The jackpot for the MEGA Millions draw on Tue Jun 17, 2025, is projected to be $280 Million, with an option for a cash payout of $126.1 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 Jun 17, 2025 |
|---|
| Draw Date | Tue Jun 17, 2025 | | Projected Jackpot | $280,000,000 | | Cash Value | $126,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $126,100,000 | | Federal Tax(24%) | $30,264,000 | | Additional Federal Tax | $16,353,330 | | State Tax(3.15%) | $3,972,150 | | Net Lumpsum Payment | $75,510,520 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,214,280 |
$1,519,614
$132,750 |
$2,561,916 |
| 2 |
$4,425,120 |
$1,597,625
$139,391 |
$2,688,104 |
| 3 |
$4,646,320 |
$1,679,469
$146,359 |
$2,820,492 |
| 4 |
$4,878,720 |
$1,765,457
$153,680 |
$2,959,583 |
| 5 |
$5,122,600 |
$1,855,692
$161,362 |
$3,105,546 |
| 6 |
$5,378,800 |
$1,950,486
$169,432 |
$3,258,882 |
| 7 |
$5,647,600 |
$2,049,942
$177,899 |
$3,419,759 |
| 8 |
$5,930,120 |
$2,154,475
$186,799 |
$3,588,846 |
| 9 |
$6,226,640 |
$2,264,187
$196,139 |
$3,766,314 |
| 10 |
$6,538,000 |
$2,379,390
$205,947 |
$3,952,663 |
| 11 |
$6,864,760 |
$2,500,292
$216,240 |
$4,148,228 |
| 12 |
$7,208,040 |
$2,627,305
$227,053 |
$4,353,682 |
| 13 |
$7,568,400 |
$2,760,638
$238,405 |
$4,569,357 |
| 14 |
$7,946,960 |
$2,900,706
$250,329 |
$4,795,925 |
| 15 |
$8,344,280 |
$3,047,714
$262,845 |
$5,033,721 |
| 16 |
$8,761,480 |
$3,202,078
$275,987 |
$5,283,415 |
| 17 |
$9,199,400 |
$3,364,108
$289,781 |
$5,545,511 |
| 18 |
$9,659,440 |
$3,534,323
$304,272 |
$5,820,845 |
| 19 |
$10,142,440 |
$3,713,033
$319,487 |
$6,109,920 |
| 20 |
$10,649,520 |
$3,900,653
$335,460 |
$6,413,407 |
| 21 |
$11,182,080 |
$4,097,700
$352,236 |
$6,732,144 |
| 22 |
$11,741,240 |
$4,304,589
$369,849 |
$7,066,802 |
| 23 |
$12,328,120 |
$4,521,735
$388,336 |
$7,418,049 |
| 24 |
$12,944,680 |
$4,749,862
$407,757 |
$7,787,061 |
| 25 |
$13,591,760 |
$4,989,282
$428,140 |
$8,174,338 |
| 26 |
$14,271,600 |
$5,240,822
$449,555 |
$8,581,223 |
| 27 |
$14,985,040 |
$5,504,795
$472,029 |
$9,008,216 |
| 28 |
$15,734,320 |
$5,782,029
$495,631 |
$9,456,660 |
| 29 |
$16,521,120 |
$6,073,145
$520,415 |
$9,927,560 |
| 30 |
$17,347,120 |
$6,378,765
$546,434 |
$10,421,921 |
|
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