The jackpot for the MEGA Millions draw on Fri Feb 6, 2026, is projected to be $346 Million, with an option for a cash payout of $156.1 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 Fri Feb 6, 2026 |
|---|
| Draw Date | Fri Feb 6, 2026 | | Projected Jackpot | $346,000,000 | | Cash Value | $156,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $156,100,000 | | Federal Tax(24%) | $37,464,000 | | Additional Federal Tax | $20,253,330 | | State Tax(3.15%) | $4,917,150 | | Net Lumpsum Payment | $93,465,520 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,207,646 |
$1,887,159
$164,041 |
$3,156,446 |
| 2 |
$5,468,184 |
$1,983,558
$172,248 |
$3,312,378 |
| 3 |
$5,741,524 |
$2,084,694
$180,858 |
$3,475,972 |
| 4 |
$6,028,704 |
$2,190,951
$189,904 |
$3,647,849 |
| 5 |
$6,330,070 |
$2,302,456
$199,397 |
$3,828,217 |
| 6 |
$6,646,660 |
$2,419,595
$209,370 |
$4,017,695 |
| 7 |
$6,978,820 |
$2,542,494
$219,833 |
$4,216,493 |
| 8 |
$7,327,934 |
$2,671,666
$230,830 |
$4,425,438 |
| 9 |
$7,694,348 |
$2,807,239
$242,372 |
$4,644,737 |
| 10 |
$8,079,100 |
$2,949,597
$254,492 |
$4,875,011 |
| 11 |
$8,482,882 |
$3,098,997
$267,211 |
$5,116,674 |
| 12 |
$8,907,078 |
$3,255,949
$280,573 |
$5,370,556 |
| 13 |
$9,352,380 |
$3,420,711
$294,600 |
$5,637,069 |
| 14 |
$9,820,172 |
$3,593,794
$309,335 |
$5,917,043 |
| 15 |
$10,311,146 |
$3,775,454
$324,801 |
$6,210,891 |
| 16 |
$10,826,686 |
$3,966,204
$341,041 |
$6,519,441 |
| 17 |
$11,367,830 |
$4,166,427
$358,087 |
$6,843,316 |
| 18 |
$11,936,308 |
$4,376,764
$375,994 |
$7,183,550 |
| 19 |
$12,533,158 |
$4,597,599
$394,794 |
$7,540,765 |
| 20 |
$13,159,764 |
$4,829,443
$414,533 |
$7,915,788 |
| 21 |
$13,817,856 |
$5,072,937
$435,262 |
$8,309,657 |
| 22 |
$14,508,818 |
$5,328,593
$457,028 |
$8,723,197 |
| 23 |
$15,234,034 |
$5,596,923
$479,872 |
$9,157,239 |
| 24 |
$15,995,926 |
$5,878,823
$503,872 |
$9,613,231 |
| 25 |
$16,795,532 |
$6,174,677
$529,059 |
$10,091,796 |
| 26 |
$17,635,620 |
$6,485,510
$555,522 |
$10,594,588 |
| 27 |
$18,517,228 |
$6,811,705
$583,293 |
$11,122,230 |
| 28 |
$19,443,124 |
$7,154,286
$612,458 |
$11,676,380 |
| 29 |
$20,415,384 |
$7,514,022
$643,085 |
$12,258,277 |
| 30 |
$21,436,084 |
$7,891,681
$675,237 |
$12,869,166 |
|
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