The jackpot for the MEGA Millions draw on Tue Jun 10, 2025, is projected to be $243 Million, with an option for a cash payout of $108 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 Jun 10, 2025 |
|---|
| Draw Date | Tue Jun 10, 2025 | | Projected Jackpot | $243,000,000 | | Cash Value | $108,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $108,000,000 | | Federal Tax(24%) | $25,920,000 | | Additional Federal Tax | $14,000,330 | | State Tax(3.15%) | $3,402,000 | | Net Lumpsum Payment | $64,677,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,657,393 |
$1,313,566
$115,208 |
$2,228,619 |
| 2 |
$3,840,372 |
$1,381,268
$120,972 |
$2,338,132 |
| 3 |
$4,032,342 |
$1,452,297
$127,019 |
$2,453,026 |
| 4 |
$4,234,032 |
$1,526,922
$133,372 |
$2,573,738 |
| 5 |
$4,445,685 |
$1,605,234
$140,039 |
$2,700,412 |
| 6 |
$4,668,030 |
$1,687,501
$147,043 |
$2,833,486 |
| 7 |
$4,901,310 |
$1,773,815
$154,391 |
$2,973,104 |
| 8 |
$5,146,497 |
$1,864,534
$162,115 |
$3,119,848 |
| 9 |
$5,403,834 |
$1,959,749
$170,221 |
$3,273,864 |
| 10 |
$5,674,050 |
$2,059,729
$178,733 |
$3,435,588 |
| 11 |
$5,957,631 |
$2,164,654
$187,665 |
$3,605,312 |
| 12 |
$6,255,549 |
$2,274,884
$197,050 |
$3,783,615 |
| 13 |
$6,568,290 |
$2,390,598
$206,901 |
$3,970,791 |
| 14 |
$6,896,826 |
$2,512,156
$217,250 |
$4,167,420 |
| 15 |
$7,241,643 |
$2,639,738
$228,112 |
$4,373,793 |
| 16 |
$7,603,713 |
$2,773,704
$239,517 |
$4,590,492 |
| 17 |
$7,983,765 |
$2,914,323
$251,489 |
$4,817,953 |
| 18 |
$8,383,014 |
$3,062,046
$264,065 |
$5,056,903 |
| 19 |
$8,802,189 |
$3,217,140
$277,269 |
$5,307,780 |
| 20 |
$9,242,262 |
$3,379,967
$291,131 |
$5,571,164 |
| 21 |
$9,704,448 |
$3,550,976
$305,690 |
$5,847,782 |
| 22 |
$10,189,719 |
$3,730,526
$320,976 |
$6,138,217 |
| 23 |
$10,699,047 |
$3,918,978
$337,020 |
$6,443,049 |
| 24 |
$11,234,133 |
$4,116,960
$353,875 |
$6,763,298 |
| 25 |
$11,795,706 |
$4,324,742
$371,565 |
$7,099,399 |
| 26 |
$12,385,710 |
$4,543,043
$390,150 |
$7,452,517 |
| 27 |
$13,004,874 |
$4,772,134
$409,654 |
$7,823,086 |
| 28 |
$13,655,142 |
$5,012,733
$430,137 |
$8,212,272 |
| 29 |
$14,337,972 |
$5,265,380
$451,646 |
$8,620,946 |
| 30 |
$15,054,822 |
$5,530,615
$474,227 |
$9,049,980 |
|
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