The jackpot for the MEGA Millions draw on Fri Jun 27, 2025, is projected to be $348 Million, with an option for a cash payout of $155.5 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 27, 2025 |
|---|
| Draw Date | Fri Jun 27, 2025 | | Projected Jackpot | $348,000,000 | | Cash Value | $155,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $155,500,000 | | Federal Tax(24%) | $37,320,000 | | Additional Federal Tax | $20,175,330 | | State Tax(3.15%) | $4,898,250 | | Net Lumpsum Payment | $93,106,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,237,748 |
$1,898,297
$164,989 |
$3,174,462 |
| 2 |
$5,499,792 |
$1,995,253
$173,243 |
$3,331,296 |
| 3 |
$5,774,712 |
$2,096,974
$181,903 |
$3,495,835 |
| 4 |
$6,063,552 |
$2,203,845
$191,002 |
$3,668,705 |
| 5 |
$6,366,660 |
$2,315,995
$200,550 |
$3,850,115 |
| 6 |
$6,685,080 |
$2,433,810
$210,580 |
$4,040,690 |
| 7 |
$7,019,160 |
$2,557,420
$221,104 |
$4,240,636 |
| 8 |
$7,370,292 |
$2,687,338
$232,164 |
$4,450,790 |
| 9 |
$7,738,824 |
$2,823,695
$243,773 |
$4,671,356 |
| 10 |
$8,125,800 |
$2,966,876
$255,963 |
$4,902,961 |
| 11 |
$8,531,916 |
$3,117,139
$268,755 |
$5,146,022 |
| 12 |
$8,958,564 |
$3,274,999
$282,195 |
$5,401,370 |
| 13 |
$9,406,440 |
$3,440,713
$296,303 |
$5,669,424 |
| 14 |
$9,876,936 |
$3,614,797
$311,123 |
$5,951,016 |
| 15 |
$10,370,748 |
$3,797,507
$326,679 |
$6,246,562 |
| 16 |
$10,889,268 |
$3,989,360
$343,012 |
$6,556,896 |
| 17 |
$11,433,540 |
$4,190,740
$360,157 |
$6,882,643 |
| 18 |
$12,005,304 |
$4,402,293
$378,167 |
$7,224,844 |
| 19 |
$12,605,604 |
$4,624,404
$397,077 |
$7,584,123 |
| 20 |
$13,235,832 |
$4,857,588
$416,929 |
$7,961,315 |
| 21 |
$13,897,728 |
$5,102,490
$437,778 |
$8,357,460 |
| 22 |
$14,592,684 |
$5,359,623
$459,670 |
$8,773,391 |
| 23 |
$15,322,092 |
$5,629,504
$482,646 |
$9,209,942 |
| 24 |
$16,088,388 |
$5,913,034
$506,784 |
$9,668,570 |
| 25 |
$16,892,616 |
$6,210,598
$532,117 |
$10,149,901 |
| 26 |
$17,737,560 |
$6,523,228
$558,733 |
$10,655,599 |
| 27 |
$18,624,264 |
$6,851,308
$586,664 |
$11,186,292 |
| 28 |
$19,555,512 |
$7,195,870
$615,999 |
$11,743,643 |
| 29 |
$20,533,392 |
$7,557,685
$646,802 |
$12,328,905 |
| 30 |
$21,559,992 |
$7,937,527
$679,140 |
$12,943,325 |
|
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