The jackpot for the MEGA Millions draw on Tue Jan 6, 2026, is projected to be $180 Million, with an option for a cash payout of $81.9 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 Jan 6, 2026 |
|---|
| Draw Date | Tue Jan 6, 2026 | | Projected Jackpot | $180,000,000 | | Cash Value | $81,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $81,900,000 | | Federal Tax(24%) | $19,656,000 | | Additional Federal Tax | $10,607,330 | | State Tax(4.95%) | $4,054,050 | | Net Lumpsum Payment | $47,582,620 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,709,180 |
$962,727
$134,104 |
$1,612,349 |
| 2 |
$2,844,720 |
$1,012,877
$140,814 |
$1,691,029 |
| 3 |
$2,986,920 |
$1,065,491
$147,853 |
$1,773,576 |
| 4 |
$3,136,320 |
$1,120,769
$155,248 |
$1,860,303 |
| 5 |
$3,293,100 |
$1,178,777
$163,008 |
$1,951,315 |
| 6 |
$3,457,800 |
$1,239,716
$171,161 |
$2,046,923 |
| 7 |
$3,630,600 |
$1,303,652
$179,715 |
$2,147,233 |
| 8 |
$3,812,220 |
$1,370,852
$188,705 |
$2,252,663 |
| 9 |
$4,002,840 |
$1,441,381
$198,141 |
$2,363,318 |
| 10 |
$4,203,000 |
$1,515,440
$208,049 |
$2,479,511 |
| 11 |
$4,413,060 |
$1,593,163
$218,446 |
$2,601,451 |
| 12 |
$4,633,740 |
$1,674,814
$229,370 |
$2,729,556 |
| 13 |
$4,865,400 |
$1,760,528
$240,837 |
$2,864,035 |
| 14 |
$5,108,760 |
$1,850,572
$252,884 |
$3,005,304 |
| 15 |
$5,364,180 |
$1,945,077
$265,527 |
$3,153,576 |
| 16 |
$5,632,380 |
$2,044,311
$278,803 |
$3,309,266 |
| 17 |
$5,913,900 |
$2,148,473
$292,738 |
$3,472,689 |
| 18 |
$6,209,640 |
$2,257,897
$307,377 |
$3,644,366 |
| 19 |
$6,520,140 |
$2,372,782
$322,747 |
$3,824,611 |
| 20 |
$6,846,120 |
$2,493,395
$338,883 |
$4,013,842 |
| 21 |
$7,188,480 |
$2,620,068
$355,830 |
$4,212,582 |
| 22 |
$7,547,940 |
$2,753,068
$373,623 |
$4,421,249 |
| 23 |
$7,925,220 |
$2,892,662
$392,298 |
$4,640,260 |
| 24 |
$8,321,580 |
$3,039,315
$411,918 |
$4,870,347 |
| 25 |
$8,737,560 |
$3,193,228
$432,509 |
$5,111,823 |
| 26 |
$9,174,600 |
$3,354,932
$454,143 |
$5,365,525 |
| 27 |
$9,633,240 |
$3,524,629
$476,845 |
$5,631,766 |
| 28 |
$10,114,920 |
$3,702,851
$500,689 |
$5,911,380 |
| 29 |
$10,620,720 |
$3,889,997
$525,726 |
$6,204,997 |
| 30 |
$11,151,720 |
$4,086,467
$552,010 |
$6,513,243 |
|
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