The jackpot for the MEGA Millions draw on Tue May 26, 2026, is projected to be $311 Million, with an option for a cash payout of $136.4 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 May 26, 2026 |
|---|
| Draw Date | Tue May 26, 2026 | | Projected Jackpot | $311,000,000 | | Cash Value | $136,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $136,400,000 | | Federal Tax(24%) | $32,736,000 | | Additional Federal Tax | $17,692,330 | | State Tax(3.15%) | $4,296,600 | | Net Lumpsum Payment | $81,675,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,680,861 |
$1,692,249
$147,447 |
$2,841,165 |
| 2 |
$4,915,044 |
$1,778,897
$154,824 |
$2,981,323 |
| 3 |
$5,160,734 |
$1,869,802
$162,563 |
$3,128,369 |
| 4 |
$5,418,864 |
$1,965,310
$170,694 |
$3,282,860 |
| 5 |
$5,689,745 |
$2,065,536
$179,227 |
$3,444,982 |
| 6 |
$5,974,310 |
$2,170,825
$188,191 |
$3,615,294 |
| 7 |
$6,272,870 |
$2,281,292
$197,595 |
$3,793,983 |
| 8 |
$6,586,669 |
$2,397,398
$207,480 |
$3,981,791 |
| 9 |
$6,916,018 |
$2,519,257
$217,855 |
$4,178,906 |
| 10 |
$7,261,850 |
$2,647,215
$228,748 |
$4,385,887 |
| 11 |
$7,624,787 |
$2,781,502
$240,181 |
$4,603,104 |
| 12 |
$8,006,073 |
$2,922,577
$252,191 |
$4,831,305 |
| 13 |
$8,406,330 |
$3,070,672
$264,799 |
$5,070,859 |
| 14 |
$8,826,802 |
$3,226,247
$278,044 |
$5,322,511 |
| 15 |
$9,268,111 |
$3,389,531
$291,945 |
$5,586,635 |
| 16 |
$9,731,501 |
$3,560,986
$306,542 |
$5,863,973 |
| 17 |
$10,217,905 |
$3,740,955
$321,864 |
$6,155,086 |
| 18 |
$10,728,878 |
$3,930,015
$337,960 |
$6,460,903 |
| 19 |
$11,265,353 |
$4,128,511
$354,859 |
$6,781,983 |
| 20 |
$11,828,574 |
$4,336,903
$372,600 |
$7,119,071 |
| 21 |
$12,420,096 |
$4,555,766
$391,233 |
$7,473,097 |
| 22 |
$13,041,163 |
$4,785,561
$410,797 |
$7,844,805 |
| 23 |
$13,693,019 |
$5,026,747
$431,330 |
$8,234,942 |
| 24 |
$14,377,841 |
$5,280,132
$452,902 |
$8,644,807 |
| 25 |
$15,096,562 |
$5,546,058
$475,542 |
$9,074,962 |
| 26 |
$15,851,670 |
$5,825,448
$499,328 |
$9,526,894 |
| 27 |
$16,644,098 |
$6,118,647
$524,289 |
$10,001,162 |
| 28 |
$17,476,334 |
$6,426,574
$550,505 |
$10,499,255 |
| 29 |
$18,350,244 |
$6,749,921
$578,033 |
$11,022,290 |
| 30 |
$19,267,694 |
$7,089,377
$606,932 |
$11,571,385 |
|
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