The jackpot for the MEGA Millions draw on Tue Oct 28, 2025, is projected to be $714 Million, with an option for a cash payout of $334.1 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 Oct 28, 2025 |
|---|
| Draw Date | Tue Oct 28, 2025 | | Projected Jackpot | $714,000,000 | | Cash Value | $334,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $334,100,000 | | Federal Tax(24%) | $80,184,000 | | Additional Federal Tax | $43,393,330 | | State Tax(3.15%) | $10,524,150 | | Net Lumpsum Payment | $199,998,520 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,746,414 |
$3,936,504
$338,512 |
$6,471,398 |
| 2 |
$11,284,056 |
$4,135,431
$355,448 |
$6,793,177 |
| 3 |
$11,848,116 |
$4,344,133
$373,216 |
$7,130,767 |
| 4 |
$12,440,736 |
$4,563,403
$391,883 |
$7,485,450 |
| 5 |
$13,062,630 |
$4,793,503
$411,473 |
$7,857,654 |
| 6 |
$13,715,940 |
$5,035,228
$432,052 |
$8,248,660 |
| 7 |
$14,401,380 |
$5,288,841
$453,643 |
$8,658,896 |
| 8 |
$15,121,806 |
$5,555,399
$476,337 |
$9,090,070 |
| 9 |
$15,877,932 |
$5,835,165
$500,155 |
$9,542,612 |
| 10 |
$16,671,900 |
$6,128,933
$525,165 |
$10,017,802 |
| 11 |
$17,505,138 |
$6,437,231
$551,412 |
$10,516,495 |
| 12 |
$18,380,502 |
$6,761,116
$578,986 |
$11,040,400 |
| 13 |
$19,299,420 |
$7,101,116
$607,932 |
$11,590,372 |
| 14 |
$20,264,748 |
$7,458,287
$638,340 |
$12,168,121 |
| 15 |
$21,277,914 |
$7,833,159
$670,254 |
$12,774,501 |
| 16 |
$22,341,774 |
$8,226,787
$703,766 |
$13,411,221 |
| 17 |
$23,458,470 |
$8,639,964
$738,942 |
$14,079,564 |
| 18 |
$24,631,572 |
$9,074,012
$775,895 |
$14,781,665 |
| 19 |
$25,863,222 |
$9,529,723
$814,691 |
$15,518,808 |
| 20 |
$27,156,276 |
$10,008,153
$855,423 |
$16,292,700 |
| 21 |
$28,514,304 |
$10,510,623
$898,201 |
$17,105,480 |
| 22 |
$29,940,162 |
$11,038,190
$943,115 |
$17,958,857 |
| 23 |
$31,436,706 |
$11,591,912
$990,256 |
$18,854,538 |
| 24 |
$33,008,934 |
$12,173,636
$1,039,781 |
$19,795,517 |
| 25 |
$34,658,988 |
$12,784,156
$1,091,758 |
$20,783,074 |
| 26 |
$36,392,580 |
$13,425,585
$1,146,366 |
$21,820,629 |
| 27 |
$38,211,852 |
$14,098,716
$1,203,673 |
$22,909,463 |
| 28 |
$40,122,516 |
$14,805,661
$1,263,859 |
$24,052,996 |
| 29 |
$42,128,856 |
$15,548,007
$1,327,059 |
$25,253,790 |
| 30 |
$44,235,156 |
$16,327,338
$1,393,407 |
$26,514,411 |
|
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