Indiana Lottery

INLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 14, 2025 is estimated to be $600 Million, with a cash option of 277.2 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 Oct 14, 2025

Draw Date	Jackpot	Cash Option
Tue Oct 14, 2025	$600,000,000	$277,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$277,200,000
Federal Tax(24%)	$66,528,000
Additional Federal Tax	$35,996,330
State Tax(3.15%)	$8,731,800
Net Lumpsum Payment	$165,943,870

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,030,600	-$3,301,652 -$284,464	$5,444,484
2	$9,482,400	-$3,468,818 -$298,696	$5,714,886
3	$9,956,400	-$3,644,198 -$313,627	$5,998,575
4	$10,454,400	-$3,828,458 -$329,314	$6,296,628
5	$10,977,000	-$4,021,820 -$345,776	$6,609,404
6	$11,526,000	-$4,224,950 -$363,069	$6,937,981
7	$12,102,000	-$4,438,070 -$381,213	$7,282,717
8	$12,707,400	-$4,662,068 -$400,283	$7,645,049
9	$13,342,800	-$4,897,166 -$420,298	$8,025,336
10	$14,010,000	-$5,144,030 -$441,315	$8,424,655
11	$14,710,200	-$5,403,104 -$463,371	$8,843,725
12	$15,445,800	-$5,675,276 -$486,543	$9,283,981
13	$16,218,000	-$5,960,990 -$510,867	$9,746,143
14	$17,029,200	-$6,261,134 -$536,420	$10,231,646
15	$17,880,600	-$6,576,152 -$563,239	$10,741,209
16	$18,774,600	-$6,906,932 -$591,400	$11,276,268
17	$19,713,000	-$7,254,140 -$620,960	$11,837,900
18	$20,698,800	-$7,618,886 -$652,012	$12,427,902
19	$21,733,800	-$8,001,836 -$684,615	$13,047,349
20	$22,820,400	-$8,403,878 -$718,843	$13,697,679
21	$23,961,600	-$8,826,122 -$754,790	$14,380,688
22	$25,159,800	-$9,269,456 -$792,534	$15,097,810
23	$26,417,400	-$9,734,768 -$832,148	$15,850,484
24	$27,738,600	-$10,223,612 -$873,766	$16,641,222
25	$29,125,200	-$10,736,654 -$917,444	$17,471,102
26	$30,582,000	-$11,275,670 -$963,333	$18,342,997
27	$32,110,800	-$11,841,326 -$1,011,490	$19,257,984
28	$33,716,400	-$12,435,398 -$1,062,067	$20,218,935
29	$35,402,400	-$13,059,218 -$1,115,176	$21,228,006
30	$37,172,400	-$13,714,118 -$1,170,931	$22,287,351