Indiana Lottery

INLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jan 30, 2026 is estimated to be $303 Million, with a cash option of 136.7 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Indiana, your state will take 3.15% of your lottery winnings.

Please note that the calculation of the MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Indiana MEGA Millions Jackpot/Cash Option for Fri Jan 30, 2026

Draw Date	Jackpot	Cash Option
Fri Jan 30, 2026	$303,000,000	$136,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$136,700,000
Federal Tax(24%)	$32,808,000
Additional Federal Tax	$17,731,330
State Tax(3.15%)	$4,306,050
Net Lumpsum Payment	$81,854,620

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,560,453	-$1,647,698 -$143,654	$2,769,101
2	$4,788,612	-$1,732,117 -$150,841	$2,905,654
3	$5,027,982	-$1,820,684 -$158,381	$3,048,917
4	$5,279,472	-$1,913,735 -$166,303	$3,199,434
5	$5,543,385	-$2,011,383 -$174,617	$3,357,385
6	$5,820,630	-$2,113,963 -$183,350	$3,523,317
7	$6,111,510	-$2,221,589 -$192,513	$3,697,408
8	$6,417,237	-$2,334,708 -$202,143	$3,880,386
9	$6,738,114	-$2,453,433 -$212,251	$4,072,430
10	$7,075,050	-$2,578,099 -$222,864	$4,274,087
11	$7,428,651	-$2,708,931 -$234,003	$4,485,717
12	$7,800,129	-$2,846,378 -$245,704	$4,708,047
13	$8,190,090	-$2,990,664 -$257,988	$4,941,438
14	$8,599,746	-$3,142,236 -$270,892	$5,186,618
15	$9,029,703	-$3,301,320 -$284,436	$5,443,947
16	$9,481,173	-$3,468,364 -$298,657	$5,714,152
17	$9,955,065	-$3,643,704 -$313,585	$5,997,776
18	$10,452,894	-$3,827,901 -$329,266	$6,295,727
19	$10,975,569	-$4,021,291 -$345,730	$6,608,548
20	$11,524,302	-$4,224,322 -$363,016	$6,936,964
21	$12,100,608	-$4,437,555 -$381,169	$7,281,884
22	$12,705,699	-$4,661,439 -$400,230	$7,644,030
23	$13,340,787	-$4,896,422 -$420,235	$8,024,130
24	$14,007,993	-$5,143,288 -$441,252	$8,423,453
25	$14,708,226	-$5,402,374 -$463,309	$8,842,543
26	$15,443,910	-$5,674,577 -$486,483	$9,282,850
27	$16,215,954	-$5,960,233 -$510,803	$9,744,918
28	$17,026,782	-$6,260,240 -$536,344	$10,230,198
29	$17,878,212	-$6,575,269 -$563,164	$10,739,779
30	$18,772,062	-$6,905,993 -$591,320	$11,274,749