The jackpot for the MEGA Millions draw on Tue Jun 30, 2026, is projected to be $511 Million, with an option for a cash payout of $231 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 30, 2026 |
|---|
| Draw Date | Tue Jun 30, 2026 | | Projected Jackpot | $511,000,000 | | Cash Value | $231,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $231,000,000 | | Federal Tax(24%) | $55,440,000 | | Additional Federal Tax | $29,990,330 | | State Tax(3.15%) | $7,276,500 | | Net Lumpsum Payment | $138,293,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,691,061 |
$2,806,023
$242,268 |
$4,642,770 |
| 2 |
$8,075,844 |
$2,948,393
$254,389 |
$4,873,062 |
| 3 |
$8,479,534 |
$3,097,758
$267,105 |
$5,114,671 |
| 4 |
$8,903,664 |
$3,254,686
$280,465 |
$5,368,513 |
| 5 |
$9,348,745 |
$3,419,366
$294,485 |
$5,634,894 |
| 6 |
$9,816,310 |
$3,592,365
$309,214 |
$5,914,731 |
| 7 |
$10,306,870 |
$3,773,872
$324,666 |
$6,208,332 |
| 8 |
$10,822,469 |
$3,964,644
$340,908 |
$6,516,917 |
| 9 |
$11,363,618 |
$4,164,869
$357,954 |
$6,840,795 |
| 10 |
$11,931,850 |
$4,375,115
$375,853 |
$7,180,882 |
| 11 |
$12,528,187 |
$4,595,760
$394,638 |
$7,537,789 |
| 12 |
$13,154,673 |
$4,827,559
$414,372 |
$7,912,742 |
| 13 |
$13,812,330 |
$5,070,892
$435,088 |
$8,306,350 |
| 14 |
$14,503,202 |
$5,326,515
$456,851 |
$8,719,836 |
| 15 |
$15,228,311 |
$5,594,805
$479,692 |
$9,153,814 |
| 16 |
$15,989,701 |
$5,876,520
$503,676 |
$9,609,505 |
| 17 |
$16,788,905 |
$6,172,225
$528,851 |
$10,087,829 |
| 18 |
$17,628,478 |
$6,482,867
$555,297 |
$10,590,314 |
| 19 |
$18,509,953 |
$6,809,013
$583,064 |
$11,117,876 |
| 20 |
$19,435,374 |
$7,151,419
$612,214 |
$11,671,741 |
| 21 |
$20,407,296 |
$7,511,030
$642,830 |
$12,253,436 |
| 22 |
$21,427,763 |
$7,888,603
$674,975 |
$12,864,185 |
| 23 |
$22,498,819 |
$8,284,893
$708,713 |
$13,505,213 |
| 24 |
$23,624,041 |
$8,701,226
$744,157 |
$14,178,658 |
| 25 |
$24,804,962 |
$9,138,166
$781,356 |
$14,885,440 |
| 26 |
$26,045,670 |
$9,597,228
$820,439 |
$15,628,003 |
| 27 |
$27,347,698 |
$10,078,979
$861,452 |
$16,407,267 |
| 28 |
$28,715,134 |
$10,584,930
$904,527 |
$17,225,677 |
| 29 |
$30,151,044 |
$11,116,217
$949,758 |
$18,085,069 |
| 30 |
$31,658,494 |
$11,673,973
$997,243 |
$18,987,278 |
|
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