Indiana Lottery

INLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Feb 25, 2025 is estimated to be $181 Million, with a cash option of 82.7 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 Feb 25, 2025

Draw Date	Jackpot	Cash Option
Tue Feb 25, 2025	$181,000,000	$82,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$82,700,000
Federal Tax(24%)	$19,848,000
Additional Federal Tax	$10,711,330
State Tax(3.15%)	$2,605,050
Net Lumpsum Payment	$49,535,620

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,724,231	-$968,296 -$85,813	$1,670,122
2	$2,860,524	-$1,018,724 -$90,107	$1,751,693
3	$3,003,514	-$1,071,631 -$94,611	$1,837,272
4	$3,153,744	-$1,127,216 -$99,343	$1,927,185
5	$3,311,395	-$1,185,547 -$104,309	$2,021,539
6	$3,477,010	-$1,246,824 -$109,526	$2,120,660
7	$3,650,770	-$1,311,115 -$114,999	$2,224,656
8	$3,833,399	-$1,378,688 -$120,752	$2,333,959
9	$4,025,078	-$1,449,609 -$126,790	$2,448,679
10	$4,226,350	-$1,524,080 -$133,130	$2,569,140
11	$4,437,577	-$1,602,234 -$139,784	$2,695,559
12	$4,659,483	-$1,684,339 -$146,774	$2,828,370
13	$4,892,430	-$1,770,529 -$154,112	$2,967,789
14	$5,137,142	-$1,861,073 -$161,820	$3,114,249
15	$5,393,981	-$1,956,103 -$169,910	$3,267,968
16	$5,663,671	-$2,055,889 -$178,406	$3,429,376
17	$5,946,755	-$2,160,630 -$187,323	$3,598,802
18	$6,244,138	-$2,270,661 -$196,690	$3,776,787
19	$6,556,363	-$2,386,185 -$206,525	$3,963,653
20	$6,884,154	-$2,507,467 -$216,851	$4,159,836
21	$7,228,416	-$2,634,844 -$227,695	$4,365,877
22	$7,589,873	-$2,768,583 -$239,081	$4,582,209
23	$7,969,249	-$2,908,953 -$251,031	$4,809,265
24	$8,367,811	-$3,056,420 -$263,586	$5,047,805
25	$8,786,102	-$3,211,188 -$276,762	$5,298,152
26	$9,225,570	-$3,373,791 -$290,605	$5,561,174
27	$9,686,758	-$3,544,431 -$305,133	$5,837,194
28	$10,171,114	-$3,723,643 -$320,390	$6,127,081
29	$10,679,724	-$3,911,828 -$336,411	$6,431,485
30	$11,213,674	-$4,109,390 -$353,231	$6,751,053