The jackpot for the MEGA Millions draw on Tue Sep 22, 2026, is projected to be $261 Million, with an option for a cash payout of $110.5 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 Sep 22, 2026 |
|---|
| Draw Date | Tue Sep 22, 2026 | | Projected Jackpot | $261,000,000 | | Cash Value | $110,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $110,500,000 | | Federal Tax(24%) | $26,520,000 | | Additional Federal Tax | $14,325,330 | | State Tax(3.15%) | $3,480,750 | | Net Lumpsum Payment | $66,173,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,928,311 |
$1,413,805
$123,742 |
$2,390,764 |
| 2 |
$4,124,844 |
$1,486,523
$129,933 |
$2,508,388 |
| 3 |
$4,331,034 |
$1,562,813
$136,428 |
$2,631,793 |
| 4 |
$4,547,664 |
$1,642,966
$143,251 |
$2,761,447 |
| 5 |
$4,774,995 |
$1,727,079
$150,412 |
$2,897,504 |
| 6 |
$5,013,810 |
$1,815,440
$157,935 |
$3,040,435 |
| 7 |
$5,264,370 |
$1,908,147
$165,828 |
$3,190,395 |
| 8 |
$5,527,719 |
$2,005,586
$174,123 |
$3,348,010 |
| 9 |
$5,804,118 |
$2,107,854
$182,830 |
$3,513,434 |
| 10 |
$6,094,350 |
$2,215,240
$191,972 |
$3,687,138 |
| 11 |
$6,398,937 |
$2,327,937
$201,567 |
$3,869,433 |
| 12 |
$6,718,923 |
$2,446,332
$211,646 |
$4,060,945 |
| 13 |
$7,054,830 |
$2,570,617
$222,227 |
$4,261,986 |
| 14 |
$7,407,702 |
$2,701,180
$233,343 |
$4,473,179 |
| 15 |
$7,778,061 |
$2,838,213
$245,009 |
$4,694,839 |
| 16 |
$8,166,951 |
$2,982,102
$257,259 |
$4,927,590 |
| 17 |
$8,575,155 |
$3,133,138
$270,117 |
$5,171,900 |
| 18 |
$9,003,978 |
$3,291,802
$283,625 |
$5,428,551 |
| 19 |
$9,454,203 |
$3,458,385
$297,807 |
$5,698,011 |
| 20 |
$9,926,874 |
$3,633,274
$312,697 |
$5,980,903 |
| 21 |
$10,423,296 |
$3,816,950
$328,334 |
$6,278,012 |
| 22 |
$10,944,513 |
$4,009,800
$344,752 |
$6,589,961 |
| 23 |
$11,491,569 |
$4,212,211
$361,984 |
$6,917,374 |
| 24 |
$12,066,291 |
$4,424,858
$380,088 |
$7,261,345 |
| 25 |
$12,669,462 |
$4,648,031
$399,088 |
$7,622,343 |
| 26 |
$13,303,170 |
$4,882,503
$419,050 |
$8,001,617 |
| 27 |
$13,968,198 |
$5,128,564
$439,998 |
$8,399,636 |
| 28 |
$14,666,634 |
$5,386,985
$461,999 |
$8,817,650 |
| 29 |
$15,400,044 |
$5,658,347
$485,101 |
$9,256,596 |
| 30 |
$16,169,994 |
$5,943,228
$509,355 |
$9,717,411 |
|
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