The jackpot for the MEGA Millions draw on Fri Jun 26, 2026, is projected to be $489 Million, with an option for a cash payout of $220.9 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 Jun 26, 2026 |
|---|
| Draw Date | Fri Jun 26, 2026 | | Projected Jackpot | $489,000,000 | | Cash Value | $220,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $220,900,000 | | Federal Tax(24%) | $53,016,000 | | Additional Federal Tax | $28,677,330 | | State Tax(3.15%) | $6,958,350 | | Net Lumpsum Payment | $132,248,320 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,359,939 |
$2,683,508
$231,838 |
$4,444,593 |
| 2 |
$7,728,156 |
$2,819,748
$243,437 |
$4,664,971 |
| 3 |
$8,114,466 |
$2,962,683
$255,606 |
$4,896,177 |
| 4 |
$8,520,336 |
$3,112,855
$268,391 |
$5,139,090 |
| 5 |
$8,946,255 |
$3,270,445
$281,807 |
$5,394,003 |
| 6 |
$9,393,690 |
$3,435,996
$295,901 |
$5,661,793 |
| 7 |
$9,863,130 |
$3,609,688
$310,689 |
$5,942,753 |
| 8 |
$10,356,531 |
$3,792,247
$326,231 |
$6,238,053 |
| 9 |
$10,874,382 |
$3,983,852
$342,543 |
$6,547,987 |
| 10 |
$11,418,150 |
$4,185,046
$359,672 |
$6,873,432 |
| 11 |
$11,988,813 |
$4,396,191
$377,648 |
$7,214,974 |
| 12 |
$12,588,327 |
$4,618,011
$396,532 |
$7,573,784 |
| 13 |
$13,217,670 |
$4,850,868
$416,357 |
$7,950,445 |
| 14 |
$13,878,798 |
$5,095,486
$437,182 |
$8,346,130 |
| 15 |
$14,572,689 |
$5,352,225
$459,040 |
$8,761,424 |
| 16 |
$15,301,299 |
$5,621,811
$481,991 |
$9,197,497 |
| 17 |
$16,066,095 |
$5,904,786
$506,082 |
$9,655,227 |
| 18 |
$16,869,522 |
$6,202,054
$531,390 |
$10,136,078 |
| 19 |
$17,713,047 |
$6,514,158
$557,961 |
$10,640,928 |
| 20 |
$18,598,626 |
$6,841,822
$585,857 |
$11,170,947 |
| 21 |
$19,528,704 |
$7,185,951
$615,154 |
$11,727,599 |
| 22 |
$20,505,237 |
$7,547,268
$645,915 |
$12,312,054 |
| 23 |
$21,530,181 |
$7,926,497
$678,201 |
$12,925,483 |
| 24 |
$22,606,959 |
$8,324,905
$712,119 |
$13,569,935 |
| 25 |
$23,737,038 |
$8,743,034
$747,717 |
$14,246,287 |
| 26 |
$24,924,330 |
$9,182,332
$785,116 |
$14,956,882 |
| 27 |
$26,170,302 |
$9,643,342
$824,365 |
$15,702,595 |
| 28 |
$27,478,866 |
$10,127,511
$865,584 |
$16,485,771 |
| 29 |
$28,852,956 |
$10,635,924
$908,868 |
$17,308,164 |
| 30 |
$30,295,506 |
$11,169,668
$954,308 |
$18,171,530 |
|
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