The jackpot for the MEGA Millions draw on Fri Apr 11, 2025, is projected to be $72 Million, with an option for a cash payout of $34.3 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 Apr 11, 2025 |
|---|
| Draw Date | Fri Apr 11, 2025 | | Projected Jackpot | $72,000,000 | | Cash Value | $34,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $34,300,000 | | Federal Tax(24%) | $8,232,000 | | Additional Federal Tax | $4,419,330 | | State Tax(3.15%) | $1,080,450 | | Net Lumpsum Payment | $20,568,220 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,083,672 |
$361,289
$34,136 |
$688,247 |
| 2 |
$1,137,888 |
$381,349
$35,843 |
$720,696 |
| 3 |
$1,194,768 |
$402,395
$37,635 |
$754,738 |
| 4 |
$1,254,528 |
$424,506
$39,518 |
$790,504 |
| 5 |
$1,317,240 |
$447,709
$41,493 |
$828,038 |
| 6 |
$1,383,120 |
$472,085
$43,568 |
$867,467 |
| 7 |
$1,452,240 |
$497,659
$45,746 |
$908,835 |
| 8 |
$1,524,888 |
$524,539
$48,034 |
$952,315 |
| 9 |
$1,601,136 |
$552,751
$50,436 |
$997,949 |
| 10 |
$1,681,200 |
$582,374
$52,958 |
$1,045,868 |
| 11 |
$1,765,224 |
$613,463
$55,605 |
$1,096,156 |
| 12 |
$1,853,496 |
$646,124
$58,385 |
$1,148,987 |
| 13 |
$1,946,160 |
$680,410
$61,304 |
$1,204,446 |
| 14 |
$2,043,504 |
$716,427
$64,370 |
$1,262,707 |
| 15 |
$2,145,672 |
$754,229
$67,589 |
$1,323,854 |
| 16 |
$2,252,952 |
$793,923
$70,968 |
$1,388,061 |
| 17 |
$2,365,560 |
$835,588
$74,515 |
$1,455,457 |
| 18 |
$2,483,856 |
$879,357
$78,241 |
$1,526,258 |
| 19 |
$2,608,056 |
$925,311
$82,154 |
$1,600,591 |
| 20 |
$2,738,448 |
$973,556
$86,261 |
$1,678,631 |
| 21 |
$2,875,392 |
$1,024,225
$90,575 |
$1,760,592 |
| 22 |
$3,019,176 |
$1,077,426
$95,104 |
$1,846,646 |
| 23 |
$3,170,088 |
$1,133,263
$99,858 |
$1,936,967 |
| 24 |
$3,328,632 |
$1,191,924
$104,852 |
$2,031,856 |
| 25 |
$3,495,024 |
$1,253,489
$110,093 |
$2,131,442 |
| 26 |
$3,669,840 |
$1,318,171
$115,600 |
$2,236,069 |
| 27 |
$3,853,296 |
$1,386,050
$121,379 |
$2,345,867 |
| 28 |
$4,045,968 |
$1,457,339
$127,448 |
$2,461,181 |
| 29 |
$4,248,288 |
$1,532,197
$133,821 |
$2,582,270 |
| 30 |
$4,460,688 |
$1,610,785
$140,512 |
$2,709,391 |
|
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