Indiana Lottery

INLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 17, 2025 is estimated to be $280 Million, with a cash option of 126.1 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 Jun 17, 2025

Draw Date	Jackpot	Cash Option
Tue Jun 17, 2025	$280,000,000	$126,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$126,100,000
Federal Tax(24%)	$30,264,000
Additional Federal Tax	$16,353,330
State Tax(3.15%)	$3,972,150
Net Lumpsum Payment	$75,510,520

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,214,280	-$1,519,614 -$132,750	$2,561,916
2	$4,425,120	-$1,597,625 -$139,391	$2,688,104
3	$4,646,320	-$1,679,469 -$146,359	$2,820,492
4	$4,878,720	-$1,765,457 -$153,680	$2,959,583
5	$5,122,600	-$1,855,692 -$161,362	$3,105,546
6	$5,378,800	-$1,950,486 -$169,432	$3,258,882
7	$5,647,600	-$2,049,942 -$177,899	$3,419,759
8	$5,930,120	-$2,154,475 -$186,799	$3,588,846
9	$6,226,640	-$2,264,187 -$196,139	$3,766,314
10	$6,538,000	-$2,379,390 -$205,947	$3,952,663
11	$6,864,760	-$2,500,292 -$216,240	$4,148,228
12	$7,208,040	-$2,627,305 -$227,053	$4,353,682
13	$7,568,400	-$2,760,638 -$238,405	$4,569,357
14	$7,946,960	-$2,900,706 -$250,329	$4,795,925
15	$8,344,280	-$3,047,714 -$262,845	$5,033,721
16	$8,761,480	-$3,202,078 -$275,987	$5,283,415
17	$9,199,400	-$3,364,108 -$289,781	$5,545,511
18	$9,659,440	-$3,534,323 -$304,272	$5,820,845
19	$10,142,440	-$3,713,033 -$319,487	$6,109,920
20	$10,649,520	-$3,900,653 -$335,460	$6,413,407
21	$11,182,080	-$4,097,700 -$352,236	$6,732,144
22	$11,741,240	-$4,304,589 -$369,849	$7,066,802
23	$12,328,120	-$4,521,735 -$388,336	$7,418,049
24	$12,944,680	-$4,749,862 -$407,757	$7,787,061
25	$13,591,760	-$4,989,282 -$428,140	$8,174,338
26	$14,271,600	-$5,240,822 -$449,555	$8,581,223
27	$14,985,040	-$5,504,795 -$472,029	$9,008,216
28	$15,734,320	-$5,782,029 -$495,631	$9,456,660
29	$16,521,120	-$6,073,145 -$520,415	$9,927,560
30	$17,347,120	-$6,378,765 -$546,434	$10,421,921