Indiana Lottery

INLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 5, 2025 is estimated to be $150 Million, with a cash option of 67.9 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 Aug 5, 2025

Draw Date	Jackpot	Cash Option
Tue Aug 5, 2025	$150,000,000	$67,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$67,900,000
Federal Tax(24%)	$16,296,000
Additional Federal Tax	$8,787,330
State Tax(3.15%)	$2,138,850
Net Lumpsum Payment	$40,677,820

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,257,650	-$795,661 -$71,116	$1,390,873
2	$2,370,600	-$837,452 -$74,674	$1,458,474
3	$2,489,100	-$881,297 -$78,407	$1,529,396
4	$2,613,600	-$927,362 -$82,328	$1,603,910
5	$2,744,250	-$975,703 -$86,444	$1,682,103
6	$2,881,500	-$1,026,485 -$90,767	$1,764,248
7	$3,025,500	-$1,079,765 -$95,303	$1,850,432
8	$3,176,850	-$1,135,765 -$100,071	$1,941,014
9	$3,335,700	-$1,194,539 -$105,075	$2,036,086
10	$3,502,500	-$1,256,255 -$110,329	$2,135,916
11	$3,677,550	-$1,321,024 -$115,843	$2,240,683
12	$3,861,450	-$1,389,067 -$121,636	$2,350,747
13	$4,054,500	-$1,460,495 -$127,717	$2,466,288
14	$4,257,300	-$1,535,531 -$134,105	$2,587,664
15	$4,470,150	-$1,614,286 -$140,810	$2,715,054
16	$4,693,650	-$1,696,981 -$147,850	$2,848,819
17	$4,928,250	-$1,783,783 -$155,240	$2,989,227
18	$5,174,700	-$1,874,969 -$163,003	$3,136,728
19	$5,433,450	-$1,970,707 -$171,154	$3,291,589
20	$5,705,100	-$2,071,217 -$179,711	$3,454,172
21	$5,990,400	-$2,176,778 -$188,698	$3,624,924
22	$6,289,950	-$2,287,612 -$198,133	$3,804,205
23	$6,604,350	-$2,403,940 -$208,037	$3,992,373
24	$6,934,650	-$2,526,151 -$218,441	$4,190,058
25	$7,281,300	-$2,654,411 -$229,361	$4,397,528
26	$7,645,500	-$2,789,165 -$240,833	$4,615,502
27	$8,027,700	-$2,930,579 -$252,873	$4,844,248
28	$8,429,100	-$3,079,097 -$265,517	$5,084,486
29	$8,850,600	-$3,235,052 -$278,794	$5,336,754
30	$9,293,100	-$3,398,777 -$292,733	$5,601,590