CheckOfficial Illinois Lottery Data

    Illinois (IL) Lottery
    Tax & Payout Calculator

    Illinois taxes lottery winnings at 4.95%, and federal income tax applies too. 4.95% state tax is withheld from prizes of $1,000 or more, plus 24% federal tax from prizes over $5,000. Taken as cash, the next $538 million Powerball jackpot leaves an Illinois winner about $128.1 million.

    Illinois Powerball & Mega Millions Jackpots After Taxes

    What each jackpot leaves after federal and Illinois tax, as one cash payment or paid yearly.

    Powerball

    Jackpot
    $538M
    Cash value
    $220.6M
    Federal + state tax
    $92.5M
    You keep
    About $128.1M

    Mega Millions

    Jackpot
    $385M
    Cash value
    $154.8M
    Federal + state tax
    $64.9M
    You keep
    About $89.9M

    Lotto

    Jackpot
    $6.5M
    Cash value not published.

    Federal tax at the 2026 rates for a single filer with no other income and Illinois's 4.95% tax.

    Play scratch-offs too?Up to x24.2 better jackpot odds

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    Illinois Lottery Tax Calculator

    Type your prize to see what's withheld when it's paid and what you're handed.

    $
    PrizeWithheld at claimPaid to you
    $1,000$49.50$950.50
    $5,000$247.50$4,752.50
    $10,000$2,895$7,105
    $50,000$14,475$35,525
    $100,000$28,950$71,050
    $1,000,000$289,500$710,500

    Every prize is taxable income. From $2,000 the lottery reports it to the IRS, and your final federal tax depends on your income, from 10% to 37%.

    Good to Know

    Illinois tax on winnings 

    4.95%

    A flat rate, on top of federal tax.

    Withheld when you're paid 

    4.95% state from $1,00024% federal + 4.95% state over $5,000

    Smaller prizes are paid in full.

    Top federal rate 

    37% over $640,600

    $768,700 for married filing jointly. A jackpot owes most of its tax at this rate, more than the 24% withheld.

    Reported to the IRS 

    Prizes of $2,000 or more

    On Form W-2G, from 2026; it was $600 before.

    Cash or annuity 

    Choose within 60 days of the drawing

    Cash is one smaller payment. The annuity pays the full jackpot yearly: 30 years for Powerball, Mega Millions and Lotto.

    Reviewed by Bishop Woosley, former Director of the Arkansas Scholarship Lottery and NASPL President.

    You can't change the lottery's odds.
    You can pick better scratch-offs.

    The best Illinois scratch-offs right now have up to x24.2 better jackpot odds for $50K to $5M+ jackpots.

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    More Illinois Lottery Help

    What each game pays, the best scratch-offs, and taxes in other states.

    Frequently Asked Questions

    Answers about the Illinois Lottery

    Does Illinois tax lottery winnings?
    Yes. Illinois taxes lottery winnings at 4.95%, and federal income tax applies too.
    What is the Illinois lottery tax rate?
    Illinois taxes lottery winnings at 4.95%, on top of federal income tax. 4.95% state tax is withheld from prizes of $1,000 or more, plus 24% federal tax from prizes over $5,000; smaller prizes are paid in full.
    How much tax do you pay on a $1,000 lottery ticket in Illinois?
    The Illinois Lottery withholds $49.50 and pays you $950.50. The prize is still taxable income, taxed at your federal rate when you file: from 10% to 37%, depending on your income. Illinois taxes it too, at 4.95%.
    How much tax do you pay on a $10,000 lottery ticket in Illinois?
    The Illinois Lottery withholds $2,895 and pays you $7,105. The prize is still taxable income, taxed at your federal rate when you file: from 10% to 37%, depending on your income. Illinois taxes it too, at 4.95%.
    How much tax do you pay on $1 million in lottery winnings in Illinois?
    The Illinois Lottery withholds $289,500 and pays you $710,500. The prize is still taxable income, taxed at your federal rate when you file: from 10% to 37%, depending on your income. Illinois taxes it too, at 4.95%.
    How much are lottery winnings taxed?
    Lottery winnings are taxed as income. Federal rates run from 10% to 37%, and in 2026 the top rate starts at $640,600 for a single filer and $768,700 for a married couple filing jointly. What's withheld when you're paid is a down payment: on a large prize, you'll likely owe more when you file.
    Do you get a W-2G for lottery winnings?
    Yes, for prizes of $2,000 or more: the lottery reports them to the IRS on Form W-2G. The threshold was $600 before 2026. Smaller prizes are still taxable income you report.
    How much is the Powerball jackpot after taxes in Illinois?
    The next Powerball jackpot is an estimated $538 million, or $220.6 million as one cash payment. After federal tax and Illinois's 4.95%, the cash leaves a single winner about $128.1 million. Taken as 30 yearly payments, it pays about $313.8 million after taxes in all.
    How much is the Mega Millions jackpot after taxes in Illinois?
    The next Mega Millions jackpot is an estimated $385 million, or $154.8 million as one cash payment. After federal tax and Illinois's 4.95%, the cash leaves a single winner about $89.9 million. Taken as 30 yearly payments, it pays about $225 million after taxes in all.
    What is the difference between the cash option and the annuity?
    The cash option is one payment, smaller than the advertised jackpot: the next Powerball jackpot's is 41% of it, all taxed in one year. The annuity pays the full jackpot in 30 yearly payments, each 5% larger than the last, each taxed in the year it's paid. In Illinois, you choose within 60 days of the drawing.
    Are scratch-off winnings taxed in Illinois?
    Yes, the same as draw game prizes: scratch-off winnings are taxable income, and 4.95% state tax is withheld from prizes of $1,000 or more, plus 24% federal tax from prizes over $5,000. Illinois taxes them at 4.95%.

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