Indiana Lottery

INLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jan 6, 2026 is estimated to be $180 Million, with a cash option of 81.9 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 Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Indiana MEGA Millions Jackpot/Cash Option for Tue Jan 6, 2026

Draw Date	Jackpot	Cash Option
Tue Jan 6, 2026	$180,000,000	$81,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$81,900,000
Federal Tax(24%)	$19,656,000
Additional Federal Tax	$10,607,330
State Tax(3.15%)	$2,579,850
Net Lumpsum Payment	$49,056,820

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,709,180	-$962,727 -$85,339	$1,661,114
2	$2,844,720	-$1,012,877 -$89,609	$1,742,234
3	$2,986,920	-$1,065,491 -$94,088	$1,827,341
4	$3,136,320	-$1,120,769 -$98,794	$1,916,757
5	$3,293,100	-$1,178,777 -$103,733	$2,010,590
6	$3,457,800	-$1,239,716 -$108,921	$2,109,163
7	$3,630,600	-$1,303,652 -$114,364	$2,212,584
8	$3,812,220	-$1,370,852 -$120,085	$2,321,283
9	$4,002,840	-$1,441,381 -$126,089	$2,435,370
10	$4,203,000	-$1,515,440 -$132,395	$2,555,165
11	$4,413,060	-$1,593,163 -$139,011	$2,680,886
12	$4,633,740	-$1,674,814 -$145,963	$2,812,963
13	$4,865,400	-$1,760,528 -$153,260	$2,951,612
14	$5,108,760	-$1,850,572 -$160,926	$3,097,262
15	$5,364,180	-$1,945,077 -$168,972	$3,250,131
16	$5,632,380	-$2,044,311 -$177,420	$3,410,649
17	$5,913,900	-$2,148,473 -$186,288	$3,579,139
18	$6,209,640	-$2,257,897 -$195,604	$3,756,139
19	$6,520,140	-$2,372,782 -$205,384	$3,941,974
20	$6,846,120	-$2,493,395 -$215,653	$4,137,072
21	$7,188,480	-$2,620,068 -$226,437	$4,341,975
22	$7,547,940	-$2,753,068 -$237,760	$4,557,112
23	$7,925,220	-$2,892,662 -$249,644	$4,782,914
24	$8,321,580	-$3,039,315 -$262,130	$5,020,135
25	$8,737,560	-$3,193,228 -$275,233	$5,269,099
26	$9,174,600	-$3,354,932 -$289,000	$5,530,668
27	$9,633,240	-$3,524,629 -$303,447	$5,805,164
28	$10,114,920	-$3,702,851 -$318,620	$6,093,449
29	$10,620,720	-$3,889,997 -$334,553	$6,396,170
30	$11,151,720	-$4,086,467 -$351,279	$6,713,974