The jackpot for the MEGA Millions draw on Tue Oct 7, 2025, is projected to be $547 Million, with an option for a cash payout of $251.7 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 Oct 7, 2025 |
|---|
| Draw Date | Tue Oct 7, 2025 | | Projected Jackpot | $547,000,000 | | Cash Value | $251,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $251,700,000 | | Federal Tax(24%) | $60,408,000 | | Additional Federal Tax | $32,681,330 | | State Tax(3.15%) | $7,928,550 | | Net Lumpsum Payment | $150,682,120 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,232,897 |
$3,006,502
$259,336 |
$4,967,059 |
| 2 |
$8,644,788 |
$3,158,902
$272,311 |
$5,213,575 |
| 3 |
$9,076,918 |
$3,318,790
$285,923 |
$5,472,205 |
| 4 |
$9,530,928 |
$3,486,774
$300,224 |
$5,743,930 |
| 5 |
$10,007,365 |
$3,663,055
$315,232 |
$6,029,078 |
| 6 |
$10,507,870 |
$3,848,242
$330,998 |
$6,328,630 |
| 7 |
$11,032,990 |
$4,042,537
$347,539 |
$6,642,914 |
| 8 |
$11,584,913 |
$4,246,748
$364,925 |
$6,973,240 |
| 9 |
$12,164,186 |
$4,461,079
$383,172 |
$7,319,935 |
| 10 |
$12,772,450 |
$4,686,137
$402,332 |
$7,683,981 |
| 11 |
$13,410,799 |
$4,922,326
$422,440 |
$8,066,033 |
| 12 |
$14,081,421 |
$5,170,456
$443,565 |
$8,467,400 |
| 13 |
$14,785,410 |
$5,430,932
$465,740 |
$8,888,738 |
| 14 |
$15,524,954 |
$5,704,563
$489,036 |
$9,331,355 |
| 15 |
$16,301,147 |
$5,991,755
$513,486 |
$9,795,906 |
| 16 |
$17,116,177 |
$6,293,316
$539,160 |
$10,283,701 |
| 17 |
$17,971,685 |
$6,609,854
$566,108 |
$10,795,723 |
| 18 |
$18,870,406 |
$6,942,381
$594,418 |
$11,333,607 |
| 19 |
$19,813,981 |
$7,291,503
$624,140 |
$11,898,338 |
| 20 |
$20,804,598 |
$7,658,032
$655,345 |
$12,491,221 |
| 21 |
$21,844,992 |
$8,042,977
$688,117 |
$13,113,898 |
| 22 |
$22,937,351 |
$8,447,150
$722,527 |
$13,767,674 |
| 23 |
$24,083,863 |
$8,871,360
$758,642 |
$14,453,861 |
| 24 |
$25,288,357 |
$9,317,022
$796,583 |
$15,174,752 |
| 25 |
$26,552,474 |
$9,784,746
$836,403 |
$15,931,325 |
| 26 |
$27,880,590 |
$10,276,149
$878,239 |
$16,726,202 |
| 27 |
$29,274,346 |
$10,791,838
$922,142 |
$17,560,366 |
| 28 |
$30,738,118 |
$11,333,434
$968,251 |
$18,436,433 |
| 29 |
$32,275,188 |
$11,902,150
$1,016,668 |
$19,356,370 |
| 30 |
$33,888,838 |
$12,499,200
$1,067,498 |
$20,322,140 |
|
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