The jackpot for the MEGA Millions draw on Fri Oct 24, 2025, is projected to be $680 Million, with an option for a cash payout of $318.2 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 Fri Oct 24, 2025 |
|---|
| Draw Date | Fri Oct 24, 2025 | | Projected Jackpot | $680,000,000 | | Cash Value | $318,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $318,200,000 | | Federal Tax(24%) | $76,368,000 | | Additional Federal Tax | $41,326,330 | | State Tax(3.15%) | $10,023,300 | | Net Lumpsum Payment | $190,482,370 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,234,680 |
$3,747,162
$322,392 |
$6,165,126 |
| 2 |
$10,746,720 |
$3,936,617
$338,522 |
$6,471,581 |
| 3 |
$11,283,920 |
$4,135,381
$355,443 |
$6,793,096 |
| 4 |
$11,848,320 |
$4,344,209
$373,222 |
$7,130,889 |
| 5 |
$12,440,600 |
$4,563,352
$391,879 |
$7,485,369 |
| 6 |
$13,062,800 |
$4,793,566
$411,478 |
$7,857,756 |
| 7 |
$13,715,600 |
$5,035,102
$432,041 |
$8,248,457 |
| 8 |
$14,401,720 |
$5,288,967
$453,654 |
$8,659,099 |
| 9 |
$15,121,840 |
$5,555,411
$476,338 |
$9,090,091 |
| 10 |
$15,878,000 |
$5,835,190
$500,157 |
$9,542,653 |
| 11 |
$16,671,560 |
$6,128,808
$525,154 |
$10,017,598 |
| 12 |
$17,505,240 |
$6,437,269
$551,415 |
$10,516,556 |
| 13 |
$18,380,400 |
$6,761,078
$578,983 |
$11,040,339 |
| 14 |
$19,299,760 |
$7,101,242
$607,942 |
$11,590,576 |
| 15 |
$20,264,680 |
$7,458,262
$638,337 |
$12,168,081 |
| 16 |
$21,277,880 |
$7,833,146
$670,253 |
$12,774,481 |
| 17 |
$22,341,400 |
$8,226,648
$703,754 |
$13,410,998 |
| 18 |
$23,458,640 |
$8,640,027
$738,947 |
$14,079,666 |
| 19 |
$24,631,640 |
$9,074,037
$775,897 |
$14,781,706 |
| 20 |
$25,863,120 |
$9,529,685
$814,688 |
$15,518,747 |
| 21 |
$27,156,480 |
$10,008,228
$855,429 |
$16,292,823 |
| 22 |
$28,514,440 |
$10,510,673
$898,205 |
$17,105,562 |
| 23 |
$29,939,720 |
$11,038,027
$943,101 |
$17,958,592 |
| 24 |
$31,437,080 |
$11,592,050
$990,268 |
$18,854,762 |
| 25 |
$33,008,560 |
$12,173,498
$1,039,770 |
$19,795,292 |
| 26 |
$34,659,600 |
$12,784,382
$1,091,777 |
$20,783,441 |
| 27 |
$36,392,240 |
$13,425,459
$1,146,356 |
$21,820,425 |
| 28 |
$38,211,920 |
$14,098,741
$1,203,675 |
$22,909,504 |
| 29 |
$40,122,720 |
$14,805,737
$1,263,866 |
$24,053,117 |
| 30 |
$42,128,720 |
$15,547,957
$1,327,055 |
$25,253,708 |
|
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