The jackpot for the MEGA Millions draw on Tue Oct 28, 2025, is projected to be $714 Million, with an option for a cash payout of $334.1 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 Oct 28, 2025 |
|---|
| Draw Date | Tue Oct 28, 2025 | | Projected Jackpot | $714,000,000 | | Cash Value | $334,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $334,100,000 | | Federal Tax(24%) | $80,184,000 | | Additional Federal Tax | $43,393,330 | | State Tax(4.95%) | $16,537,950 | | Net Lumpsum Payment | $193,984,720 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,746,414 |
$3,936,504
$531,947 |
$6,277,963 |
| 2 |
$11,284,056 |
$4,135,431
$558,561 |
$6,590,064 |
| 3 |
$11,848,116 |
$4,344,133
$586,482 |
$6,917,501 |
| 4 |
$12,440,736 |
$4,563,403
$615,816 |
$7,261,517 |
| 5 |
$13,062,630 |
$4,793,503
$646,600 |
$7,622,527 |
| 6 |
$13,715,940 |
$5,035,228
$678,939 |
$8,001,773 |
| 7 |
$14,401,380 |
$5,288,841
$712,868 |
$8,399,671 |
| 8 |
$15,121,806 |
$5,555,399
$748,529 |
$8,817,878 |
| 9 |
$15,877,932 |
$5,835,165
$785,958 |
$9,256,809 |
| 10 |
$16,671,900 |
$6,128,933
$825,259 |
$9,717,708 |
| 11 |
$17,505,138 |
$6,437,231
$866,504 |
$10,201,403 |
| 12 |
$18,380,502 |
$6,761,116
$909,835 |
$10,709,551 |
| 13 |
$19,299,420 |
$7,101,116
$955,321 |
$11,242,983 |
| 14 |
$20,264,748 |
$7,458,287
$1,003,105 |
$11,803,356 |
| 15 |
$21,277,914 |
$7,833,159
$1,053,257 |
$12,391,498 |
| 16 |
$22,341,774 |
$8,226,787
$1,105,918 |
$13,009,069 |
| 17 |
$23,458,470 |
$8,639,964
$1,161,194 |
$13,657,312 |
| 18 |
$24,631,572 |
$9,074,012
$1,219,263 |
$14,338,297 |
| 19 |
$25,863,222 |
$9,529,723
$1,280,229 |
$15,053,270 |
| 20 |
$27,156,276 |
$10,008,153
$1,344,236 |
$15,803,887 |
| 21 |
$28,514,304 |
$10,510,623
$1,411,458 |
$16,592,223 |
| 22 |
$29,940,162 |
$11,038,190
$1,482,038 |
$17,419,934 |
| 23 |
$31,436,706 |
$11,591,912
$1,556,117 |
$18,288,677 |
| 24 |
$33,008,934 |
$12,173,636
$1,633,942 |
$19,201,356 |
| 25 |
$34,658,988 |
$12,784,156
$1,715,620 |
$20,159,212 |
| 26 |
$36,392,580 |
$13,425,585
$1,801,433 |
$21,165,562 |
| 27 |
$38,211,852 |
$14,098,716
$1,891,487 |
$22,221,649 |
| 28 |
$40,122,516 |
$14,805,661
$1,986,065 |
$23,330,790 |
| 29 |
$42,128,856 |
$15,548,007
$2,085,378 |
$24,495,471 |
| 30 |
$44,235,156 |
$16,327,338
$2,189,640 |
$25,718,178 |
|
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