The jackpot for the MEGA Millions draw on Tue Jun 3, 2025, is projected to be $202 Million, with an option for a cash payout of $90 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 Jun 3, 2025 |
|---|
| Draw Date | Tue Jun 3, 2025 | | Projected Jackpot | $202,000,000 | | Cash Value | $90,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $90,000,000 | | Federal Tax(24%) | $21,600,000 | | Additional Federal Tax | $11,660,330 | | State Tax(3.15%) | $2,835,000 | | Net Lumpsum Payment | $53,904,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,040,302 |
$1,085,242
$95,770 |
$1,859,290 |
| 2 |
$3,192,408 |
$1,141,521
$100,561 |
$1,950,326 |
| 3 |
$3,351,988 |
$1,200,566
$105,588 |
$2,045,834 |
| 4 |
$3,519,648 |
$1,262,600
$110,869 |
$2,146,179 |
| 5 |
$3,695,590 |
$1,327,699
$116,411 |
$2,251,480 |
| 6 |
$3,880,420 |
$1,396,086
$122,233 |
$2,362,101 |
| 7 |
$4,074,340 |
$1,467,836
$128,342 |
$2,478,162 |
| 8 |
$4,278,158 |
$1,543,249
$134,762 |
$2,600,147 |
| 9 |
$4,492,076 |
$1,622,399
$141,500 |
$2,728,177 |
| 10 |
$4,716,700 |
$1,705,509
$148,576 |
$2,862,615 |
| 11 |
$4,952,434 |
$1,792,731
$156,002 |
$3,003,701 |
| 12 |
$5,200,086 |
$1,884,362
$163,803 |
$3,151,921 |
| 13 |
$5,460,060 |
$1,980,553
$171,992 |
$3,307,515 |
| 14 |
$5,733,164 |
$2,081,601
$180,595 |
$3,470,968 |
| 15 |
$6,019,802 |
$2,187,657
$189,624 |
$3,642,521 |
| 16 |
$6,320,782 |
$2,299,020
$199,105 |
$3,822,657 |
| 17 |
$6,636,710 |
$2,415,913
$209,056 |
$4,011,741 |
| 18 |
$6,968,596 |
$2,538,711
$219,511 |
$4,210,374 |
| 19 |
$7,317,046 |
$2,667,637
$230,487 |
$4,418,922 |
| 20 |
$7,682,868 |
$2,802,992
$242,010 |
$4,637,866 |
| 21 |
$8,067,072 |
$2,945,147
$254,113 |
$4,867,812 |
| 22 |
$8,470,466 |
$3,094,403
$266,820 |
$5,109,243 |
| 23 |
$8,893,858 |
$3,251,058
$280,157 |
$5,362,643 |
| 24 |
$9,338,662 |
$3,415,635
$294,168 |
$5,628,859 |
| 25 |
$9,805,484 |
$3,588,359
$308,873 |
$5,908,252 |
| 26 |
$10,295,940 |
$3,769,828
$324,322 |
$6,201,790 |
| 27 |
$10,810,636 |
$3,960,266
$340,535 |
$6,509,835 |
| 28 |
$11,351,188 |
$4,160,270
$357,562 |
$6,833,356 |
| 29 |
$11,918,808 |
$4,370,289
$375,442 |
$7,173,077 |
| 30 |
$12,514,708 |
$4,590,772
$394,213 |
$7,529,723 |
|
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