Indiana Lottery

INLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 2, 2026 is estimated to be $346 Million, with a cash option of 153.8 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 Jun 2, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 2, 2026	$346,000,000	$153,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$153,800,000
Federal Tax(24%)	$36,912,000
Additional Federal Tax	$19,954,330
State Tax(3.15%)	$4,844,700
Net Lumpsum Payment	$92,088,970

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,207,646	-$1,887,159 -$164,041	$3,156,446
2	$5,468,184	-$1,983,558 -$172,248	$3,312,378
3	$5,741,524	-$2,084,694 -$180,858	$3,475,972
4	$6,028,704	-$2,190,951 -$189,904	$3,647,849
5	$6,330,070	-$2,302,456 -$199,397	$3,828,217
6	$6,646,660	-$2,419,595 -$209,370	$4,017,695
7	$6,978,820	-$2,542,494 -$219,833	$4,216,493
8	$7,327,934	-$2,671,666 -$230,830	$4,425,438
9	$7,694,348	-$2,807,239 -$242,372	$4,644,737
10	$8,079,100	-$2,949,597 -$254,492	$4,875,011
11	$8,482,882	-$3,098,997 -$267,211	$5,116,674
12	$8,907,078	-$3,255,949 -$280,573	$5,370,556
13	$9,352,380	-$3,420,711 -$294,600	$5,637,069
14	$9,820,172	-$3,593,794 -$309,335	$5,917,043
15	$10,311,146	-$3,775,454 -$324,801	$6,210,891
16	$10,826,686	-$3,966,204 -$341,041	$6,519,441
17	$11,367,830	-$4,166,427 -$358,087	$6,843,316
18	$11,936,308	-$4,376,764 -$375,994	$7,183,550
19	$12,533,158	-$4,597,599 -$394,794	$7,540,765
20	$13,159,764	-$4,829,443 -$414,533	$7,915,788
21	$13,817,856	-$5,072,937 -$435,262	$8,309,657
22	$14,508,818	-$5,328,593 -$457,028	$8,723,197
23	$15,234,034	-$5,596,923 -$479,872	$9,157,239
24	$15,995,926	-$5,878,823 -$503,872	$9,613,231
25	$16,795,532	-$6,174,677 -$529,059	$10,091,796
26	$17,635,620	-$6,485,510 -$555,522	$10,594,588
27	$18,517,228	-$6,811,705 -$583,293	$11,122,230
28	$19,443,124	-$7,154,286 -$612,458	$11,676,380
29	$20,415,384	-$7,514,022 -$643,085	$12,258,277
30	$21,436,084	-$7,891,681 -$675,237	$12,869,166