The jackpot for the MEGA Millions draw on Fri Jan 2, 2026, is projected to be $157 Million, with an option for a cash payout of $72 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 Jan 2, 2026 |
|---|
| Draw Date | Fri Jan 2, 2026 | | Projected Jackpot | $157,000,000 | | Cash Value | $72,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $72,000,000 | | Federal Tax(24%) | $17,280,000 | | Additional Federal Tax | $9,320,330 | | State Tax(3.15%) | $2,268,000 | | Net Lumpsum Payment | $43,131,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,363,007 |
$834,643
$74,435 |
$1,453,929 |
| 2 |
$2,481,228 |
$878,385
$78,159 |
$1,524,684 |
| 3 |
$2,605,258 |
$924,276
$82,066 |
$1,598,916 |
| 4 |
$2,735,568 |
$972,491
$86,170 |
$1,676,907 |
| 5 |
$2,872,315 |
$1,023,087
$90,478 |
$1,758,750 |
| 6 |
$3,015,970 |
$1,076,239
$95,003 |
$1,844,728 |
| 7 |
$3,166,690 |
$1,132,006
$99,751 |
$1,934,933 |
| 8 |
$3,325,103 |
$1,190,618
$104,741 |
$2,029,744 |
| 9 |
$3,491,366 |
$1,252,136
$109,978 |
$2,129,252 |
| 10 |
$3,665,950 |
$1,316,732
$115,477 |
$2,233,741 |
| 11 |
$3,849,169 |
$1,384,523
$121,249 |
$2,343,397 |
| 12 |
$4,041,651 |
$1,455,741
$127,312 |
$2,458,598 |
| 13 |
$4,243,710 |
$1,530,503
$133,677 |
$2,579,530 |
| 14 |
$4,455,974 |
$1,609,041
$140,363 |
$2,706,570 |
| 15 |
$4,678,757 |
$1,691,470
$147,381 |
$2,839,906 |
| 16 |
$4,912,687 |
$1,778,025
$154,750 |
$2,979,912 |
| 17 |
$5,158,235 |
$1,868,877
$162,484 |
$3,126,874 |
| 18 |
$5,416,186 |
$1,964,319
$170,610 |
$3,281,257 |
| 19 |
$5,687,011 |
$2,064,524
$179,141 |
$3,443,346 |
| 20 |
$5,971,338 |
$2,169,725
$188,097 |
$3,613,516 |
| 21 |
$6,269,952 |
$2,280,213
$197,503 |
$3,792,236 |
| 22 |
$6,583,481 |
$2,396,218
$207,380 |
$3,979,883 |
| 23 |
$6,912,553 |
$2,517,975
$217,745 |
$4,176,833 |
| 24 |
$7,258,267 |
$2,645,889
$228,635 |
$4,383,743 |
| 25 |
$7,621,094 |
$2,780,135
$240,064 |
$4,600,895 |
| 26 |
$8,002,290 |
$2,921,178
$252,072 |
$4,829,040 |
| 27 |
$8,402,326 |
$3,069,191
$264,673 |
$5,068,462 |
| 28 |
$8,822,458 |
$3,224,640
$277,907 |
$5,319,911 |
| 29 |
$9,263,628 |
$3,387,873
$291,804 |
$5,583,951 |
| 30 |
$9,726,778 |
$3,559,238
$306,394 |
$5,861,146 |
|
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