The jackpot for the MEGA Millions draw on Fri Oct 9, 2026, is projected to be $364 Million, with an option for a cash payout of $147.3 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 Oct 9, 2026 |
|---|
| Draw Date | Fri Oct 9, 2026 | | Projected Jackpot | $364,000,000 | | Cash Value | $147,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $147,300,000 | | Federal Tax(24%) | $35,352,000 | | Additional Federal Tax | $19,109,330 | | State Tax(3.15%) | $4,639,950 | | Net Lumpsum Payment | $88,198,720 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,478,564 |
$1,987,399
$172,575 |
$3,318,590 |
| 2 |
$5,752,656 |
$2,088,813
$181,209 |
$3,482,634 |
| 3 |
$6,040,216 |
$2,195,210
$190,267 |
$3,654,739 |
| 4 |
$6,342,336 |
$2,306,995
$199,784 |
$3,835,557 |
| 5 |
$6,659,380 |
$2,424,301
$209,770 |
$4,025,309 |
| 6 |
$6,992,440 |
$2,547,533
$220,262 |
$4,224,645 |
| 7 |
$7,341,880 |
$2,676,826
$231,269 |
$4,433,785 |
| 8 |
$7,709,156 |
$2,812,718
$242,838 |
$4,653,600 |
| 9 |
$8,094,632 |
$2,955,344
$254,981 |
$4,884,307 |
| 10 |
$8,499,400 |
$3,105,108
$267,731 |
$5,126,561 |
| 11 |
$8,924,188 |
$3,262,280
$281,112 |
$5,380,796 |
| 12 |
$9,370,452 |
$3,427,398
$295,169 |
$5,647,885 |
| 13 |
$9,838,920 |
$3,600,731
$309,926 |
$5,928,263 |
| 14 |
$10,331,048 |
$3,782,818
$325,428 |
$6,222,802 |
| 15 |
$10,847,564 |
$3,973,929
$341,698 |
$6,531,937 |
| 16 |
$11,389,924 |
$4,174,602
$358,783 |
$6,856,539 |
| 17 |
$11,959,220 |
$4,385,242
$376,715 |
$7,197,263 |
| 18 |
$12,557,272 |
$4,606,521
$395,554 |
$7,555,197 |
| 19 |
$13,185,172 |
$4,838,844
$415,333 |
$7,930,995 |
| 20 |
$13,844,376 |
$5,082,750
$436,098 |
$8,325,528 |
| 21 |
$14,536,704 |
$5,338,911
$457,906 |
$8,739,887 |
| 22 |
$15,263,612 |
$5,607,867
$480,804 |
$9,174,941 |
| 23 |
$16,026,556 |
$5,890,156
$504,837 |
$9,631,563 |
| 24 |
$16,828,084 |
$6,186,721
$530,085 |
$10,111,278 |
| 25 |
$17,669,288 |
$6,497,967
$556,583 |
$10,614,738 |
| 26 |
$18,553,080 |
$6,824,970
$584,422 |
$11,143,688 |
| 27 |
$19,480,552 |
$7,168,135
$613,637 |
$11,698,780 |
| 28 |
$20,454,616 |
$7,528,538
$644,320 |
$12,281,758 |
| 29 |
$21,477,456 |
$7,906,989
$676,540 |
$12,893,927 |
| 30 |
$22,551,256 |
$8,304,295
$710,365 |
$13,536,596 |
|
|
