Jackpot Analysis Indiana Mega Millions

Jackpot Analysis for Indiana Mega Millions
The jackpot for the MEGA Millions draw on Tue Aug 5, 2025, is projected to be $150 Million, with an option for a cash payout of $67.9 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 Aug 5, 2025
Draw DateTue Aug 5, 2025
Projected Jackpot$150,000,000
Cash Value$67,900,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$67,900,000
Federal Tax(24%)$16,296,000
Additional Federal Tax$8,787,330
State Tax(3.15%)$2,138,850
Net Lumpsum Payment$40,677,820
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $2,257,650 $795,661
$71,116
$1,390,873
2 $2,370,600 $837,452
$74,674
$1,458,474
3 $2,489,100 $881,297
$78,407
$1,529,396
4 $2,613,600 $927,362
$82,328
$1,603,910
5 $2,744,250 $975,703
$86,444
$1,682,103
6 $2,881,500 $1,026,485
$90,767
$1,764,248
7 $3,025,500 $1,079,765
$95,303
$1,850,432
8 $3,176,850 $1,135,765
$100,071
$1,941,014
9 $3,335,700 $1,194,539
$105,075
$2,036,086
10 $3,502,500 $1,256,255
$110,329
$2,135,916
11 $3,677,550 $1,321,024
$115,843
$2,240,683
12 $3,861,450 $1,389,067
$121,636
$2,350,747
13 $4,054,500 $1,460,495
$127,717
$2,466,288
14 $4,257,300 $1,535,531
$134,105
$2,587,664
15 $4,470,150 $1,614,286
$140,810
$2,715,054
16 $4,693,650 $1,696,981
$147,850
$2,848,819
17 $4,928,250 $1,783,783
$155,240
$2,989,227
18 $5,174,700 $1,874,969
$163,003
$3,136,728
19 $5,433,450 $1,970,707
$171,154
$3,291,589
20 $5,705,100 $2,071,217
$179,711
$3,454,172
21 $5,990,400 $2,176,778
$188,698
$3,624,924
22 $6,289,950 $2,287,612
$198,133
$3,804,205
23 $6,604,350 $2,403,940
$208,037
$3,992,373
24 $6,934,650 $2,526,151
$218,441
$4,190,058
25 $7,281,300 $2,654,411
$229,361
$4,397,528
26 $7,645,500 $2,789,165
$240,833
$4,615,502
27 $8,027,700 $2,930,579
$252,873
$4,844,248
28 $8,429,100 $3,079,097
$265,517
$5,084,486
29 $8,850,600 $3,235,052
$278,794
$5,336,754
30 $9,293,100 $3,398,777
$292,733
$5,601,590