The jackpot for the MEGA Millions draw on Fri Apr 4, 2025, is projected to be $43 Million, with an option for a cash payout of $20 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 Apr 4, 2025 |
|---|
| Draw Date | Fri Apr 4, 2025 | | Projected Jackpot | $43,000,000 | | Cash Value | $20,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $20,000,000 | | Federal Tax(24%) | $4,800,000 | | Additional Federal Tax | $2,560,330 | | State Tax(3.15%) | $630,000 | | Net Lumpsum Payment | $12,009,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$647,193 |
$199,792
$20,387 |
$427,014 |
| 2 |
$679,572 |
$211,772
$21,407 |
$446,393 |
| 3 |
$713,542 |
$224,341
$22,477 |
$466,724 |
| 4 |
$749,232 |
$237,546
$23,601 |
$488,085 |
| 5 |
$786,685 |
$251,404
$24,781 |
$510,500 |
| 6 |
$826,030 |
$265,961
$26,020 |
$534,049 |
| 7 |
$867,310 |
$281,235
$27,320 |
$558,755 |
| 8 |
$910,697 |
$297,288
$28,687 |
$584,722 |
| 9 |
$956,234 |
$314,137
$30,121 |
$611,976 |
| 10 |
$1,004,050 |
$331,829
$31,628 |
$640,593 |
| 11 |
$1,054,231 |
$350,396
$33,208 |
$670,627 |
| 12 |
$1,106,949 |
$369,902
$34,869 |
$702,178 |
| 13 |
$1,162,290 |
$390,378
$36,612 |
$735,300 |
| 14 |
$1,220,426 |
$411,888
$38,443 |
$770,095 |
| 15 |
$1,281,443 |
$434,464
$40,365 |
$806,614 |
| 16 |
$1,345,513 |
$458,170
$42,384 |
$844,959 |
| 17 |
$1,412,765 |
$483,053
$44,502 |
$885,210 |
| 18 |
$1,483,414 |
$509,194
$46,728 |
$927,492 |
| 19 |
$1,557,589 |
$536,638
$49,064 |
$971,887 |
| 20 |
$1,635,462 |
$565,451
$51,517 |
$1,018,494 |
| 21 |
$1,717,248 |
$595,712
$54,093 |
$1,067,443 |
| 22 |
$1,803,119 |
$627,484
$56,798 |
$1,118,837 |
| 23 |
$1,893,247 |
$660,832
$59,637 |
$1,172,778 |
| 24 |
$1,987,933 |
$695,866
$62,620 |
$1,229,447 |
| 25 |
$2,087,306 |
$732,634
$65,750 |
$1,288,922 |
| 26 |
$2,191,710 |
$771,263
$69,039 |
$1,351,408 |
| 27 |
$2,301,274 |
$811,802
$72,490 |
$1,416,982 |
| 28 |
$2,416,342 |
$854,377
$76,115 |
$1,485,850 |
| 29 |
$2,537,172 |
$899,084
$79,921 |
$1,558,167 |
| 30 |
$2,664,022 |
$946,019
$83,917 |
$1,634,086 |
|
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