The jackpot for the MEGA Millions draw on Tue Apr 29, 2025, is projected to be $70 Million, with an option for a cash payout of $31.8 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 Apr 29, 2025 |
|---|
| Draw Date | Tue Apr 29, 2025 | | Projected Jackpot | $70,000,000 | | Cash Value | $31,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $31,800,000 | | Federal Tax(24%) | $7,632,000 | | Additional Federal Tax | $4,094,330 | | State Tax(3.15%) | $1,001,700 | | Net Lumpsum Payment | $19,071,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,053,570 |
$350,151
$33,187 |
$670,232 |
| 2 |
$1,106,280 |
$369,654
$34,848 |
$701,778 |
| 3 |
$1,161,580 |
$390,115
$36,590 |
$734,875 |
| 4 |
$1,219,680 |
$411,612
$38,420 |
$769,648 |
| 5 |
$1,280,650 |
$434,171
$40,340 |
$806,139 |
| 6 |
$1,344,700 |
$457,869
$42,358 |
$844,473 |
| 7 |
$1,411,900 |
$482,733
$44,475 |
$884,692 |
| 8 |
$1,482,530 |
$508,866
$46,700 |
$926,964 |
| 9 |
$1,556,660 |
$536,295
$49,035 |
$971,330 |
| 10 |
$1,634,500 |
$565,095
$51,487 |
$1,017,918 |
| 11 |
$1,716,190 |
$595,321
$54,060 |
$1,066,809 |
| 12 |
$1,802,010 |
$627,074
$56,763 |
$1,118,173 |
| 13 |
$1,892,100 |
$660,407
$59,601 |
$1,172,092 |
| 14 |
$1,986,740 |
$695,424
$62,582 |
$1,228,734 |
| 15 |
$2,086,070 |
$732,176
$65,711 |
$1,288,183 |
| 16 |
$2,190,370 |
$770,767
$68,997 |
$1,350,606 |
| 17 |
$2,299,850 |
$811,275
$72,445 |
$1,416,130 |
| 18 |
$2,414,860 |
$853,829
$76,068 |
$1,484,963 |
| 19 |
$2,535,610 |
$898,506
$79,872 |
$1,557,232 |
| 20 |
$2,662,380 |
$945,411
$83,865 |
$1,633,104 |
| 21 |
$2,795,520 |
$994,673
$88,059 |
$1,712,788 |
| 22 |
$2,935,310 |
$1,046,395
$92,462 |
$1,796,453 |
| 23 |
$3,082,030 |
$1,100,681
$97,084 |
$1,884,265 |
| 24 |
$3,236,170 |
$1,157,713
$101,939 |
$1,976,518 |
| 25 |
$3,397,940 |
$1,217,568
$107,035 |
$2,073,337 |
| 26 |
$3,567,900 |
$1,280,453
$112,389 |
$2,175,058 |
| 27 |
$3,746,260 |
$1,346,447
$118,007 |
$2,281,806 |
| 28 |
$3,933,580 |
$1,415,755
$123,908 |
$2,393,917 |
| 29 |
$4,130,280 |
$1,488,534
$130,104 |
$2,511,642 |
| 30 |
$4,336,780 |
$1,564,939
$136,609 |
$2,635,232 |
|
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