Indiana Lottery

INLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri May 22, 2026 is estimated to be $296 Million, with a cash option of 128.6 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 May 22, 2026

Draw Date	Jackpot	Cash Option
Fri May 22, 2026	$296,000,000	$128,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$128,600,000
Federal Tax(24%)	$30,864,000
Additional Federal Tax	$16,678,330
State Tax(3.15%)	$4,050,900
Net Lumpsum Payment	$77,006,770

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,455,096	-$1,608,716 -$140,336	$2,706,044
2	$4,677,984	-$1,691,184 -$147,356	$2,839,444
3	$4,911,824	-$1,777,705 -$154,722	$2,979,397
4	$5,157,504	-$1,868,607 -$162,461	$3,126,436
5	$5,415,320	-$1,963,999 -$170,583	$3,280,738
6	$5,686,160	-$2,064,210 -$179,114	$3,442,836
7	$5,970,320	-$2,169,349 -$188,065	$3,612,906
8	$6,268,984	-$2,279,854 -$197,473	$3,791,657
9	$6,582,448	-$2,395,836 -$207,347	$3,979,265
10	$6,911,600	-$2,517,622 -$217,715	$4,176,263
11	$7,257,032	-$2,645,432 -$228,597	$4,383,003
12	$7,619,928	-$2,779,704 -$240,028	$4,600,196
13	$8,000,880	-$2,920,656 -$252,028	$4,828,196
14	$8,401,072	-$3,068,727 -$264,634	$5,067,711
15	$8,821,096	-$3,224,136 -$277,865	$5,319,095
16	$9,262,136	-$3,387,321 -$291,757	$5,583,058
17	$9,725,080	-$3,558,610 -$306,340	$5,860,130
18	$10,211,408	-$3,738,551 -$321,659	$6,151,198
19	$10,722,008	-$3,927,473 -$337,743	$6,456,792
20	$11,258,064	-$4,125,814 -$354,629	$6,777,621
21	$11,821,056	-$4,334,121 -$372,363	$7,114,572
22	$12,412,168	-$4,552,833 -$390,983	$7,468,352
23	$13,032,584	-$4,782,386 -$410,526	$7,839,672
24	$13,684,376	-$5,023,550 -$431,058	$8,229,768
25	$14,368,432	-$5,276,650 -$452,606	$8,639,176
26	$15,087,120	-$5,542,565 -$475,244	$9,069,311
27	$15,841,328	-$5,821,622 -$499,002	$9,520,704
28	$16,633,424	-$6,114,697 -$523,953	$9,994,774
29	$17,465,184	-$6,422,448 -$550,153	$10,492,583
30	$18,338,384	-$6,745,532 -$577,659	$11,015,193