The jackpot for the MEGA Millions draw on Fri Feb 27, 2026, is projected to be $458 Million, with an option for a cash payout of $212.4 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 Feb 27, 2026 |
|---|
| Draw Date | Fri Feb 27, 2026 | | Projected Jackpot | $458,000,000 | | Cash Value | $212,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $212,400,000 | | Federal Tax(24%) | $50,976,000 | | Additional Federal Tax | $27,572,330 | | State Tax(3.15%) | $6,690,600 | | Net Lumpsum Payment | $127,161,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,893,358 |
$2,510,873
$217,141 |
$4,165,344 |
| 2 |
$7,238,232 |
$2,638,476
$228,004 |
$4,371,752 |
| 3 |
$7,600,052 |
$2,772,350
$239,402 |
$4,588,300 |
| 4 |
$7,980,192 |
$2,913,001
$251,376 |
$4,815,815 |
| 5 |
$8,379,110 |
$3,060,601
$263,942 |
$5,054,567 |
| 6 |
$8,798,180 |
$3,215,657
$277,143 |
$5,305,380 |
| 7 |
$9,237,860 |
$3,378,339
$290,993 |
$5,568,528 |
| 8 |
$9,699,982 |
$3,549,324
$305,549 |
$5,845,109 |
| 9 |
$10,185,004 |
$3,728,782
$320,828 |
$6,135,394 |
| 10 |
$10,694,300 |
$3,917,221
$336,870 |
$6,440,209 |
| 11 |
$11,228,786 |
$4,114,981
$353,707 |
$6,760,098 |
| 12 |
$11,790,294 |
$4,322,739
$371,394 |
$7,096,161 |
| 13 |
$12,379,740 |
$4,540,834
$389,962 |
$7,448,944 |
| 14 |
$12,998,956 |
$4,769,944
$409,467 |
$7,819,545 |
| 15 |
$13,648,858 |
$5,010,408
$429,939 |
$8,208,511 |
| 16 |
$14,331,278 |
$5,262,903
$451,435 |
$8,616,940 |
| 17 |
$15,047,590 |
$5,527,939
$473,999 |
$9,045,652 |
| 18 |
$15,800,084 |
$5,806,361
$497,703 |
$9,496,020 |
| 19 |
$16,590,134 |
$6,098,680
$522,589 |
$9,968,865 |
| 20 |
$17,419,572 |
$6,405,572
$548,717 |
$10,465,283 |
| 21 |
$18,290,688 |
$6,727,885
$576,157 |
$10,986,646 |
| 22 |
$19,205,314 |
$7,066,297
$604,967 |
$11,534,050 |
| 23 |
$20,165,282 |
$7,421,485
$635,206 |
$12,108,591 |
| 24 |
$21,173,798 |
$7,794,636
$666,975 |
$12,712,187 |
| 25 |
$22,232,236 |
$8,186,258
$700,315 |
$13,345,663 |
| 26 |
$23,344,260 |
$8,597,707
$735,344 |
$14,011,209 |
| 27 |
$24,511,244 |
$9,029,491
$772,104 |
$14,709,649 |
| 28 |
$25,736,852 |
$9,482,966
$810,711 |
$15,443,175 |
| 29 |
$27,023,832 |
$9,959,148
$851,251 |
$16,213,433 |
| 30 |
$28,374,932 |
$10,459,055
$893,810 |
$17,022,067 |
|
|
