The jackpot for the MEGA Millions draw on Fri Dec 26, 2025, is projected to be $125 Million, with an option for a cash payout of $56.9 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 Dec 26, 2025 |
|---|
| Draw Date | Fri Dec 26, 2025 | | Projected Jackpot | $125,000,000 | | Cash Value | $56,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $56,900,000 | | Federal Tax(24%) | $13,656,000 | | Additional Federal Tax | $7,357,330 | | State Tax(3.15%) | $1,792,350 | | Net Lumpsum Payment | $34,094,320 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,881,375 |
$656,439
$59,263 |
$1,165,673 |
| 2 |
$1,975,500 |
$691,265
$62,228 |
$1,222,007 |
| 3 |
$2,074,250 |
$727,803
$65,339 |
$1,281,108 |
| 4 |
$2,178,000 |
$766,190
$68,607 |
$1,343,203 |
| 5 |
$2,286,875 |
$806,474
$72,037 |
$1,408,364 |
| 6 |
$2,401,250 |
$848,793
$75,639 |
$1,476,818 |
| 7 |
$2,521,250 |
$893,193
$79,419 |
$1,548,638 |
| 8 |
$2,647,375 |
$939,859
$83,392 |
$1,624,124 |
| 9 |
$2,779,750 |
$988,838
$87,562 |
$1,703,350 |
| 10 |
$2,918,750 |
$1,040,268
$91,941 |
$1,786,541 |
| 11 |
$3,064,625 |
$1,094,242
$96,536 |
$1,873,847 |
| 12 |
$3,217,875 |
$1,150,944
$101,363 |
$1,965,568 |
| 13 |
$3,378,750 |
$1,210,468
$106,431 |
$2,061,851 |
| 14 |
$3,547,750 |
$1,272,998
$111,754 |
$2,162,998 |
| 15 |
$3,725,125 |
$1,338,627
$117,341 |
$2,269,157 |
| 16 |
$3,911,375 |
$1,407,539
$123,208 |
$2,380,628 |
| 17 |
$4,106,875 |
$1,479,874
$129,367 |
$2,497,634 |
| 18 |
$4,312,250 |
$1,555,863
$135,836 |
$2,620,551 |
| 19 |
$4,527,875 |
$1,635,644
$142,628 |
$2,749,603 |
| 20 |
$4,754,250 |
$1,719,403
$149,759 |
$2,885,088 |
| 21 |
$4,992,000 |
$1,807,370
$157,248 |
$3,027,382 |
| 22 |
$5,241,625 |
$1,899,732
$165,111 |
$3,176,782 |
| 23 |
$5,503,625 |
$1,996,672
$173,364 |
$3,333,589 |
| 24 |
$5,778,875 |
$2,098,514
$182,035 |
$3,498,326 |
| 25 |
$6,067,750 |
$2,205,398
$191,134 |
$3,671,218 |
| 26 |
$6,371,250 |
$2,317,693
$200,694 |
$3,852,863 |
| 27 |
$6,689,750 |
$2,435,538
$210,727 |
$4,043,485 |
| 28 |
$7,024,250 |
$2,559,303
$221,264 |
$4,243,683 |
| 29 |
$7,375,500 |
$2,689,265
$232,328 |
$4,453,907 |
| 30 |
$7,744,250 |
$2,825,703
$243,944 |
$4,674,603 |
|
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