Indiana Lottery

INLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Sep 5, 2025 is estimated to be $336 Million, with a cash option of 151.3 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 Sep 5, 2025

Draw Date	Jackpot	Cash Option
Fri Sep 5, 2025	$336,000,000	$151,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$151,300,000
Federal Tax(24%)	$36,312,000
Additional Federal Tax	$19,629,330
State Tax(3.15%)	$4,765,950
Net Lumpsum Payment	$90,592,720

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,057,136	-$1,831,471 -$159,300	$3,066,365
2	$5,310,144	-$1,925,084 -$167,270	$3,217,790
3	$5,575,584	-$2,023,296 -$175,631	$3,376,657
4	$5,854,464	-$2,126,482 -$184,416	$3,543,566
5	$6,147,120	-$2,234,765 -$193,634	$3,718,721
6	$6,454,560	-$2,348,518 -$203,319	$3,902,723
7	$6,777,120	-$2,467,865 -$213,479	$4,095,776
8	$7,116,144	-$2,593,304 -$224,159	$4,298,681
9	$7,471,968	-$2,724,959 -$235,367	$4,511,642
10	$7,845,600	-$2,863,202 -$247,136	$4,735,262
11	$8,237,712	-$3,008,284 -$259,488	$4,969,940
12	$8,649,648	-$3,160,700 -$272,464	$5,216,484
13	$9,082,080	-$3,320,700 -$286,086	$5,475,294
14	$9,536,352	-$3,488,781 -$300,395	$5,747,176
15	$10,013,136	-$3,665,191 -$315,414	$6,032,531
16	$10,513,776	-$3,850,428 -$331,184	$6,332,164
17	$11,039,280	-$4,044,864 -$347,737	$6,646,679
18	$11,591,328	-$4,249,122 -$365,127	$6,977,079
19	$12,170,928	-$4,463,574 -$383,384	$7,323,970
20	$12,779,424	-$4,688,717 -$402,552	$7,688,155
21	$13,418,496	-$4,925,174 -$422,683	$8,070,639
22	$14,089,488	-$5,173,441 -$443,819	$8,472,228
23	$14,793,744	-$5,434,016 -$466,003	$8,893,725
24	$15,533,616	-$5,707,768 -$489,309	$9,336,539
25	$16,310,112	-$5,995,072 -$513,769	$9,801,271
26	$17,125,920	-$6,296,921 -$539,466	$10,289,533
27	$17,982,048	-$6,613,688 -$566,435	$10,801,925
28	$18,881,184	-$6,946,368 -$594,757	$11,340,059
29	$19,825,344	-$7,295,708 -$624,498	$11,905,138
30	$20,816,544	-$7,662,452 -$655,721	$12,498,371