Indiana Lottery

INLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Oct 10, 2025 is estimated to be $575 Million, with a cash option of 264.6 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 Oct 10, 2025

Draw Date	Jackpot	Cash Option
Fri Oct 10, 2025	$575,000,000	$264,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$264,600,000
Federal Tax(24%)	$63,504,000
Additional Federal Tax	$34,358,330
State Tax(3.15%)	$8,334,900
Net Lumpsum Payment	$158,402,770

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,654,325	-$3,162,431 -$272,611	$5,219,283
2	$9,087,300	-$3,322,631 -$286,250	$5,478,419
3	$9,541,550	-$3,490,704 -$300,559	$5,750,287
4	$10,018,800	-$3,667,286 -$315,592	$6,035,922
5	$10,519,625	-$3,852,592 -$331,368	$6,335,665
6	$11,045,750	-$4,047,258 -$347,941	$6,650,551
7	$11,597,750	-$4,251,498 -$365,329	$6,980,923
8	$12,177,925	-$4,466,163 -$383,605	$7,328,157
9	$12,786,850	-$4,691,465 -$402,786	$7,692,599
10	$13,426,250	-$4,928,043 -$422,927	$8,075,280
11	$14,097,275	-$5,176,322 -$444,064	$8,476,889
12	$14,802,225	-$5,437,154 -$466,270	$8,898,801
13	$15,542,250	-$5,710,963 -$489,581	$9,341,706
14	$16,319,650	-$5,998,601 -$514,069	$9,806,980
15	$17,135,575	-$6,300,493 -$539,771	$10,295,311
16	$17,992,325	-$6,617,491 -$566,758	$10,808,076
17	$18,891,625	-$6,950,232 -$595,086	$11,346,307
18	$19,836,350	-$7,299,780 -$624,845	$11,911,725
19	$20,828,225	-$7,666,774 -$656,089	$12,505,362
20	$21,869,550	-$8,052,064 -$688,891	$13,128,595
21	$22,963,200	-$8,456,714 -$723,341	$13,783,145
22	$24,111,475	-$8,881,576 -$759,511	$14,470,388
23	$25,316,675	-$9,327,500 -$797,475	$15,191,700
24	$26,582,825	-$9,795,976 -$837,359	$15,949,490
25	$27,911,650	-$10,287,641 -$879,217	$16,744,792
26	$29,307,750	-$10,804,198 -$923,194	$17,580,358
27	$30,772,850	-$11,346,285 -$969,345	$18,457,220
28	$32,311,550	-$11,915,604 -$1,017,814	$19,378,132
29	$33,927,300	-$12,513,431 -$1,068,710	$20,345,159
30	$35,623,550	-$13,141,044 -$1,122,142	$21,360,364