The jackpot for the MEGA Millions draw on Tue Mar 4, 2025, is projected to be $215 Million, with an option for a cash payout of $100.9 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 Mar 4, 2025 |
|---|
| Draw Date | Tue Mar 4, 2025 | | Projected Jackpot | $215,000,000 | | Cash Value | $100,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $100,900,000 | | Federal Tax(24%) | $24,216,000 | | Additional Federal Tax | $13,077,330 | | State Tax(3.15%) | $3,178,350 | | Net Lumpsum Payment | $60,428,320 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,235,965 |
$1,157,637
$101,933 |
$1,976,395 |
| 2 |
$3,397,860 |
$1,217,539
$107,033 |
$2,073,288 |
| 3 |
$3,567,710 |
$1,280,383
$112,383 |
$2,174,944 |
| 4 |
$3,746,160 |
$1,346,410
$118,004 |
$2,281,746 |
| 5 |
$3,933,425 |
$1,415,698
$123,903 |
$2,393,824 |
| 6 |
$4,130,150 |
$1,488,486
$130,100 |
$2,511,564 |
| 7 |
$4,336,550 |
$1,564,854
$136,601 |
$2,635,095 |
| 8 |
$4,553,485 |
$1,645,120
$143,435 |
$2,764,930 |
| 9 |
$4,781,170 |
$1,729,363
$150,607 |
$2,901,200 |
| 10 |
$5,020,250 |
$1,817,823
$158,138 |
$3,044,289 |
| 11 |
$5,271,155 |
$1,910,658
$166,041 |
$3,194,456 |
| 12 |
$5,534,745 |
$2,008,186
$174,344 |
$3,352,215 |
| 13 |
$5,811,450 |
$2,110,567
$183,061 |
$3,517,822 |
| 14 |
$6,102,130 |
$2,218,118
$192,217 |
$3,691,795 |
| 15 |
$6,407,215 |
$2,331,000
$201,827 |
$3,874,388 |
| 16 |
$6,727,565 |
$2,449,529
$211,918 |
$4,066,118 |
| 17 |
$7,063,825 |
$2,573,946
$222,510 |
$4,267,369 |
| 18 |
$7,417,070 |
$2,704,646
$233,638 |
$4,478,786 |
| 19 |
$7,787,945 |
$2,841,870
$245,320 |
$4,700,755 |
| 20 |
$8,177,310 |
$2,985,935
$257,585 |
$4,933,790 |
| 21 |
$8,586,240 |
$3,137,239
$270,467 |
$5,178,534 |
| 22 |
$9,015,595 |
$3,296,101
$283,991 |
$5,435,503 |
| 23 |
$9,466,235 |
$3,462,837
$298,186 |
$5,705,212 |
| 24 |
$9,939,665 |
$3,638,006
$313,099 |
$5,988,560 |
| 25 |
$10,436,530 |
$3,821,846
$328,751 |
$6,285,933 |
| 26 |
$10,958,550 |
$4,014,994
$345,194 |
$6,598,362 |
| 27 |
$11,506,370 |
$4,217,687
$362,451 |
$6,926,232 |
| 28 |
$12,081,710 |
$4,430,563
$380,574 |
$7,270,573 |
| 29 |
$12,685,860 |
$4,654,099
$399,605 |
$7,632,156 |
| 30 |
$13,320,110 |
$4,888,771
$419,583 |
$8,011,756 |
|
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