The jackpot for the MEGA Millions draw on Fri Nov 13, 2026, is projected to be $555 Million, with an option for a cash payout of $235.2 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 Fri Nov 13, 2026 |
|---|
| Draw Date | Fri Nov 13, 2026 | | Projected Jackpot | $555,000,000 | | Cash Value | $235,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $235,200,000 | | Federal Tax(24%) | $56,448,000 | | Additional Federal Tax | $30,536,330 | | State Tax(4.95%) | $11,642,400 | | Net Lumpsum Payment | $136,573,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,353,305 |
$3,051,053
$413,489 |
$4,888,763 |
| 2 |
$8,771,220 |
$3,205,682
$434,175 |
$5,131,363 |
| 3 |
$9,209,670 |
$3,367,908
$455,879 |
$5,385,883 |
| 4 |
$9,670,320 |
$3,538,349
$478,681 |
$5,653,290 |
| 5 |
$10,153,725 |
$3,717,209
$502,609 |
$5,933,907 |
| 6 |
$10,661,550 |
$3,905,104
$527,747 |
$6,228,699 |
| 7 |
$11,194,350 |
$4,102,240
$554,120 |
$6,537,990 |
| 8 |
$11,754,345 |
$4,309,438
$581,840 |
$6,863,067 |
| 9 |
$12,342,090 |
$4,526,904
$610,933 |
$7,204,253 |
| 10 |
$12,959,250 |
$4,755,253
$641,483 |
$7,562,514 |
| 11 |
$13,606,935 |
$4,994,896
$673,543 |
$7,938,496 |
| 12 |
$14,287,365 |
$5,246,655
$707,225 |
$8,333,485 |
| 13 |
$15,001,650 |
$5,510,941
$742,582 |
$8,748,127 |
| 14 |
$15,752,010 |
$5,788,574
$779,724 |
$9,183,712 |
| 15 |
$16,539,555 |
$6,079,966
$818,708 |
$9,640,881 |
| 16 |
$17,366,505 |
$6,385,937
$859,642 |
$10,120,926 |
| 17 |
$18,234,525 |
$6,707,105
$902,609 |
$10,624,811 |
| 18 |
$19,146,390 |
$7,044,495
$947,746 |
$11,154,149 |
| 19 |
$20,103,765 |
$7,398,723
$995,136 |
$11,709,906 |
| 20 |
$21,108,870 |
$7,770,612
$1,044,889 |
$12,293,369 |
| 21 |
$22,164,480 |
$8,161,188
$1,097,142 |
$12,906,150 |
| 22 |
$23,272,815 |
$8,571,272
$1,152,004 |
$13,549,539 |
| 23 |
$24,436,095 |
$9,001,686
$1,209,587 |
$14,224,822 |
| 24 |
$25,658,205 |
$9,453,866
$1,270,081 |
$14,934,258 |
| 25 |
$26,940,810 |
$9,928,430
$1,333,570 |
$15,678,810 |
| 26 |
$28,288,350 |
$10,427,020
$1,400,273 |
$16,461,057 |
| 27 |
$29,702,490 |
$10,950,252
$1,470,273 |
$17,281,965 |
| 28 |
$31,187,670 |
$11,499,768
$1,543,790 |
$18,144,112 |
| 29 |
$32,747,220 |
$12,076,802
$1,620,987 |
$19,049,431 |
| 30 |
$34,384,470 |
$12,682,584
$1,702,031 |
$19,999,855 |
|
|
