Indiana Lottery

INLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Nov 4, 2025 is estimated to be $800 Million, with a cash option of 371.7 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 Nov 4, 2025

Draw Date	Jackpot	Cash Option
Tue Nov 4, 2025	$800,000,000	$371,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$371,700,000
Federal Tax(24%)	$89,208,000
Additional Federal Tax	$48,281,330
State Tax(3.15%)	$11,708,550
Net Lumpsum Payment	$222,502,120

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$12,040,800	-$4,415,426 -$379,285	$7,246,089
2	$12,643,200	-$4,638,314 -$398,261	$7,606,625
3	$13,275,200	-$4,872,154 -$418,169	$7,984,877
4	$13,939,200	-$5,117,834 -$439,085	$8,382,281
5	$14,636,000	-$5,375,650 -$461,034	$8,799,316
6	$15,368,000	-$5,646,490 -$484,092	$9,237,418
7	$16,136,000	-$5,930,650 -$508,284	$9,697,066
8	$16,943,200	-$6,229,314 -$533,711	$10,180,175
9	$17,790,400	-$6,542,778 -$560,398	$10,687,224
10	$18,680,000	-$6,871,930 -$588,420	$11,219,650
11	$19,613,600	-$7,217,362 -$617,828	$11,778,410
12	$20,594,400	-$7,580,258 -$648,724	$12,365,418
13	$21,624,000	-$7,961,210 -$681,156	$12,981,634
14	$22,705,600	-$8,361,402 -$715,226	$13,628,972
15	$23,840,800	-$8,781,426 -$750,985	$14,308,389
16	$25,032,800	-$9,222,466 -$788,533	$15,021,801
17	$26,284,000	-$9,685,410 -$827,946	$15,770,644
18	$27,598,400	-$10,171,738 -$869,350	$16,557,312
19	$28,978,400	-$10,682,338 -$912,820	$17,383,242
20	$30,427,200	-$11,218,394 -$958,457	$18,250,349
21	$31,948,800	-$11,781,386 -$1,006,387	$19,161,027
22	$33,546,400	-$12,372,498 -$1,056,712	$20,117,190
23	$35,223,200	-$12,992,914 -$1,109,531	$21,120,755
24	$36,984,800	-$13,644,706 -$1,165,021	$22,175,073
25	$38,833,600	-$14,328,762 -$1,223,258	$23,281,580
26	$40,776,000	-$15,047,450 -$1,284,444	$24,444,106
27	$42,814,400	-$15,801,658 -$1,348,654	$25,664,088
28	$44,955,200	-$16,593,754 -$1,416,089	$26,945,357
29	$47,203,200	-$17,425,514 -$1,486,901	$28,290,785
30	$49,563,200	-$18,298,714 -$1,561,241	$29,703,245