The jackpot for the MEGA Millions draw on Fri Aug 8, 2025, is projected to be $166 Million, with an option for a cash payout of $75.2 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 Aug 8, 2025 |
|---|
| Draw Date | Fri Aug 8, 2025 | | Projected Jackpot | $166,000,000 | | Cash Value | $75,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $75,200,000 | | Federal Tax(24%) | $18,048,000 | | Additional Federal Tax | $9,736,330 | | State Tax(3.15%) | $2,368,800 | | Net Lumpsum Payment | $45,046,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,498,466 |
$884,763
$78,702 |
$1,535,001 |
| 2 |
$2,623,464 |
$931,012
$82,639 |
$1,609,813 |
| 3 |
$2,754,604 |
$979,534
$86,770 |
$1,688,300 |
| 4 |
$2,892,384 |
$1,030,512
$91,110 |
$1,770,762 |
| 5 |
$3,036,970 |
$1,084,009
$95,665 |
$1,857,296 |
| 6 |
$3,188,860 |
$1,140,209
$100,449 |
$1,948,202 |
| 7 |
$3,348,220 |
$1,199,172
$105,469 |
$2,043,579 |
| 8 |
$3,515,714 |
$1,261,145
$110,745 |
$2,143,824 |
| 9 |
$3,691,508 |
$1,326,188
$116,283 |
$2,249,037 |
| 10 |
$3,876,100 |
$1,394,487
$122,097 |
$2,359,516 |
| 11 |
$4,069,822 |
$1,466,165
$128,199 |
$2,475,458 |
| 12 |
$4,273,338 |
$1,541,465
$134,610 |
$2,597,263 |
| 13 |
$4,486,980 |
$1,620,513
$141,340 |
$2,725,127 |
| 14 |
$4,711,412 |
$1,703,553
$148,409 |
$2,859,450 |
| 15 |
$4,946,966 |
$1,790,708
$155,829 |
$3,000,429 |
| 16 |
$5,194,306 |
$1,882,224
$163,621 |
$3,148,461 |
| 17 |
$5,453,930 |
$1,978,284
$171,799 |
$3,303,847 |
| 18 |
$5,726,668 |
$2,079,198
$180,390 |
$3,467,080 |
| 19 |
$6,013,018 |
$2,185,147
$189,410 |
$3,638,461 |
| 20 |
$6,313,644 |
$2,296,379
$198,880 |
$3,818,385 |
| 21 |
$6,629,376 |
$2,413,200
$208,825 |
$4,007,351 |
| 22 |
$6,960,878 |
$2,535,855
$219,268 |
$4,205,755 |
| 23 |
$7,308,814 |
$2,664,592
$230,228 |
$4,413,994 |
| 24 |
$7,674,346 |
$2,799,838
$241,742 |
$4,632,766 |
| 25 |
$8,057,972 |
$2,941,780
$253,826 |
$4,862,366 |
| 26 |
$8,461,020 |
$3,090,908
$266,522 |
$5,103,590 |
| 27 |
$8,883,988 |
$3,247,406
$279,846 |
$5,356,736 |
| 28 |
$9,328,204 |
$3,411,766
$293,838 |
$5,622,600 |
| 29 |
$9,794,664 |
$3,584,356
$308,532 |
$5,901,776 |
| 30 |
$10,284,364 |
$3,765,545
$323,957 |
$6,194,862 |
|
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