The jackpot for the MEGA Millions draw on Tue Sep 1, 2026, is projected to be $160 Million, with an option for a cash payout of $68.9 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 Sep 1, 2026 |
|---|
| Draw Date | Tue Sep 1, 2026 | | Projected Jackpot | $160,000,000 | | Cash Value | $68,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $68,900,000 | | Federal Tax(24%) | $16,536,000 | | Additional Federal Tax | $8,917,330 | | State Tax(3.15%) | $2,170,350 | | Net Lumpsum Payment | $41,276,320 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,408,160 |
$851,350
$75,857 |
$1,480,953 |
| 2 |
$2,528,640 |
$895,927
$79,652 |
$1,553,061 |
| 3 |
$2,655,040 |
$942,695
$83,634 |
$1,628,711 |
| 4 |
$2,787,840 |
$991,831
$87,817 |
$1,708,192 |
| 5 |
$2,927,200 |
$1,043,394
$92,207 |
$1,791,599 |
| 6 |
$3,073,600 |
$1,097,562
$96,818 |
$1,879,220 |
| 7 |
$3,227,200 |
$1,154,394
$101,657 |
$1,971,149 |
| 8 |
$3,388,640 |
$1,214,127
$106,742 |
$2,067,771 |
| 9 |
$3,558,080 |
$1,276,820
$112,080 |
$2,169,180 |
| 10 |
$3,736,000 |
$1,342,650
$117,684 |
$2,275,666 |
| 11 |
$3,922,720 |
$1,411,737
$123,566 |
$2,387,417 |
| 12 |
$4,118,880 |
$1,484,316
$129,745 |
$2,504,819 |
| 13 |
$4,324,800 |
$1,560,506
$136,231 |
$2,628,063 |
| 14 |
$4,541,120 |
$1,640,545
$143,045 |
$2,757,530 |
| 15 |
$4,768,160 |
$1,724,550
$150,197 |
$2,893,413 |
| 16 |
$5,006,560 |
$1,812,758
$157,707 |
$3,036,095 |
| 17 |
$5,256,800 |
$1,905,346
$165,589 |
$3,185,865 |
| 18 |
$5,519,680 |
$2,002,612
$173,870 |
$3,343,198 |
| 19 |
$5,795,680 |
$2,104,732
$182,564 |
$3,508,384 |
| 20 |
$6,085,440 |
$2,211,943
$191,691 |
$3,681,806 |
| 21 |
$6,389,760 |
$2,324,542
$201,277 |
$3,863,941 |
| 22 |
$6,709,280 |
$2,442,764
$211,342 |
$4,055,174 |
| 23 |
$7,044,640 |
$2,566,847
$221,906 |
$4,255,887 |
| 24 |
$7,396,960 |
$2,697,206
$233,004 |
$4,466,750 |
| 25 |
$7,766,720 |
$2,834,017
$244,652 |
$4,688,051 |
| 26 |
$8,155,200 |
$2,977,754
$256,889 |
$4,920,557 |
| 27 |
$8,562,880 |
$3,128,596
$269,731 |
$5,164,553 |
| 28 |
$8,991,040 |
$3,287,015
$283,218 |
$5,420,807 |
| 29 |
$9,440,640 |
$3,453,367
$297,380 |
$5,689,893 |
| 30 |
$9,912,640 |
$3,628,007
$312,248 |
$5,972,385 |
|
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