The jackpot for the MEGA Millions draw on Tue Feb 3, 2026, is projected to be $323 Million, with an option for a cash payout of $145.7 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 3, 2026 |
|---|
| Draw Date | Tue Feb 3, 2026 | | Projected Jackpot | $323,000,000 | | Cash Value | $145,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $145,700,000 | | Federal Tax(24%) | $34,968,000 | | Additional Federal Tax | $18,901,330 | | State Tax(3.15%) | $4,589,550 | | Net Lumpsum Payment | $87,241,120 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,861,473 |
$1,759,075
$153,136 |
$2,949,262 |
| 2 |
$5,104,692 |
$1,849,066
$160,798 |
$3,094,828 |
| 3 |
$5,359,862 |
$1,943,479
$168,836 |
$3,247,547 |
| 4 |
$5,627,952 |
$2,042,673
$177,280 |
$3,407,999 |
| 5 |
$5,909,285 |
$2,146,766
$186,142 |
$3,576,377 |
| 6 |
$6,204,830 |
$2,256,117
$195,452 |
$3,753,261 |
| 7 |
$6,514,910 |
$2,370,847
$205,220 |
$3,938,843 |
| 8 |
$6,840,817 |
$2,491,433
$215,486 |
$4,133,898 |
| 9 |
$7,182,874 |
$2,617,994
$226,261 |
$4,338,619 |
| 10 |
$7,542,050 |
$2,750,889
$237,575 |
$4,553,586 |
| 11 |
$7,918,991 |
$2,890,357
$249,448 |
$4,779,186 |
| 12 |
$8,314,989 |
$3,036,876
$261,922 |
$5,016,191 |
| 13 |
$8,730,690 |
$3,190,686
$275,017 |
$5,264,987 |
| 14 |
$9,167,386 |
$3,352,263
$288,773 |
$5,526,350 |
| 15 |
$9,625,723 |
$3,521,848
$303,210 |
$5,800,665 |
| 16 |
$10,106,993 |
$3,699,918
$318,370 |
$6,088,705 |
| 17 |
$10,612,165 |
$3,886,831
$334,283 |
$6,391,051 |
| 18 |
$11,142,854 |
$4,083,186
$351,000 |
$6,708,668 |
| 19 |
$11,700,029 |
$4,289,341
$368,551 |
$7,042,137 |
| 20 |
$12,284,982 |
$4,505,774
$386,977 |
$7,392,231 |
| 21 |
$12,899,328 |
$4,733,082
$406,329 |
$7,759,917 |
| 22 |
$13,544,359 |
$4,971,743
$426,647 |
$8,145,969 |
| 23 |
$14,221,367 |
$5,222,236
$447,973 |
$8,551,158 |
| 24 |
$14,932,613 |
$5,485,397
$470,377 |
$8,976,839 |
| 25 |
$15,679,066 |
$5,761,585
$493,891 |
$9,423,590 |
| 26 |
$16,463,310 |
$6,051,755
$518,594 |
$9,892,961 |
| 27 |
$17,286,314 |
$6,356,267
$544,519 |
$10,385,528 |
| 28 |
$18,150,662 |
$6,676,075
$571,746 |
$10,902,841 |
| 29 |
$19,058,292 |
$7,011,898
$600,336 |
$11,446,058 |
| 30 |
$20,011,142 |
$7,364,453
$630,351 |
$12,016,338 |
|
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