The jackpot for the MEGA Millions draw on Tue Nov 4, 2025, is projected to be $800 Million, with an option for a cash payout of $371.7 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 Nov 4, 2025 |
|---|
| Draw Date | Tue Nov 4, 2025 | | Projected Jackpot | $800,000,000 | | Cash Value | $371,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $371,700,000 | | Federal Tax(24%) | $89,208,000 | | Additional Federal Tax | $48,281,330 | | State Tax(4.95%) | $18,399,150 | | Net Lumpsum Payment | $215,811,520 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$12,040,800 |
$4,415,426
$596,020 |
$7,029,354 |
| 2 |
$12,643,200 |
$4,638,314
$625,838 |
$7,379,048 |
| 3 |
$13,275,200 |
$4,872,154
$657,122 |
$7,745,924 |
| 4 |
$13,939,200 |
$5,117,834
$689,990 |
$8,131,376 |
| 5 |
$14,636,000 |
$5,375,650
$724,482 |
$8,535,868 |
| 6 |
$15,368,000 |
$5,646,490
$760,716 |
$8,960,794 |
| 7 |
$16,136,000 |
$5,930,650
$798,732 |
$9,406,618 |
| 8 |
$16,943,200 |
$6,229,314
$838,688 |
$9,875,198 |
| 9 |
$17,790,400 |
$6,542,778
$880,625 |
$10,366,997 |
| 10 |
$18,680,000 |
$6,871,930
$924,660 |
$10,883,410 |
| 11 |
$19,613,600 |
$7,217,362
$970,873 |
$11,425,365 |
| 12 |
$20,594,400 |
$7,580,258
$1,019,423 |
$11,994,719 |
| 13 |
$21,624,000 |
$7,961,210
$1,070,388 |
$12,592,402 |
| 14 |
$22,705,600 |
$8,361,402
$1,123,927 |
$13,220,271 |
| 15 |
$23,840,800 |
$8,781,426
$1,180,120 |
$13,879,254 |
| 16 |
$25,032,800 |
$9,222,466
$1,239,124 |
$14,571,210 |
| 17 |
$26,284,000 |
$9,685,410
$1,301,058 |
$15,297,532 |
| 18 |
$27,598,400 |
$10,171,738
$1,366,121 |
$16,060,541 |
| 19 |
$28,978,400 |
$10,682,338
$1,434,431 |
$16,861,631 |
| 20 |
$30,427,200 |
$11,218,394
$1,506,146 |
$17,702,660 |
| 21 |
$31,948,800 |
$11,781,386
$1,581,466 |
$18,585,948 |
| 22 |
$33,546,400 |
$12,372,498
$1,660,547 |
$19,513,355 |
| 23 |
$35,223,200 |
$12,992,914
$1,743,548 |
$20,486,738 |
| 24 |
$36,984,800 |
$13,644,706
$1,830,748 |
$21,509,346 |
| 25 |
$38,833,600 |
$14,328,762
$1,922,263 |
$22,582,575 |
| 26 |
$40,776,000 |
$15,047,450
$2,018,412 |
$23,710,138 |
| 27 |
$42,814,400 |
$15,801,658
$2,119,313 |
$24,893,429 |
| 28 |
$44,955,200 |
$16,593,754
$2,225,282 |
$26,136,164 |
| 29 |
$47,203,200 |
$17,425,514
$2,336,558 |
$27,441,128 |
| 30 |
$49,563,200 |
$18,298,714
$2,453,378 |
$28,811,108 |
|
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