The jackpot for the MEGA Millions draw on Tue Jun 24, 2025, is projected to be $326 Million, with an option for a cash payout of $145.7 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Indiana residents, the state will deduct 3.15% from your lottery earnings.
| Indiana MEGA Millions Jackpot/Cash Option for Tue Jun 24, 2025 |
|---|
| Draw Date | Tue Jun 24, 2025 | | Projected Jackpot | $326,000,000 | | Cash Value | $145,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $145,700,000 | | Federal Tax(24%) | $34,968,000 | | Additional Federal Tax | $18,901,330 | | State Tax(3.15%) | $4,589,550 | | Net Lumpsum Payment | $87,241,120 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,906,626 |
$1,775,782
$154,559 |
$2,976,285 |
| 2 |
$5,152,104 |
$1,866,609
$162,291 |
$3,123,204 |
| 3 |
$5,409,644 |
$1,961,899
$170,404 |
$3,277,341 |
| 4 |
$5,680,224 |
$2,062,013
$178,927 |
$3,439,284 |
| 5 |
$5,964,170 |
$2,167,073
$187,871 |
$3,609,226 |
| 6 |
$6,262,460 |
$2,277,441
$197,267 |
$3,787,752 |
| 7 |
$6,575,420 |
$2,393,236
$207,126 |
$3,975,058 |
| 8 |
$6,904,354 |
$2,514,941
$217,487 |
$4,171,926 |
| 9 |
$7,249,588 |
$2,642,678
$228,362 |
$4,378,548 |
| 10 |
$7,612,100 |
$2,776,807
$239,781 |
$4,595,512 |
| 11 |
$7,992,542 |
$2,917,571
$251,765 |
$4,823,206 |
| 12 |
$8,392,218 |
$3,065,451
$264,355 |
$5,062,412 |
| 13 |
$8,811,780 |
$3,220,689
$277,571 |
$5,313,520 |
| 14 |
$9,252,532 |
$3,383,767
$291,455 |
$5,577,310 |
| 15 |
$9,715,126 |
$3,554,927
$306,026 |
$5,854,173 |
| 16 |
$10,200,866 |
$3,734,651
$321,327 |
$6,144,888 |
| 17 |
$10,710,730 |
$3,923,300
$337,388 |
$6,450,042 |
| 18 |
$11,246,348 |
$4,121,479
$354,260 |
$6,770,609 |
| 19 |
$11,808,698 |
$4,329,549
$371,974 |
$7,107,175 |
| 20 |
$12,399,084 |
$4,547,991
$390,571 |
$7,460,522 |
| 21 |
$13,019,136 |
$4,777,411
$410,103 |
$7,831,622 |
| 22 |
$13,670,158 |
$5,018,289
$430,610 |
$8,221,259 |
| 23 |
$14,353,454 |
$5,271,108
$452,134 |
$8,630,212 |
| 24 |
$15,071,306 |
$5,536,714
$474,746 |
$9,059,846 |
| 25 |
$15,824,692 |
$5,815,466
$498,478 |
$9,510,748 |
| 26 |
$16,616,220 |
$6,108,332
$523,411 |
$9,984,477 |
| 27 |
$17,446,868 |
$6,415,672
$549,576 |
$10,481,620 |
| 28 |
$18,319,244 |
$6,738,451
$577,056 |
$11,003,737 |
| 29 |
$19,235,304 |
$7,077,393
$605,912 |
$11,551,999 |
| 30 |
$20,197,004 |
$7,433,222
$636,206 |
$12,127,576 |
|
|
