The jackpot for the MEGA Millions draw on Tue Oct 13, 2026, is projected to be $385 Million, with an option for a cash payout of $154.8 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 13, 2026 |
|---|
| Draw Date | Tue Oct 13, 2026 | | Projected Jackpot | $385,000,000 | | Cash Value | $154,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $154,800,000 | | Federal Tax(24%) | $37,152,000 | | Additional Federal Tax | $20,084,330 | | State Tax(3.15%) | $4,876,200 | | Net Lumpsum Payment | $92,687,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,794,635 |
$2,104,345
$182,531 |
$3,507,759 |
| 2 |
$6,084,540 |
$2,211,610
$191,663 |
$3,681,267 |
| 3 |
$6,388,690 |
$2,324,146
$201,244 |
$3,863,300 |
| 4 |
$6,708,240 |
$2,442,379
$211,310 |
$4,054,551 |
| 5 |
$7,043,575 |
$2,566,453
$221,873 |
$4,255,249 |
| 6 |
$7,395,850 |
$2,696,795
$232,969 |
$4,466,086 |
| 7 |
$7,765,450 |
$2,833,547
$244,612 |
$4,687,291 |
| 8 |
$8,153,915 |
$2,977,279
$256,848 |
$4,919,788 |
| 9 |
$8,561,630 |
$3,128,133
$269,691 |
$5,163,806 |
| 10 |
$8,989,750 |
$3,286,538
$283,177 |
$5,420,035 |
| 11 |
$9,439,045 |
$3,452,777
$297,330 |
$5,688,938 |
| 12 |
$9,911,055 |
$3,627,421
$312,198 |
$5,971,436 |
| 13 |
$10,406,550 |
$3,810,754
$327,806 |
$6,267,990 |
| 14 |
$10,927,070 |
$4,003,346
$344,203 |
$6,579,521 |
| 15 |
$11,473,385 |
$4,205,483
$361,412 |
$6,906,490 |
| 16 |
$12,047,035 |
$4,417,733
$379,482 |
$7,249,820 |
| 17 |
$12,649,175 |
$4,640,525
$398,449 |
$7,610,201 |
| 18 |
$13,281,730 |
$4,874,570
$418,374 |
$7,988,786 |
| 19 |
$13,945,855 |
$5,120,297
$439,294 |
$8,386,264 |
| 20 |
$14,643,090 |
$5,378,274
$461,257 |
$8,803,559 |
| 21 |
$15,375,360 |
$5,649,214
$484,324 |
$9,241,822 |
| 22 |
$16,144,205 |
$5,933,686
$508,542 |
$9,701,977 |
| 23 |
$16,951,165 |
$6,232,261
$533,962 |
$10,184,942 |
| 24 |
$17,798,935 |
$6,545,936
$560,666 |
$10,692,333 |
| 25 |
$18,688,670 |
$6,875,138
$588,693 |
$11,224,839 |
| 26 |
$19,623,450 |
$7,221,007
$618,139 |
$11,784,304 |
| 27 |
$20,604,430 |
$7,583,969
$649,040 |
$12,371,421 |
| 28 |
$21,634,690 |
$7,965,166
$681,493 |
$12,988,031 |
| 29 |
$22,716,540 |
$8,365,450
$715,571 |
$13,635,519 |
| 30 |
$23,852,290 |
$8,785,678
$751,347 |
$14,315,265 |
|
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