The jackpot for the MEGA Millions draw on Tue May 13, 2025, is projected to be $110 Million, with an option for a cash payout of $49.4 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 May 13, 2025 |
|---|
| Draw Date | Tue May 13, 2025 | | Projected Jackpot | $110,000,000 | | Cash Value | $49,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $49,400,000 | | Federal Tax(24%) | $11,856,000 | | Additional Federal Tax | $6,382,330 | | State Tax(3.15%) | $1,556,100 | | Net Lumpsum Payment | $29,605,570 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,655,610 |
$572,906
$52,152 |
$1,030,552 |
| 2 |
$1,738,440 |
$603,553
$54,761 |
$1,080,126 |
| 3 |
$1,825,340 |
$635,706
$57,498 |
$1,132,136 |
| 4 |
$1,916,640 |
$669,487
$60,374 |
$1,186,779 |
| 5 |
$2,012,450 |
$704,937
$63,392 |
$1,244,121 |
| 6 |
$2,113,100 |
$742,177
$66,563 |
$1,304,360 |
| 7 |
$2,218,700 |
$781,249
$69,889 |
$1,367,562 |
| 8 |
$2,329,690 |
$822,316
$73,385 |
$1,433,989 |
| 9 |
$2,446,180 |
$865,417
$77,055 |
$1,503,708 |
| 10 |
$2,568,500 |
$910,675
$80,908 |
$1,576,917 |
| 11 |
$2,696,870 |
$958,172
$84,951 |
$1,653,747 |
| 12 |
$2,831,730 |
$1,008,070
$89,199 |
$1,734,461 |
| 13 |
$2,973,300 |
$1,060,451
$93,659 |
$1,819,190 |
| 14 |
$3,122,020 |
$1,115,478
$98,344 |
$1,908,198 |
| 15 |
$3,278,110 |
$1,173,231
$103,260 |
$2,001,619 |
| 16 |
$3,442,010 |
$1,233,874
$108,423 |
$2,099,713 |
| 17 |
$3,614,050 |
$1,297,529
$113,843 |
$2,202,678 |
| 18 |
$3,794,780 |
$1,364,399
$119,536 |
$2,310,845 |
| 19 |
$3,984,530 |
$1,434,606
$125,513 |
$2,424,411 |
| 20 |
$4,183,740 |
$1,508,314
$131,788 |
$2,543,638 |
| 21 |
$4,392,960 |
$1,585,726
$138,378 |
$2,668,856 |
| 22 |
$4,612,630 |
$1,667,003
$145,298 |
$2,800,329 |
| 23 |
$4,843,190 |
$1,752,311
$152,560 |
$2,938,319 |
| 24 |
$5,085,410 |
$1,841,932
$160,190 |
$3,083,288 |
| 25 |
$5,339,620 |
$1,935,990
$168,198 |
$3,235,432 |
| 26 |
$5,606,700 |
$2,034,809
$176,611 |
$3,395,280 |
| 27 |
$5,886,980 |
$2,138,513
$185,440 |
$3,563,027 |
| 28 |
$6,181,340 |
$2,247,426
$194,712 |
$3,739,202 |
| 29 |
$6,490,440 |
$2,361,793
$204,449 |
$3,924,198 |
| 30 |
$6,814,940 |
$2,481,858
$214,671 |
$4,118,411 |
|
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