The jackpot for the MEGA Millions draw on Fri Jul 24, 2026, is projected to be $743 Million, with an option for a cash payout of $323.4 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 Fri Jul 24, 2026 |
|---|
| Draw Date | Fri Jul 24, 2026 | | Projected Jackpot | $743,000,000 | | Cash Value | $323,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $323,400,000 | | Federal Tax(24%) | $77,616,000 | | Additional Federal Tax | $42,002,330 | | State Tax(3.15%) | $10,187,100 | | Net Lumpsum Payment | $193,594,570 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,182,893 |
$4,098,001
$352,261 |
$6,732,631 |
| 2 |
$11,742,372 |
$4,305,008
$369,885 |
$7,067,479 |
| 3 |
$12,329,342 |
$4,522,187
$388,374 |
$7,418,781 |
| 4 |
$12,946,032 |
$4,750,362
$407,800 |
$7,787,870 |
| 5 |
$13,593,185 |
$4,989,809
$428,185 |
$8,175,191 |
| 6 |
$14,273,030 |
$5,241,351
$449,600 |
$8,582,079 |
| 7 |
$14,986,310 |
$5,505,265
$472,069 |
$9,008,976 |
| 8 |
$15,735,997 |
$5,782,649
$495,684 |
$9,457,664 |
| 9 |
$16,522,834 |
$6,073,779
$520,469 |
$9,928,586 |
| 10 |
$17,349,050 |
$6,379,479
$546,495 |
$10,423,076 |
| 11 |
$18,216,131 |
$6,700,299
$573,808 |
$10,942,024 |
| 12 |
$19,127,049 |
$7,037,339
$602,502 |
$11,487,208 |
| 13 |
$20,083,290 |
$7,391,148
$632,624 |
$12,059,518 |
| 14 |
$21,087,826 |
$7,762,826
$664,267 |
$12,660,733 |
| 15 |
$22,142,143 |
$8,152,923
$697,478 |
$13,291,742 |
| 16 |
$23,249,213 |
$8,562,539
$732,350 |
$13,954,324 |
| 17 |
$24,411,265 |
$8,992,498
$768,955 |
$14,649,812 |
| 18 |
$25,632,014 |
$9,444,176
$807,408 |
$15,380,430 |
| 19 |
$26,913,689 |
$9,918,395
$847,781 |
$16,147,513 |
| 20 |
$28,259,262 |
$10,416,257
$890,167 |
$16,952,838 |
| 21 |
$29,672,448 |
$10,939,136
$934,682 |
$17,798,630 |
| 22 |
$31,156,219 |
$11,488,131
$981,421 |
$18,686,667 |
| 23 |
$32,713,547 |
$12,064,343
$1,030,477 |
$19,618,727 |
| 24 |
$34,349,633 |
$12,669,695
$1,082,013 |
$20,597,925 |
| 25 |
$36,066,706 |
$13,305,012
$1,136,101 |
$21,625,593 |
| 26 |
$37,870,710 |
$13,972,493
$1,192,927 |
$22,705,290 |
| 27 |
$39,763,874 |
$14,672,964
$1,252,562 |
$23,838,348 |
| 28 |
$41,752,142 |
$15,408,623
$1,315,192 |
$25,028,327 |
| 29 |
$43,839,972 |
$16,181,120
$1,380,959 |
$26,277,893 |
| 30 |
$46,031,822 |
$16,992,105
$1,450,002 |
$27,589,715 |
|
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