The jackpot for the MEGA Millions draw on Fri Sep 18, 2026, is projected to be $244 Million, with an option for a cash payout of $103.5 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 Sep 18, 2026 |
|---|
| Draw Date | Fri Sep 18, 2026 | | Projected Jackpot | $244,000,000 | | Cash Value | $103,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $103,500,000 | | Federal Tax(24%) | $24,840,000 | | Additional Federal Tax | $13,415,330 | | State Tax(3.15%) | $3,260,250 | | Net Lumpsum Payment | $61,984,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,672,444 |
$1,319,135
$115,682 |
$2,237,627 |
| 2 |
$3,856,176 |
$1,387,116
$121,470 |
$2,347,590 |
| 3 |
$4,048,936 |
$1,458,437
$127,541 |
$2,462,958 |
| 4 |
$4,251,456 |
$1,533,369
$133,921 |
$2,584,166 |
| 5 |
$4,463,980 |
$1,612,003
$140,615 |
$2,711,362 |
| 6 |
$4,687,240 |
$1,694,609
$147,648 |
$2,844,983 |
| 7 |
$4,921,480 |
$1,781,278
$155,027 |
$2,985,175 |
| 8 |
$5,167,676 |
$1,872,371
$162,782 |
$3,132,523 |
| 9 |
$5,426,072 |
$1,967,977
$170,921 |
$3,287,174 |
| 10 |
$5,697,400 |
$2,068,368
$179,468 |
$3,449,564 |
| 11 |
$5,982,148 |
$2,173,725
$188,438 |
$3,619,985 |
| 12 |
$6,281,292 |
$2,284,408
$197,861 |
$3,799,023 |
| 13 |
$6,595,320 |
$2,400,599
$207,753 |
$3,986,968 |
| 14 |
$6,925,208 |
$2,522,657
$218,144 |
$4,184,407 |
| 15 |
$7,271,444 |
$2,650,765
$229,050 |
$4,391,629 |
| 16 |
$7,635,004 |
$2,785,282
$240,503 |
$4,609,219 |
| 17 |
$8,016,620 |
$2,926,480
$252,524 |
$4,837,616 |
| 18 |
$8,417,512 |
$3,074,810
$265,152 |
$5,077,550 |
| 19 |
$8,838,412 |
$3,230,543
$278,410 |
$5,329,459 |
| 20 |
$9,280,296 |
$3,394,040
$292,329 |
$5,593,927 |
| 21 |
$9,744,384 |
$3,565,752
$306,948 |
$5,871,684 |
| 22 |
$10,231,652 |
$3,746,042
$322,297 |
$6,163,313 |
| 23 |
$10,743,076 |
$3,935,269
$338,407 |
$6,469,400 |
| 24 |
$11,280,364 |
$4,134,065
$355,331 |
$6,790,968 |
| 25 |
$11,844,248 |
$4,342,702
$373,094 |
$7,128,452 |
| 26 |
$12,436,680 |
$4,561,902
$391,755 |
$7,483,023 |
| 27 |
$13,058,392 |
$4,791,935
$411,339 |
$7,855,118 |
| 28 |
$13,711,336 |
$5,033,525
$431,907 |
$8,245,904 |
| 29 |
$14,396,976 |
$5,287,212
$453,505 |
$8,656,259 |
| 30 |
$15,116,776 |
$5,553,538
$476,178 |
$9,087,060 |
|
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