The jackpot for the MEGA Millions draw on Tue Jun 30, 2026, is projected to be $511 Million, with an option for a cash payout of $231 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 Jun 30, 2026 |
|---|
| Draw Date | Tue Jun 30, 2026 | | Projected Jackpot | $511,000,000 | | Cash Value | $231,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $231,000,000 | | Federal Tax(24%) | $55,440,000 | | Additional Federal Tax | $29,990,330 | | State Tax(4.95%) | $11,434,500 | | Net Lumpsum Payment | $134,135,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,691,061 |
$2,806,023
$380,708 |
$4,504,330 |
| 2 |
$8,075,844 |
$2,948,393
$399,754 |
$4,727,697 |
| 3 |
$8,479,534 |
$3,097,758
$419,737 |
$4,962,039 |
| 4 |
$8,903,664 |
$3,254,686
$440,731 |
$5,208,247 |
| 5 |
$9,348,745 |
$3,419,366
$462,763 |
$5,466,616 |
| 6 |
$9,816,310 |
$3,592,365
$485,907 |
$5,738,038 |
| 7 |
$10,306,870 |
$3,773,872
$510,190 |
$6,022,808 |
| 8 |
$10,822,469 |
$3,964,644
$535,712 |
$6,322,113 |
| 9 |
$11,363,618 |
$4,164,869
$562,499 |
$6,636,250 |
| 10 |
$11,931,850 |
$4,375,115
$590,627 |
$6,966,108 |
| 11 |
$12,528,187 |
$4,595,760
$620,145 |
$7,312,282 |
| 12 |
$13,154,673 |
$4,827,559
$651,156 |
$7,675,958 |
| 13 |
$13,812,330 |
$5,070,892
$683,710 |
$8,057,728 |
| 14 |
$14,503,202 |
$5,326,515
$717,908 |
$8,458,779 |
| 15 |
$15,228,311 |
$5,594,805
$753,801 |
$8,879,705 |
| 16 |
$15,989,701 |
$5,876,520
$791,490 |
$9,321,691 |
| 17 |
$16,788,905 |
$6,172,225
$831,051 |
$9,785,629 |
| 18 |
$17,628,478 |
$6,482,867
$872,610 |
$10,273,001 |
| 19 |
$18,509,953 |
$6,809,013
$916,243 |
$10,784,697 |
| 20 |
$19,435,374 |
$7,151,419
$962,051 |
$11,321,904 |
| 21 |
$20,407,296 |
$7,511,030
$1,010,161 |
$11,886,105 |
| 22 |
$21,427,763 |
$7,888,603
$1,060,674 |
$12,478,486 |
| 23 |
$22,498,819 |
$8,284,893
$1,113,692 |
$13,100,234 |
| 24 |
$23,624,041 |
$8,701,226
$1,169,390 |
$13,753,425 |
| 25 |
$24,804,962 |
$9,138,166
$1,227,846 |
$14,438,950 |
| 26 |
$26,045,670 |
$9,597,228
$1,289,261 |
$15,159,181 |
| 27 |
$27,347,698 |
$10,078,979
$1,353,711 |
$15,915,008 |
| 28 |
$28,715,134 |
$10,584,930
$1,421,399 |
$16,708,805 |
| 29 |
$30,151,044 |
$11,116,217
$1,492,477 |
$17,542,350 |
| 30 |
$31,658,494 |
$11,673,973
$1,567,095 |
$18,417,426 |
|
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