Indiana Lottery

INLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Feb 24, 2026 is estimated to be $438 Million, with a cash option of 203.1 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 Feb 24, 2026

Draw Date	Jackpot	Cash Option
Tue Feb 24, 2026	$438,000,000	$203,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$203,100,000
Federal Tax(24%)	$48,744,000
Additional Federal Tax	$26,363,330
State Tax(3.15%)	$6,397,650
Net Lumpsum Payment	$121,595,020

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,592,338	-$2,399,495 -$207,659	$3,985,184
2	$6,922,152	-$2,521,527 -$218,048	$4,182,577
3	$7,268,172	-$2,649,554 -$228,947	$4,389,671
4	$7,631,712	-$2,784,064 -$240,399	$4,607,249
5	$8,013,210	-$2,925,218 -$252,416	$4,835,576
6	$8,413,980	-$3,073,503 -$265,040	$5,075,437
7	$8,834,460	-$3,229,081 -$278,285	$5,327,094
8	$9,276,402	-$3,392,599 -$292,207	$5,591,596
9	$9,740,244	-$3,564,221 -$306,818	$5,869,205
10	$10,227,300	-$3,744,431 -$322,160	$6,160,709
11	$10,738,446	-$3,933,555 -$338,261	$6,466,630
12	$11,275,434	-$4,132,241 -$355,176	$6,788,017
13	$11,839,140	-$4,340,812 -$372,933	$7,125,395
14	$12,431,316	-$4,559,917 -$391,586	$7,479,813
15	$13,052,838	-$4,789,880 -$411,164	$7,851,794
16	$13,705,458	-$5,031,350 -$431,722	$8,242,386
17	$14,390,490	-$5,284,812 -$453,300	$8,652,378
18	$15,110,124	-$5,551,076 -$475,969	$9,083,079
19	$15,865,674	-$5,830,630 -$499,769	$9,535,275
20	$16,658,892	-$6,124,120 -$524,755	$10,010,017
21	$17,491,968	-$6,432,359 -$550,997	$10,508,612
22	$18,366,654	-$6,755,992 -$578,550	$11,032,112
23	$19,284,702	-$7,095,670 -$607,468	$11,581,564
24	$20,249,178	-$7,452,526 -$637,849	$12,158,803
25	$21,261,396	-$7,827,047 -$669,734	$12,764,615
26	$22,324,860	-$8,220,529 -$703,233	$13,401,098
27	$23,440,884	-$8,633,457 -$738,388	$14,069,039
28	$24,612,972	-$9,067,130 -$775,309	$14,770,533
29	$25,843,752	-$9,522,519 -$814,078	$15,507,155
30	$27,135,852	-$10,000,596 -$854,779	$16,280,477