The jackpot for the MEGA Millions draw on Tue Oct 27, 2026, is projected to be $443 Million, with an option for a cash payout of $186.5 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 Oct 27, 2026 |
|---|
| Draw Date | Tue Oct 27, 2026 | | Projected Jackpot | $443,000,000 | | Cash Value | $186,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $186,500,000 | | Federal Tax(24%) | $44,760,000 | | Additional Federal Tax | $24,205,330 | | State Tax(3.15%) | $5,874,750 | | Net Lumpsum Payment | $111,659,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,667,593 |
$2,427,340
$210,029 |
$4,030,224 |
| 2 |
$7,001,172 |
$2,550,764
$220,537 |
$4,229,871 |
| 3 |
$7,351,142 |
$2,680,253
$231,561 |
$4,439,328 |
| 4 |
$7,718,832 |
$2,816,298
$243,143 |
$4,659,391 |
| 5 |
$8,104,685 |
$2,959,064
$255,298 |
$4,890,323 |
| 6 |
$8,510,030 |
$3,109,041
$268,066 |
$5,132,923 |
| 7 |
$8,935,310 |
$3,266,395
$281,462 |
$5,387,453 |
| 8 |
$9,382,297 |
$3,431,780
$295,542 |
$5,654,975 |
| 9 |
$9,851,434 |
$3,605,361
$310,320 |
$5,935,753 |
| 10 |
$10,344,050 |
$3,787,629
$325,838 |
$6,230,583 |
| 11 |
$10,861,031 |
$3,978,912
$342,122 |
$6,539,997 |
| 12 |
$11,404,149 |
$4,179,866
$359,231 |
$6,865,052 |
| 13 |
$11,974,290 |
$4,390,818
$377,190 |
$7,206,282 |
| 14 |
$12,573,226 |
$4,612,424
$396,057 |
$7,564,745 |
| 15 |
$13,201,843 |
$4,845,012
$415,858 |
$7,940,973 |
| 16 |
$13,861,913 |
$5,089,238
$436,650 |
$8,336,025 |
| 17 |
$14,554,765 |
$5,345,593
$458,475 |
$8,750,697 |
| 18 |
$15,282,614 |
$5,614,898
$481,402 |
$9,186,314 |
| 19 |
$16,046,789 |
$5,897,642
$505,474 |
$9,643,673 |
| 20 |
$16,849,062 |
$6,194,483
$530,745 |
$10,123,834 |
| 21 |
$17,691,648 |
$6,506,240
$557,287 |
$10,628,121 |
| 22 |
$18,576,319 |
$6,833,568
$585,154 |
$11,157,597 |
| 23 |
$19,504,847 |
$7,177,124
$614,403 |
$11,713,320 |
| 24 |
$20,480,333 |
$7,538,054
$645,130 |
$12,297,149 |
| 25 |
$21,504,106 |
$7,916,850
$677,379 |
$12,909,877 |
| 26 |
$22,579,710 |
$8,314,823
$711,261 |
$13,553,626 |
| 27 |
$23,708,474 |
$8,732,466
$746,817 |
$14,229,191 |
| 28 |
$24,893,942 |
$9,171,089
$784,159 |
$14,938,694 |
| 29 |
$26,138,772 |
$9,631,676
$823,371 |
$15,683,725 |
| 30 |
$27,445,622 |
$10,115,211
$864,537 |
$16,465,874 |
|
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