Indiana Lottery

INLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 1, 2025 is estimated to be $29 Million, with a cash option of 13.3 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 Tue Apr 1, 2025

Draw Date	Jackpot	Cash Option
Tue Apr 1, 2025	$29,000,000	$13,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$13,300,000
Federal Tax(24%)	$3,192,000
Additional Federal Tax	$1,689,330
State Tax(3.15%)	$418,950
Net Lumpsum Payment	$7,999,720

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$436,479	-$121,828 -$13,749	$300,902
2	$458,316	-$129,907 -$14,437	$313,972
3	$481,226	-$138,384 -$15,159	$327,683
4	$505,296	-$147,290 -$15,917	$342,089
5	$530,555	-$156,636 -$16,712	$357,207
6	$557,090	-$166,454 -$17,548	$373,088
7	$584,930	-$176,754 -$18,425	$389,751
8	$614,191	-$187,581 -$19,347	$407,263
9	$644,902	-$198,944 -$20,314	$425,644
10	$677,150	-$210,876 -$21,330	$444,944
11	$710,993	-$223,398 -$22,396	$465,199
12	$746,547	-$236,553 -$23,516	$486,478
13	$783,870	-$250,362 -$24,692	$508,816
14	$823,078	-$264,869 -$25,927	$532,282
15	$864,229	-$280,095 -$27,223	$556,911
16	$907,439	-$296,083 -$28,584	$582,772
17	$952,795	-$312,865 -$30,013	$609,917
18	$1,000,442	-$330,494 -$31,514	$638,434
19	$1,050,467	-$349,003 -$33,090	$668,374
20	$1,102,986	-$368,435 -$34,744	$699,807
21	$1,158,144	-$388,844 -$36,482	$732,818
22	$1,216,057	-$410,271 -$38,306	$767,480
23	$1,276,841	-$432,762 -$40,220	$803,859
24	$1,340,699	-$456,389 -$42,232	$842,078
25	$1,407,718	-$481,186 -$44,343	$882,189
26	$1,478,130	-$507,238 -$46,561	$924,331
27	$1,552,022	-$534,579 -$48,889	$968,554
28	$1,629,626	-$563,292 -$51,333	$1,015,001
29	$1,711,116	-$593,443 -$53,900	$1,063,773
30	$1,796,666	-$625,097 -$56,595	$1,114,974