Indiana Lottery

INLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Dec 16, 2025 is estimated to be $80 Million, with a cash option of 36.2 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 Dec 16, 2025

Draw Date	Jackpot	Cash Option
Tue Dec 16, 2025	$80,000,000	$36,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$36,200,000
Federal Tax(24%)	$8,688,000
Additional Federal Tax	$4,666,330
State Tax(3.15%)	$1,140,300
Net Lumpsum Payment	$21,705,370

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,204,080	-$405,840 -$37,929	$760,311
2	$1,264,320	-$428,129 -$39,826	$796,365
3	$1,327,520	-$451,513 -$41,817	$834,190
4	$1,393,920	-$476,081 -$43,908	$873,931
5	$1,463,600	-$501,862 -$46,103	$915,635
6	$1,536,800	-$528,946 -$48,409	$959,445
7	$1,613,600	-$557,362 -$50,828	$1,005,410
8	$1,694,320	-$587,229 -$53,371	$1,053,720
9	$1,779,040	-$618,575 -$56,040	$1,104,425
10	$1,868,000	-$651,490 -$58,842	$1,157,668
11	$1,961,360	-$686,034 -$61,783	$1,213,543
12	$2,059,440	-$722,323 -$64,872	$1,272,245
13	$2,162,400	-$760,418 -$68,116	$1,333,866
14	$2,270,560	-$800,438 -$71,523	$1,398,599
15	$2,384,080	-$842,440 -$75,099	$1,466,541
16	$2,503,280	-$886,544 -$78,853	$1,537,883
17	$2,628,400	-$932,838 -$82,795	$1,612,767
18	$2,759,840	-$981,471 -$86,935	$1,691,434
19	$2,897,840	-$1,032,531 -$91,282	$1,774,027
20	$3,042,720	-$1,086,137 -$95,846	$1,860,737
21	$3,194,880	-$1,142,436 -$100,639	$1,951,805
22	$3,354,640	-$1,201,547 -$105,671	$2,047,422
23	$3,522,320	-$1,263,589 -$110,953	$2,147,778
24	$3,698,480	-$1,328,768 -$116,502	$2,253,210
25	$3,883,360	-$1,397,174 -$122,326	$2,363,860
26	$4,077,600	-$1,469,042 -$128,444	$2,480,114
27	$4,281,440	-$1,544,463 -$134,865	$2,602,112
28	$4,495,520	-$1,623,673 -$141,609	$2,730,238
29	$4,720,320	-$1,706,849 -$148,690	$2,864,781
30	$4,956,320	-$1,794,169 -$156,124	$3,006,027