The jackpot for the MEGA Millions draw on Tue Jun 23, 2026, is projected to be $467 Million, with an option for a cash payout of $211 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 23, 2026 |
|---|
| Draw Date | Tue Jun 23, 2026 | | Projected Jackpot | $467,000,000 | | Cash Value | $211,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $211,000,000 | | Federal Tax(24%) | $50,640,000 | | Additional Federal Tax | $27,390,330 | | State Tax(3.15%) | $6,646,500 | | Net Lumpsum Payment | $126,323,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,028,817 |
$2,560,993
$221,408 |
$4,246,416 |
| 2 |
$7,380,468 |
$2,691,104
$232,485 |
$4,456,879 |
| 3 |
$7,749,398 |
$2,827,608
$244,106 |
$4,677,684 |
| 4 |
$8,137,008 |
$2,971,023
$256,316 |
$4,909,669 |
| 5 |
$8,543,765 |
$3,121,523
$269,129 |
$5,153,113 |
| 6 |
$8,971,070 |
$3,279,626
$282,589 |
$5,408,855 |
| 7 |
$9,419,390 |
$3,445,505
$296,711 |
$5,677,174 |
| 8 |
$9,890,593 |
$3,619,850
$311,554 |
$5,959,189 |
| 9 |
$10,385,146 |
$3,802,834
$327,132 |
$6,255,180 |
| 10 |
$10,904,450 |
$3,994,977
$343,490 |
$6,565,983 |
| 11 |
$11,449,439 |
$4,196,623
$360,657 |
$6,892,159 |
| 12 |
$12,021,981 |
$4,408,463
$378,692 |
$7,234,826 |
| 13 |
$12,623,010 |
$4,630,844
$397,625 |
$7,594,541 |
| 14 |
$13,254,394 |
$4,864,456
$417,513 |
$7,972,425 |
| 15 |
$13,917,067 |
$5,109,645
$438,388 |
$8,369,034 |
| 16 |
$14,612,897 |
$5,367,102
$460,306 |
$8,785,489 |
| 17 |
$15,343,285 |
$5,637,346
$483,313 |
$9,222,626 |
| 18 |
$16,110,566 |
$5,921,240
$507,483 |
$9,681,843 |
| 19 |
$16,916,141 |
$6,219,303
$532,858 |
$10,163,980 |
| 20 |
$17,761,878 |
$6,532,225
$559,499 |
$10,670,154 |
| 21 |
$18,650,112 |
$6,860,872
$587,479 |
$11,201,761 |
| 22 |
$19,582,711 |
$7,205,933
$616,855 |
$11,759,923 |
| 23 |
$20,561,543 |
$7,568,101
$647,689 |
$12,345,753 |
| 24 |
$21,589,877 |
$7,948,585
$680,081 |
$12,961,211 |
| 25 |
$22,669,114 |
$8,347,903
$714,077 |
$13,607,134 |
| 26 |
$23,802,990 |
$8,767,437
$749,794 |
$14,285,759 |
| 27 |
$24,992,906 |
$9,207,706
$787,277 |
$14,997,923 |
| 28 |
$26,242,598 |
$9,670,092
$826,642 |
$15,745,864 |
| 29 |
$27,554,868 |
$10,155,632
$867,978 |
$16,531,258 |
| 30 |
$28,932,518 |
$10,665,362
$911,374 |
$17,355,782 |
|
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