Indiana Lottery

INLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Feb 17, 2026 is estimated to be $395 Million, with a cash option of 183.3 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 Feb 17, 2026

Draw Date	Jackpot	Cash Option
Tue Feb 17, 2026	$395,000,000	$183,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$183,300,000
Federal Tax(24%)	$43,992,000
Additional Federal Tax	$23,789,330
State Tax(3.15%)	$5,773,950
Net Lumpsum Payment	$109,744,720

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,945,145	-$2,160,034 -$187,272	$3,597,839
2	$6,242,580	-$2,270,085 -$196,641	$3,775,854
3	$6,554,630	-$2,385,543 -$206,471	$3,962,616
4	$6,882,480	-$2,506,848 -$216,798	$4,158,834
5	$7,226,525	-$2,634,145 -$227,636	$4,364,744
6	$7,587,950	-$2,767,872 -$239,020	$4,581,058
7	$7,967,150	-$2,908,176 -$250,965	$4,808,009
8	$8,365,705	-$3,055,641 -$263,520	$5,046,544
9	$8,784,010	-$3,210,414 -$276,696	$5,296,900
10	$9,223,250	-$3,372,933 -$290,532	$5,559,785
11	$9,684,215	-$3,543,490 -$305,053	$5,835,672
12	$10,168,485	-$3,722,670 -$320,307	$6,125,508
13	$10,676,850	-$3,910,765 -$336,321	$6,429,764
14	$11,210,890	-$4,108,360 -$353,143	$6,749,387
15	$11,771,395	-$4,315,747 -$370,799	$7,084,849
16	$12,359,945	-$4,533,510 -$389,338	$7,437,097
17	$12,977,725	-$4,762,089 -$408,798	$7,806,838
18	$13,626,710	-$5,002,213 -$429,241	$8,195,256
19	$14,308,085	-$5,254,322 -$450,705	$8,603,058
20	$15,023,430	-$5,518,999 -$473,238	$9,031,193
21	$15,774,720	-$5,796,977 -$496,904	$9,480,839
22	$16,563,535	-$6,088,838 -$521,751	$9,952,946
23	$17,391,455	-$6,395,169 -$547,831	$10,448,455
24	$18,261,245	-$6,716,991 -$575,229	$10,969,025
25	$19,174,090	-$7,054,744 -$603,984	$11,515,362
26	$20,133,150	-$7,409,596 -$634,194	$12,089,360
27	$21,139,610	-$7,781,986 -$665,898	$12,691,726
28	$22,196,630	-$8,173,083 -$699,194	$13,324,353
29	$23,306,580	-$8,583,765 -$734,157	$13,988,658
30	$24,471,830	-$9,014,907 -$770,863	$14,686,060