Mega Millions $463 Million After Taxes in Illinois
The Mega Millions jackpot for Friday, October 30, 2026, 11:00 pm ET, is $463 million, or $194.9 million cash. A single winner in Illinois who takes the cash keeps about $113.2 million after federal tax and Illinois's 4.95%.
Did anyone win?
Tuesday, October 27, 2026: ----, Mega Ball
Nobody matched all five numbers and the Mega Ball, so the $443 million jackpot rolls to $463 million (cash value $195 million) for Friday, October 30, 2026 at 11:00 pm ET.
If nobody wins on Friday, past runs put the November 3, 2026 jackpot near $485 million, and a Illinois winner would keep about $118.6 million. A projection, not the operator's figure.
Lump sum vs annuity in Illinois
One winner, single filer, 2026 federal brackets. Illinois withholds 4.95%.
| Lump sum | Annuity, 30 years | |
|---|---|---|
| Before tax | $194.9 million | $463 million |
| Federal withheld, 24% | −$46.8 million | −$111.1 million |
| Illinois withheld, 4.95% | −$9.6 million | −$22.9 million |
| Paid to you | $138.5 million | $329.0 million |
| Federal still due at filing | −$25.3 million | −$58.7 million |
| Kept after tax | $113.2 million | $270.3 million |
Federal: 24% withheld, up to 37% owed
The lottery withholds 24% for the IRS before it pays. A jackpot puts almost all of the prize in the 37% bracket, so the federal bill on the cash comes to $72,063,000, 37.0% of it, and the $25,287,000 the withholding missed is due with the return. Set it aside: the cheque is not what you keep.
Illinois tax on a Mega Millions jackpot
Illinois withholds 4.95%: $9.6 million of the cash value. What you finally owe Illinois is settled on its return, at its own income-tax rates. That ranks Illinois 27 of 46 lotteries by what a winner keeps: $9.6 million less than in a state with no lottery tax, $11.6 million more than in New York.
The annuity, year by year
Thirty payments, each 5% bigger than the last, taxed in the year it is paid.
| Payment | Before tax | After tax in Illinois |
|---|---|---|
| Year 1 | $7.0 million | $4.1 million |
| Year 10 | $10.8 million | $6.3 million |
| Year 20 | $17.6 million | $10.3 million |
| Year 30 | $28.7 million | $16.7 million |
Every state side by side · Illinois Mega Millions: numbers, add-ons, ticket value · Tax calculator for any prize
Mega Millions after taxes in Illinois: questions
- How much is the Mega Millions jackpot after taxes in Illinois?
- For Friday, October 30, 2026, the advertised jackpot is $463 million and the cash value $194.9 million. A single winner in Illinois who takes the cash keeps about $113.2 million once the federal bill is paid at filing and Illinois's 4.95%. The annuity pays about $4.1 million after tax in the first year and $270.3 million over 30 years.
- How much tax is taken out of Mega Millions winnings in Illinois?
- At the claim, 24% federal and 4.95% for Illinois: on the $194.9 million cash value that is $46.8 million and $9.6 million, leaving a cheque of $138.5 million. A jackpot is taxed at up to 37%, so about $25.3 million more is due with the federal return.
- Lump sum or annuity: which keeps more in Illinois?
- Over 30 years the annuity pays more in total after tax, $270.3 million against $113.2 million for the cash, because the advertised jackpot is the sum of payments that rise 5% a year. The cash is all paid now and could be invested; almost every jackpot winner takes it.
- Did anyone win the Mega Millions jackpot on October 27, 2026?
- No. Nobody matched all five numbers and the Mega Ball, so the $443 million jackpot rolls to $463 million (cash value $195 million) for Friday, October 30, 2026 at 11:00 pm ET. The numbers and every prize tier.
- Do I pay Illinois tax if I live in another state?
- Illinois withholds its 4.95% from a prize won on a ticket bought here, wherever you live. Your home state may tax the prize too, usually with a credit for tax paid to the state where the ticket was sold. The calculator takes any rate.