The jackpot for the MEGA Millions draw on Tue Feb 10, 2026, is projected to be $366 Million, with an option for a cash payout of $165.6 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 Feb 10, 2026 |
|---|
| Draw Date | Tue Feb 10, 2026 | | Projected Jackpot | $366,000,000 | | Cash Value | $165,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $165,600,000 | | Federal Tax(24%) | $39,744,000 | | Additional Federal Tax | $21,488,330 | | State Tax(3.15%) | $5,216,400 | | Net Lumpsum Payment | $99,151,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,508,666 |
$1,998,537
$173,523 |
$3,336,606 |
| 2 |
$5,784,264 |
$2,100,508
$182,204 |
$3,501,552 |
| 3 |
$6,073,404 |
$2,207,490
$191,312 |
$3,674,602 |
| 4 |
$6,377,184 |
$2,319,888
$200,881 |
$3,856,415 |
| 5 |
$6,695,970 |
$2,437,839
$210,923 |
$4,047,208 |
| 6 |
$7,030,860 |
$2,561,749
$221,472 |
$4,247,639 |
| 7 |
$7,382,220 |
$2,691,752
$232,540 |
$4,457,928 |
| 8 |
$7,751,514 |
$2,828,391
$244,173 |
$4,678,950 |
| 9 |
$8,139,108 |
$2,971,800
$256,382 |
$4,910,926 |
| 10 |
$8,546,100 |
$3,122,387
$269,202 |
$5,154,511 |
| 11 |
$8,973,222 |
$3,280,423
$282,656 |
$5,410,143 |
| 12 |
$9,421,938 |
$3,446,447
$296,791 |
$5,678,700 |
| 13 |
$9,892,980 |
$3,620,733
$311,629 |
$5,960,618 |
| 14 |
$10,387,812 |
$3,803,821
$327,216 |
$6,256,775 |
| 15 |
$10,907,166 |
$3,995,982
$343,576 |
$6,567,608 |
| 16 |
$11,452,506 |
$4,197,758
$360,754 |
$6,893,994 |
| 17 |
$12,024,930 |
$4,409,554
$378,785 |
$7,236,591 |
| 18 |
$12,626,268 |
$4,632,050
$397,727 |
$7,596,491 |
| 19 |
$13,257,618 |
$4,865,649
$417,615 |
$7,974,354 |
| 20 |
$13,920,444 |
$5,110,895
$438,494 |
$8,371,055 |
| 21 |
$14,616,576 |
$5,368,464
$460,422 |
$8,787,690 |
| 22 |
$15,347,478 |
$5,638,897
$483,446 |
$9,225,135 |
| 23 |
$16,114,614 |
$5,922,738
$507,610 |
$9,684,266 |
| 24 |
$16,920,546 |
$6,220,932
$532,997 |
$10,166,617 |
| 25 |
$17,766,372 |
$6,533,888
$559,641 |
$10,672,843 |
| 26 |
$18,655,020 |
$6,862,688
$587,633 |
$11,204,699 |
| 27 |
$19,587,588 |
$7,207,738
$617,009 |
$11,762,841 |
| 28 |
$20,567,004 |
$7,570,122
$647,861 |
$12,349,021 |
| 29 |
$21,595,464 |
$7,950,652
$680,257 |
$12,964,555 |
| 30 |
$22,675,164 |
$8,350,141
$714,268 |
$13,610,755 |
|
|
