Indiana Lottery

INLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 29, 2026 is estimated to be $300 Million, with a cash option of 124.1 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 Tue Sep 29, 2026

Draw Date	Jackpot	Cash Option
Tue Sep 29, 2026	$300,000,000	$124,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$124,100,000
Federal Tax(24%)	$29,784,000
Additional Federal Tax	$16,093,330
State Tax(3.15%)	$3,909,150
Net Lumpsum Payment	$74,313,520

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,515,300	-$1,630,991 -$142,232	$2,742,077
2	$4,741,200	-$1,714,574 -$149,348	$2,877,278
3	$4,978,200	-$1,802,264 -$156,813	$3,019,123
4	$5,227,200	-$1,894,394 -$164,657	$3,168,149
5	$5,488,500	-$1,991,075 -$172,888	$3,324,537
6	$5,763,000	-$2,092,640 -$181,535	$3,488,825
7	$6,051,000	-$2,199,200 -$190,607	$3,661,193
8	$6,353,700	-$2,311,199 -$200,142	$3,842,359
9	$6,671,400	-$2,428,748 -$210,149	$4,032,503
10	$7,005,000	-$2,552,180 -$220,658	$4,232,162
11	$7,355,100	-$2,681,717 -$231,686	$4,441,697
12	$7,722,900	-$2,817,803 -$243,271	$4,661,826
13	$8,109,000	-$2,960,660 -$255,434	$4,892,906
14	$8,514,600	-$3,110,732 -$268,210	$5,135,658
15	$8,940,300	-$3,268,241 -$281,619	$5,390,440
16	$9,387,300	-$3,433,631 -$295,700	$5,657,969
17	$9,856,500	-$3,607,235 -$310,480	$5,938,785
18	$10,349,400	-$3,789,608 -$326,006	$6,233,786
19	$10,866,900	-$3,981,083 -$342,307	$6,543,510
20	$11,410,200	-$4,182,104 -$359,421	$6,868,675
21	$11,980,800	-$4,393,226 -$377,395	$7,210,179
22	$12,579,900	-$4,614,893 -$396,267	$7,568,740
23	$13,208,700	-$4,847,549 -$416,074	$7,945,077
24	$13,869,300	-$5,091,971 -$436,883	$8,340,446
25	$14,562,600	-$5,348,492 -$458,722	$8,755,386
26	$15,291,000	-$5,618,000 -$481,667	$9,191,333
27	$16,055,400	-$5,900,828 -$505,745	$9,648,827
28	$16,858,200	-$6,197,864 -$531,033	$10,129,303
29	$17,701,200	-$6,509,774 -$557,588	$10,633,838
30	$18,586,200	-$6,837,224 -$585,465	$11,163,511