The jackpot for the MEGA Millions draw on Fri Oct 3, 2025, is projected to be $520 Million, with an option for a cash payout of $240.1 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 Fri Oct 3, 2025 |
|---|
| Draw Date | Fri Oct 3, 2025 | | Projected Jackpot | $520,000,000 | | Cash Value | $240,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $240,100,000 | | Federal Tax(24%) | $57,624,000 | | Additional Federal Tax | $31,173,330 | | State Tax(4.95%) | $11,884,950 | | Net Lumpsum Payment | $139,417,720 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,826,520 |
$2,856,143
$387,413 |
$4,582,964 |
| 2 |
$8,218,080 |
$3,001,020
$406,795 |
$4,810,265 |
| 3 |
$8,628,880 |
$3,153,016
$427,130 |
$5,048,734 |
| 4 |
$9,060,480 |
$3,312,708
$448,494 |
$5,299,278 |
| 5 |
$9,513,400 |
$3,480,288
$470,913 |
$5,562,199 |
| 6 |
$9,989,200 |
$3,656,334
$494,465 |
$5,838,401 |
| 7 |
$10,488,400 |
$3,841,038
$519,176 |
$6,128,186 |
| 8 |
$11,013,080 |
$4,035,170
$545,147 |
$6,432,763 |
| 9 |
$11,563,760 |
$4,238,922
$572,406 |
$6,752,432 |
| 10 |
$12,142,000 |
$4,452,870
$601,029 |
$7,088,101 |
| 11 |
$12,748,840 |
$4,677,401
$631,068 |
$7,440,371 |
| 12 |
$13,386,360 |
$4,913,284
$662,625 |
$7,810,451 |
| 13 |
$14,055,600 |
$5,160,902
$695,752 |
$8,198,946 |
| 14 |
$14,758,640 |
$5,421,027
$730,553 |
$8,607,060 |
| 15 |
$15,496,520 |
$5,694,043
$767,078 |
$9,035,399 |
| 16 |
$16,271,320 |
$5,980,719
$805,430 |
$9,485,171 |
| 17 |
$17,084,600 |
$6,281,632
$845,688 |
$9,957,280 |
| 18 |
$17,938,960 |
$6,597,746
$887,979 |
$10,453,235 |
| 19 |
$18,835,960 |
$6,929,636
$932,380 |
$10,973,944 |
| 20 |
$19,777,680 |
$7,278,072
$978,995 |
$11,520,613 |
| 21 |
$20,766,720 |
$7,644,017
$1,027,953 |
$12,094,750 |
| 22 |
$21,805,160 |
$8,028,240
$1,079,355 |
$12,697,565 |
| 23 |
$22,895,080 |
$8,431,510
$1,133,306 |
$13,330,264 |
| 24 |
$24,040,120 |
$8,855,175
$1,189,986 |
$13,994,959 |
| 25 |
$25,241,840 |
$9,299,811
$1,249,471 |
$14,692,558 |
| 26 |
$26,504,400 |
$9,766,958
$1,311,968 |
$15,425,474 |
| 27 |
$27,829,360 |
$10,257,194
$1,377,553 |
$16,194,613 |
| 28 |
$29,220,880 |
$10,772,056
$1,446,434 |
$17,002,390 |
| 29 |
$30,682,080 |
$11,312,700
$1,518,763 |
$17,850,617 |
| 30 |
$32,216,080 |
$11,880,280
$1,594,696 |
$18,741,104 |
|
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