Indiana Lottery

INLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri May 1, 2026 is estimated to be $178 Million, with a cash option of 79.6 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 May 1, 2026

Draw Date	Jackpot	Cash Option
Fri May 1, 2026	$178,000,000	$79,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$79,600,000
Federal Tax(24%)	$19,104,000
Additional Federal Tax	$10,308,330
State Tax(3.15%)	$2,507,400
Net Lumpsum Payment	$47,680,270

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,679,078	-$951,589 -$84,391	$1,643,098
2	$2,813,112	-$1,001,182 -$88,613	$1,723,317
3	$2,953,732	-$1,053,211 -$93,043	$1,807,478
4	$3,101,472	-$1,107,875 -$97,696	$1,895,901
5	$3,256,510	-$1,165,239 -$102,580	$1,988,691
6	$3,419,380	-$1,225,501 -$107,710	$2,086,169
7	$3,590,260	-$1,288,727 -$113,093	$2,188,440
8	$3,769,862	-$1,355,179 -$118,751	$2,295,932
9	$3,958,364	-$1,424,925 -$124,688	$2,408,751
10	$4,156,300	-$1,498,161 -$130,923	$2,527,216
11	$4,364,026	-$1,575,020 -$137,467	$2,651,539
12	$4,582,254	-$1,655,764 -$144,341	$2,782,149
13	$4,811,340	-$1,740,526 -$151,557	$2,919,257
14	$5,051,996	-$1,829,569 -$159,138	$3,063,289
15	$5,304,578	-$1,923,024 -$167,094	$3,214,460
16	$5,569,798	-$2,021,156 -$175,449	$3,373,193
17	$5,848,190	-$2,124,161 -$184,218	$3,539,811
18	$6,140,644	-$2,232,369 -$193,430	$3,714,845
19	$6,447,694	-$2,345,977 -$203,102	$3,898,615
20	$6,770,052	-$2,465,250 -$213,257	$4,091,545
21	$7,108,608	-$2,590,515 -$223,921	$4,294,172
22	$7,464,074	-$2,722,038 -$235,118	$4,506,918
23	$7,837,162	-$2,860,080 -$246,871	$4,730,211
24	$8,229,118	-$3,005,104 -$259,217	$4,964,797
25	$8,640,476	-$3,157,307 -$272,175	$5,210,994
26	$9,072,660	-$3,317,215 -$285,789	$5,469,656
27	$9,526,204	-$3,485,026 -$300,075	$5,741,103
28	$10,002,532	-$3,661,267 -$315,080	$6,026,185
29	$10,502,712	-$3,846,334 -$330,835	$6,325,543
30	$11,027,812	-$4,040,621 -$347,376	$6,639,815