Indiana Lottery

INLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Mar 17, 2026 is estimated to be $60 Million, with a cash option of 27.1 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 Mar 17, 2026

Draw Date	Jackpot	Cash Option
Tue Mar 17, 2026	$60,000,000	$27,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$27,100,000
Federal Tax(24%)	$6,504,000
Additional Federal Tax	$3,483,330
State Tax(3.15%)	$853,650
Net Lumpsum Payment	$16,259,020

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$903,060	-$294,463 -$28,446	$580,151
2	$948,240	-$311,179 -$29,870	$607,191
3	$995,640	-$328,717 -$31,363	$635,560
4	$1,045,440	-$347,143 -$32,931	$665,366
5	$1,097,700	-$366,479 -$34,578	$696,643
6	$1,152,600	-$386,792 -$36,307	$729,501
7	$1,210,200	-$408,104 -$38,121	$763,975
8	$1,270,740	-$430,504 -$40,028	$800,208
9	$1,334,280	-$454,014 -$42,030	$838,236
10	$1,401,000	-$478,700 -$44,132	$878,168
11	$1,471,020	-$504,608 -$46,337	$920,075
12	$1,544,580	-$531,825 -$48,654	$964,101
13	$1,621,800	-$560,396 -$51,087	$1,010,317
14	$1,702,920	-$590,411 -$53,642	$1,058,867
15	$1,788,060	-$621,913 -$56,324	$1,109,823
16	$1,877,460	-$654,991 -$59,140	$1,163,329
17	$1,971,300	-$689,711 -$62,096	$1,219,493
18	$2,069,880	-$726,186 -$65,201	$1,278,493
19	$2,173,380	-$764,481 -$68,461	$1,340,438
20	$2,282,040	-$804,685 -$71,884	$1,405,471
21	$2,396,160	-$846,910 -$75,479	$1,473,771
22	$2,515,980	-$891,243 -$79,253	$1,545,484
23	$2,641,740	-$937,774 -$83,215	$1,620,751
24	$2,773,860	-$986,659 -$87,377	$1,699,824
25	$2,912,520	-$1,037,963 -$91,744	$1,782,813
26	$3,058,200	-$1,091,864 -$96,333	$1,870,003
27	$3,211,080	-$1,148,430 -$101,149	$1,961,501
28	$3,371,640	-$1,207,837 -$106,207	$2,057,596
29	$3,540,240	-$1,270,219 -$111,518	$2,158,503
30	$3,717,240	-$1,335,709 -$117,093	$2,264,438