The jackpot for the MEGA Millions draw on Tue Sep 29, 2026, is projected to be $300 Million, with an option for a cash payout of $124.1 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 Sep 29, 2026 |
|---|
| Draw Date | Tue Sep 29, 2026 | | Projected Jackpot | $300,000,000 | | Cash Value | $124,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $124,100,000 | | Federal Tax(24%) | $29,784,000 | | Additional Federal Tax | $16,093,330 | | State Tax(4.95%) | $6,142,950 | | Net Lumpsum Payment | $72,079,720 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,515,300 |
$1,630,991
$223,507 |
$2,660,802 |
| 2 |
$4,741,200 |
$1,714,574
$234,689 |
$2,791,937 |
| 3 |
$4,978,200 |
$1,802,264
$246,421 |
$2,929,515 |
| 4 |
$5,227,200 |
$1,894,394
$258,746 |
$3,074,060 |
| 5 |
$5,488,500 |
$1,991,075
$271,681 |
$3,225,744 |
| 6 |
$5,763,000 |
$2,092,640
$285,269 |
$3,385,091 |
| 7 |
$6,051,000 |
$2,199,200
$299,525 |
$3,552,275 |
| 8 |
$6,353,700 |
$2,311,199
$314,508 |
$3,727,993 |
| 9 |
$6,671,400 |
$2,428,748
$330,234 |
$3,912,418 |
| 10 |
$7,005,000 |
$2,552,180
$346,748 |
$4,106,072 |
| 11 |
$7,355,100 |
$2,681,717
$364,077 |
$4,309,306 |
| 12 |
$7,722,900 |
$2,817,803
$382,284 |
$4,522,813 |
| 13 |
$8,109,000 |
$2,960,660
$401,396 |
$4,746,944 |
| 14 |
$8,514,600 |
$3,110,732
$421,473 |
$4,982,395 |
| 15 |
$8,940,300 |
$3,268,241
$442,545 |
$5,229,514 |
| 16 |
$9,387,300 |
$3,433,631
$464,671 |
$5,488,998 |
| 17 |
$9,856,500 |
$3,607,235
$487,897 |
$5,761,368 |
| 18 |
$10,349,400 |
$3,789,608
$512,295 |
$6,047,497 |
| 19 |
$10,866,900 |
$3,981,083
$537,912 |
$6,347,905 |
| 20 |
$11,410,200 |
$4,182,104
$564,805 |
$6,663,291 |
| 21 |
$11,980,800 |
$4,393,226
$593,050 |
$6,994,524 |
| 22 |
$12,579,900 |
$4,614,893
$622,705 |
$7,342,302 |
| 23 |
$13,208,700 |
$4,847,549
$653,831 |
$7,707,320 |
| 24 |
$13,869,300 |
$5,091,971
$686,530 |
$8,090,799 |
| 25 |
$14,562,600 |
$5,348,492
$720,849 |
$8,493,259 |
| 26 |
$15,291,000 |
$5,618,000
$756,905 |
$8,916,095 |
| 27 |
$16,055,400 |
$5,900,828
$794,742 |
$9,359,830 |
| 28 |
$16,858,200 |
$6,197,864
$834,481 |
$9,825,855 |
| 29 |
$17,701,200 |
$6,509,774
$876,209 |
$10,315,217 |
| 30 |
$18,586,200 |
$6,837,224
$920,017 |
$10,828,959 |
|
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