 |
$8,537,913
$1,147,541 |
$13,497,202 |
| 19 |
$24,341,856 |
$8,966,817
$1,204,922 |
$14,170,117 |
| 20 |
$25,558,848 |
$9,417,104
$1,265,163 |
$14,876,581 |
| 21 |
$26,836,992 |
$9,890,017
$1,328,431 |
$15,618,544 |
| 22 |
$28,178,976 |
$10,386,552
$1,394,859 |
$16,397,565 |
| 23 |
$29,587,488 |
$10,907,701
$1,464,581 |
$17,215,206 |
| 24 |
$31,067,232 |
$11,455,206
$1,537,828 |
$18,074,198 |
| 25 |
$32,620,224 |
$12,029,813
$1,614,701 |
$18,975,710 |
| 26 |
$34,251,840 |
$12,633,511
$1,695,466 |
$19,922,863 |
| 27 |
$35,964,096 |
$13,267,046
$1,780,223 |
$20,916,827 |
| 28 |
$37,762,368 |
$13,932,407
$1,869,237 |
$21,960,724 |
| 29 |
$39,650,688 |
$14,631,085
$1,962,709 |
$23,056,894 |
| 30 |
$41,633,088 |
$15,364,573
$2,060,838 |
$24,207,677 |
|
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