Indiana Lottery

INLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 2, 2025 is estimated to be $302 Million, with a cash option of 136 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 Sep 2, 2025

Draw Date	Jackpot	Cash Option
Tue Sep 2, 2025	$302,000,000	$136,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$136,000,000
Federal Tax(24%)	$32,640,000
Additional Federal Tax	$17,640,330
State Tax(3.15%)	$4,284,000
Net Lumpsum Payment	$81,435,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,545,402	-$1,642,129 -$143,180	$2,760,093
2	$4,772,808	-$1,726,269 -$150,343	$2,896,196
3	$5,011,388	-$1,814,544 -$157,859	$3,038,985
4	$5,262,048	-$1,907,288 -$165,755	$3,189,005
5	$5,525,090	-$2,004,614 -$174,040	$3,346,436
6	$5,801,420	-$2,106,856 -$182,745	$3,511,819
7	$6,091,340	-$2,214,126 -$191,877	$3,685,337
8	$6,396,058	-$2,326,872 -$201,476	$3,867,710
9	$6,715,876	-$2,445,205 -$211,550	$4,059,121
10	$7,051,700	-$2,569,459 -$222,129	$4,260,112
11	$7,404,134	-$2,699,860 -$233,230	$4,471,044
12	$7,774,386	-$2,836,853 -$244,893	$4,692,640
13	$8,163,060	-$2,980,663 -$257,136	$4,925,261
14	$8,571,364	-$3,131,735 -$269,998	$5,169,631
15	$8,999,902	-$3,290,294 -$283,497	$5,426,111
16	$9,449,882	-$3,456,787 -$297,671	$5,695,424
17	$9,922,210	-$3,631,548 -$312,550	$5,978,112
18	$10,418,396	-$3,815,137 -$328,179	$6,275,080
19	$10,939,346	-$4,007,888 -$344,589	$6,586,869
20	$11,486,268	-$4,210,250 -$361,817	$6,914,201
21	$12,060,672	-$4,422,779 -$379,911	$7,257,982
22	$12,663,766	-$4,645,924 -$398,909	$7,618,933
23	$13,296,758	-$4,880,131 -$418,848	$7,997,779
24	$13,961,762	-$5,126,182 -$439,796	$8,395,784
25	$14,659,684	-$5,384,413 -$461,780	$8,813,491
26	$15,392,940	-$5,655,718 -$484,878	$9,252,344
27	$16,162,436	-$5,940,432 -$509,117	$9,712,887
28	$16,970,588	-$6,239,448 -$534,574	$10,196,566
29	$17,819,208	-$6,553,437 -$561,305	$10,704,466
30	$18,710,108	-$6,883,070 -$589,368	$11,237,670