Indiana Lottery

INLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jul 24, 2026 is estimated to be $743 Million, with a cash option of 323.4 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 Jul 24, 2026

Draw Date	Jackpot	Cash Option
Fri Jul 24, 2026	$743,000,000	$323,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$323,400,000
Federal Tax(24%)	$77,616,000
Additional Federal Tax	$42,002,330
State Tax(3.15%)	$10,187,100
Net Lumpsum Payment	$193,594,570

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$11,182,893	-$4,098,001 -$352,261	$6,732,631
2	$11,742,372	-$4,305,008 -$369,885	$7,067,479
3	$12,329,342	-$4,522,187 -$388,374	$7,418,781
4	$12,946,032	-$4,750,362 -$407,800	$7,787,870
5	$13,593,185	-$4,989,809 -$428,185	$8,175,191
6	$14,273,030	-$5,241,351 -$449,600	$8,582,079
7	$14,986,310	-$5,505,265 -$472,069	$9,008,976
8	$15,735,997	-$5,782,649 -$495,684	$9,457,664
9	$16,522,834	-$6,073,779 -$520,469	$9,928,586
10	$17,349,050	-$6,379,479 -$546,495	$10,423,076
11	$18,216,131	-$6,700,299 -$573,808	$10,942,024
12	$19,127,049	-$7,037,339 -$602,502	$11,487,208
13	$20,083,290	-$7,391,148 -$632,624	$12,059,518
14	$21,087,826	-$7,762,826 -$664,267	$12,660,733
15	$22,142,143	-$8,152,923 -$697,478	$13,291,742
16	$23,249,213	-$8,562,539 -$732,350	$13,954,324
17	$24,411,265	-$8,992,498 -$768,955	$14,649,812
18	$25,632,014	-$9,444,176 -$807,408	$15,380,430
19	$26,913,689	-$9,918,395 -$847,781	$16,147,513
20	$28,259,262	-$10,416,257 -$890,167	$16,952,838
21	$29,672,448	-$10,939,136 -$934,682	$17,798,630
22	$31,156,219	-$11,488,131 -$981,421	$18,686,667
23	$32,713,547	-$12,064,343 -$1,030,477	$19,618,727
24	$34,349,633	-$12,669,695 -$1,082,013	$20,597,925
25	$36,066,706	-$13,305,012 -$1,136,101	$21,625,593
26	$37,870,710	-$13,972,493 -$1,192,927	$22,705,290
27	$39,763,874	-$14,672,964 -$1,252,562	$23,838,348
28	$41,752,142	-$15,408,623 -$1,315,192	$25,028,327
29	$43,839,972	-$16,181,120 -$1,380,959	$26,277,893
30	$46,031,822	-$16,992,105 -$1,450,002	$27,589,715