The jackpot for the MEGA Millions draw on Fri Jun 5, 2026, is projected to be $368 Million, with an option for a cash payout of $163.6 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 Jun 5, 2026 |
|---|
| Draw Date | Fri Jun 5, 2026 | | Projected Jackpot | $368,000,000 | | Cash Value | $163,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $163,600,000 | | Federal Tax(24%) | $39,264,000 | | Additional Federal Tax | $21,228,330 | | State Tax(3.15%) | $5,153,400 | | Net Lumpsum Payment | $97,954,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,538,768 |
$2,009,675
$174,471 |
$3,354,622 |
| 2 |
$5,815,872 |
$2,112,203
$183,200 |
$3,520,469 |
| 3 |
$6,106,592 |
$2,219,769
$192,358 |
$3,694,465 |
| 4 |
$6,412,032 |
$2,332,782
$201,979 |
$3,877,271 |
| 5 |
$6,732,560 |
$2,451,378
$212,076 |
$4,069,106 |
| 6 |
$7,069,280 |
$2,575,964
$222,682 |
$4,270,634 |
| 7 |
$7,422,560 |
$2,706,678
$233,811 |
$4,482,071 |
| 8 |
$7,793,872 |
$2,844,063
$245,507 |
$4,704,302 |
| 9 |
$8,183,584 |
$2,988,256
$257,783 |
$4,937,545 |
| 10 |
$8,592,800 |
$3,139,666
$270,673 |
$5,182,461 |
| 11 |
$9,022,256 |
$3,298,565
$284,201 |
$5,439,490 |
| 12 |
$9,473,424 |
$3,465,497
$298,413 |
$5,709,514 |
| 13 |
$9,947,040 |
$3,640,735
$313,332 |
$5,992,973 |
| 14 |
$10,444,576 |
$3,824,824
$329,004 |
$6,290,748 |
| 15 |
$10,966,768 |
$4,018,035
$345,453 |
$6,603,280 |
| 16 |
$11,515,088 |
$4,220,913
$362,725 |
$6,931,450 |
| 17 |
$12,090,640 |
$4,433,867
$380,855 |
$7,275,918 |
| 18 |
$12,695,264 |
$4,657,578
$399,901 |
$7,637,785 |
| 19 |
$13,330,064 |
$4,892,454
$419,897 |
$8,017,713 |
| 20 |
$13,996,512 |
$5,139,040
$440,890 |
$8,416,582 |
| 21 |
$14,696,448 |
$5,398,016
$462,938 |
$8,835,494 |
| 22 |
$15,431,344 |
$5,669,928
$486,087 |
$9,275,329 |
| 23 |
$16,202,672 |
$5,955,319
$510,384 |
$9,736,969 |
| 24 |
$17,013,008 |
$6,255,143
$535,910 |
$10,221,955 |
| 25 |
$17,863,456 |
$6,569,809
$562,699 |
$10,730,948 |
| 26 |
$18,756,960 |
$6,900,406
$590,844 |
$11,265,710 |
| 27 |
$19,694,624 |
$7,247,341
$620,381 |
$11,826,902 |
| 28 |
$20,679,392 |
$7,611,705
$651,401 |
$12,416,286 |
| 29 |
$21,713,472 |
$7,994,315
$683,974 |
$13,035,183 |
| 30 |
$22,799,072 |
$8,395,987
$718,171 |
$13,684,914 |
|
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