Indiana Lottery

INLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue May 27, 2025 is estimated to be $173 Million, with a cash option of 75.7 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 Tue May 27, 2025

Draw Date	Jackpot	Cash Option
Tue May 27, 2025	$173,000,000	$75,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$75,700,000
Federal Tax(24%)	$18,168,000
Additional Federal Tax	$9,801,330
State Tax(3.15%)	$2,384,550
Net Lumpsum Payment	$45,346,120

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,603,823	-$923,745 -$82,020	$1,598,058
2	$2,734,092	-$971,944 -$86,124	$1,676,024
3	$2,870,762	-$1,022,512 -$90,429	$1,757,821
4	$3,014,352	-$1,075,641 -$94,952	$1,843,759
5	$3,165,035	-$1,131,393 -$99,699	$1,933,943
6	$3,323,330	-$1,189,962 -$104,685	$2,028,683
7	$3,489,410	-$1,251,412 -$109,916	$2,128,082
8	$3,663,967	-$1,315,998 -$115,415	$2,232,554
9	$3,847,174	-$1,383,785 -$121,186	$2,342,203
10	$4,039,550	-$1,454,964 -$127,246	$2,457,340
11	$4,241,441	-$1,529,664 -$133,605	$2,578,172
12	$4,453,539	-$1,608,140 -$140,286	$2,705,113
13	$4,676,190	-$1,690,521 -$147,300	$2,838,369
14	$4,910,086	-$1,777,062 -$154,668	$2,978,356
15	$5,155,573	-$1,867,892 -$162,401	$3,125,280
16	$5,413,343	-$1,963,267 -$170,520	$3,279,556
17	$5,683,915	-$2,063,379 -$179,043	$3,441,493
18	$5,968,154	-$2,168,547 -$187,997	$3,611,610
19	$6,266,579	-$2,278,965 -$197,397	$3,790,217
20	$6,579,882	-$2,394,887 -$207,266	$3,977,729
21	$6,908,928	-$2,516,634 -$217,631	$4,174,663
22	$7,254,409	-$2,644,462 -$228,514	$4,381,433
23	$7,617,017	-$2,778,627 -$239,936	$4,598,454
24	$7,997,963	-$2,919,577 -$251,936	$4,826,450
25	$8,397,766	-$3,067,504 -$264,530	$5,065,732
26	$8,817,810	-$3,222,920 -$277,761	$5,317,129
27	$9,258,614	-$3,386,018 -$291,646	$5,580,950
28	$9,721,562	-$3,557,308 -$306,229	$5,858,025
29	$10,207,692	-$3,737,176 -$321,542	$6,148,974
30	$10,718,042	-$3,926,006 -$337,618	$6,454,418