The jackpot for the MEGA Millions draw on Fri Sep 19, 2025, is projected to be $423 Million, with an option for a cash payout of $196.5 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 Sep 19, 2025 |
|---|
| Draw Date | Fri Sep 19, 2025 | | Projected Jackpot | $423,000,000 | | Cash Value | $196,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $196,500,000 | | Federal Tax(24%) | $47,160,000 | | Additional Federal Tax | $25,505,330 | | State Tax(3.15%) | $6,189,750 | | Net Lumpsum Payment | $117,644,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,366,573 |
$2,315,962
$200,547 |
$3,850,064 |
| 2 |
$6,685,092 |
$2,433,814
$210,580 |
$4,040,698 |
| 3 |
$7,019,262 |
$2,557,457
$221,107 |
$4,240,698 |
| 4 |
$7,370,352 |
$2,687,361
$232,166 |
$4,450,825 |
| 5 |
$7,738,785 |
$2,823,681
$243,772 |
$4,671,332 |
| 6 |
$8,125,830 |
$2,966,887
$255,964 |
$4,902,979 |
| 7 |
$8,531,910 |
$3,117,137
$268,755 |
$5,146,018 |
| 8 |
$8,958,717 |
$3,275,056
$282,200 |
$5,401,461 |
| 9 |
$9,406,674 |
$3,440,800
$296,310 |
$5,669,564 |
| 10 |
$9,877,050 |
$3,614,839
$311,127 |
$5,951,084 |
| 11 |
$10,370,691 |
$3,797,486
$326,677 |
$6,246,528 |
| 12 |
$10,889,289 |
$3,989,367
$343,013 |
$6,556,909 |
| 13 |
$11,433,690 |
$4,190,796
$360,161 |
$6,882,733 |
| 14 |
$12,005,586 |
$4,402,397
$378,176 |
$7,225,013 |
| 15 |
$12,605,823 |
$4,624,485
$397,083 |
$7,584,255 |
| 16 |
$13,236,093 |
$4,857,685
$416,937 |
$7,961,471 |
| 17 |
$13,897,665 |
$5,102,466
$437,776 |
$8,357,423 |
| 18 |
$14,592,654 |
$5,359,612
$459,669 |
$8,773,373 |
| 19 |
$15,322,329 |
$5,629,592
$482,653 |
$9,210,084 |
| 20 |
$16,088,382 |
$5,913,032
$506,784 |
$9,668,566 |
| 21 |
$16,892,928 |
$6,210,714
$532,127 |
$10,150,087 |
| 22 |
$17,737,659 |
$6,523,264
$558,736 |
$10,655,659 |
| 23 |
$18,624,267 |
$6,851,309
$586,664 |
$11,186,294 |
| 24 |
$19,555,713 |
$7,195,944
$616,005 |
$11,743,764 |
| 25 |
$20,533,266 |
$7,557,639
$646,798 |
$12,328,829 |
| 26 |
$21,560,310 |
$7,937,645
$679,150 |
$12,943,515 |
| 27 |
$22,638,114 |
$8,336,433
$713,101 |
$13,588,580 |
| 28 |
$23,770,062 |
$8,755,253
$748,757 |
$14,266,052 |
| 29 |
$24,958,692 |
$9,195,046
$786,199 |
$14,977,447 |
| 30 |
$26,206,542 |
$9,656,751
$825,506 |
$15,724,285 |
|
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