The jackpot for the MEGA Millions draw on Fri Oct 10, 2025, is projected to be $575 Million, with an option for a cash payout of $264.6 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 Oct 10, 2025 |
|---|
| Draw Date | Fri Oct 10, 2025 | | Projected Jackpot | $575,000,000 | | Cash Value | $264,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $264,600,000 | | Federal Tax(24%) | $63,504,000 | | Additional Federal Tax | $34,358,330 | | State Tax(3.15%) | $8,334,900 | | Net Lumpsum Payment | $158,402,770 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,654,325 |
$3,162,431
$272,611 |
$5,219,283 |
| 2 |
$9,087,300 |
$3,322,631
$286,250 |
$5,478,419 |
| 3 |
$9,541,550 |
$3,490,704
$300,559 |
$5,750,287 |
| 4 |
$10,018,800 |
$3,667,286
$315,592 |
$6,035,922 |
| 5 |
$10,519,625 |
$3,852,592
$331,368 |
$6,335,665 |
| 6 |
$11,045,750 |
$4,047,258
$347,941 |
$6,650,551 |
| 7 |
$11,597,750 |
$4,251,498
$365,329 |
$6,980,923 |
| 8 |
$12,177,925 |
$4,466,163
$383,605 |
$7,328,157 |
| 9 |
$12,786,850 |
$4,691,465
$402,786 |
$7,692,599 |
| 10 |
$13,426,250 |
$4,928,043
$422,927 |
$8,075,280 |
| 11 |
$14,097,275 |
$5,176,322
$444,064 |
$8,476,889 |
| 12 |
$14,802,225 |
$5,437,154
$466,270 |
$8,898,801 |
| 13 |
$15,542,250 |
$5,710,963
$489,581 |
$9,341,706 |
| 14 |
$16,319,650 |
$5,998,601
$514,069 |
$9,806,980 |
| 15 |
$17,135,575 |
$6,300,493
$539,771 |
$10,295,311 |
| 16 |
$17,992,325 |
$6,617,491
$566,758 |
$10,808,076 |
| 17 |
$18,891,625 |
$6,950,232
$595,086 |
$11,346,307 |
| 18 |
$19,836,350 |
$7,299,780
$624,845 |
$11,911,725 |
| 19 |
$20,828,225 |
$7,666,774
$656,089 |
$12,505,362 |
| 20 |
$21,869,550 |
$8,052,064
$688,891 |
$13,128,595 |
| 21 |
$22,963,200 |
$8,456,714
$723,341 |
$13,783,145 |
| 22 |
$24,111,475 |
$8,881,576
$759,511 |
$14,470,388 |
| 23 |
$25,316,675 |
$9,327,500
$797,475 |
$15,191,700 |
| 24 |
$26,582,825 |
$9,795,976
$837,359 |
$15,949,490 |
| 25 |
$27,911,650 |
$10,287,641
$879,217 |
$16,744,792 |
| 26 |
$29,307,750 |
$10,804,198
$923,194 |
$17,580,358 |
| 27 |
$30,772,850 |
$11,346,285
$969,345 |
$18,457,220 |
| 28 |
$32,311,550 |
$11,915,604
$1,017,814 |
$19,378,132 |
| 29 |
$33,927,300 |
$12,513,431
$1,068,710 |
$20,345,159 |
| 30 |
$35,623,550 |
$13,141,044
$1,122,142 |
$21,360,364 |
|
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