The jackpot for the MEGA Millions draw on Tue Feb 24, 2026, is projected to be $438 Million, with an option for a cash payout of $203.1 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 Feb 24, 2026 |
|---|
| Draw Date | Tue Feb 24, 2026 | | Projected Jackpot | $438,000,000 | | Cash Value | $203,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $203,100,000 | | Federal Tax(24%) | $48,744,000 | | Additional Federal Tax | $26,363,330 | | State Tax(3.15%) | $6,397,650 | | Net Lumpsum Payment | $121,595,020 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,592,338 |
$2,399,495
$207,659 |
$3,985,184 |
| 2 |
$6,922,152 |
$2,521,527
$218,048 |
$4,182,577 |
| 3 |
$7,268,172 |
$2,649,554
$228,947 |
$4,389,671 |
| 4 |
$7,631,712 |
$2,784,064
$240,399 |
$4,607,249 |
| 5 |
$8,013,210 |
$2,925,218
$252,416 |
$4,835,576 |
| 6 |
$8,413,980 |
$3,073,503
$265,040 |
$5,075,437 |
| 7 |
$8,834,460 |
$3,229,081
$278,285 |
$5,327,094 |
| 8 |
$9,276,402 |
$3,392,599
$292,207 |
$5,591,596 |
| 9 |
$9,740,244 |
$3,564,221
$306,818 |
$5,869,205 |
| 10 |
$10,227,300 |
$3,744,431
$322,160 |
$6,160,709 |
| 11 |
$10,738,446 |
$3,933,555
$338,261 |
$6,466,630 |
| 12 |
$11,275,434 |
$4,132,241
$355,176 |
$6,788,017 |
| 13 |
$11,839,140 |
$4,340,812
$372,933 |
$7,125,395 |
| 14 |
$12,431,316 |
$4,559,917
$391,586 |
$7,479,813 |
| 15 |
$13,052,838 |
$4,789,880
$411,164 |
$7,851,794 |
| 16 |
$13,705,458 |
$5,031,350
$431,722 |
$8,242,386 |
| 17 |
$14,390,490 |
$5,284,812
$453,300 |
$8,652,378 |
| 18 |
$15,110,124 |
$5,551,076
$475,969 |
$9,083,079 |
| 19 |
$15,865,674 |
$5,830,630
$499,769 |
$9,535,275 |
| 20 |
$16,658,892 |
$6,124,120
$524,755 |
$10,010,017 |
| 21 |
$17,491,968 |
$6,432,359
$550,997 |
$10,508,612 |
| 22 |
$18,366,654 |
$6,755,992
$578,550 |
$11,032,112 |
| 23 |
$19,284,702 |
$7,095,670
$607,468 |
$11,581,564 |
| 24 |
$20,249,178 |
$7,452,526
$637,849 |
$12,158,803 |
| 25 |
$21,261,396 |
$7,827,047
$669,734 |
$12,764,615 |
| 26 |
$22,324,860 |
$8,220,529
$703,233 |
$13,401,098 |
| 27 |
$23,440,884 |
$8,633,457
$738,388 |
$14,069,039 |
| 28 |
$24,612,972 |
$9,067,130
$775,309 |
$14,770,533 |
| 29 |
$25,843,752 |
$9,522,519
$814,078 |
$15,507,155 |
| 30 |
$27,135,852 |
$10,000,596
$854,779 |
$16,280,477 |
|
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