The jackpot for the MEGA Millions draw on Tue Apr 8, 2025, is projected to be $54 Million, with an option for a cash payout of $25.7 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 Apr 8, 2025 |
|---|
| Draw Date | Tue Apr 8, 2025 | | Projected Jackpot | $54,000,000 | | Cash Value | $25,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $25,700,000 | | Federal Tax(24%) | $6,168,000 | | Additional Federal Tax | $3,301,330 | | State Tax(3.15%) | $809,550 | | Net Lumpsum Payment | $15,421,120 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$812,754 |
$261,049
$25,602 |
$526,103 |
| 2 |
$853,416 |
$276,094
$26,883 |
$550,439 |
| 3 |
$896,076 |
$291,879
$28,226 |
$575,971 |
| 4 |
$940,896 |
$308,462
$29,638 |
$602,796 |
| 5 |
$987,930 |
$325,864
$31,120 |
$630,946 |
| 6 |
$1,037,340 |
$344,146
$32,676 |
$660,518 |
| 7 |
$1,089,180 |
$363,327
$34,309 |
$691,544 |
| 8 |
$1,143,666 |
$383,487
$36,025 |
$724,154 |
| 9 |
$1,200,852 |
$404,646
$37,827 |
$758,379 |
| 10 |
$1,260,900 |
$426,863
$39,718 |
$794,319 |
| 11 |
$1,323,918 |
$450,180
$41,703 |
$832,035 |
| 12 |
$1,390,122 |
$474,676
$43,789 |
$871,657 |
| 13 |
$1,459,620 |
$500,390
$45,978 |
$913,252 |
| 14 |
$1,532,628 |
$527,403
$48,278 |
$956,947 |
| 15 |
$1,609,254 |
$555,754
$50,692 |
$1,002,808 |
| 16 |
$1,689,714 |
$585,525
$53,226 |
$1,050,963 |
| 17 |
$1,774,170 |
$616,773
$55,886 |
$1,101,511 |
| 18 |
$1,862,892 |
$649,600
$58,681 |
$1,154,611 |
| 19 |
$1,956,042 |
$684,066
$61,615 |
$1,210,361 |
| 20 |
$2,053,836 |
$720,250
$64,696 |
$1,268,890 |
| 21 |
$2,156,544 |
$758,252
$67,931 |
$1,330,361 |
| 22 |
$2,264,382 |
$798,152
$71,328 |
$1,394,902 |
| 23 |
$2,377,566 |
$840,030
$74,893 |
$1,462,643 |
| 24 |
$2,496,474 |
$884,026
$78,639 |
$1,533,809 |
| 25 |
$2,621,268 |
$930,200
$82,570 |
$1,608,498 |
| 26 |
$2,752,380 |
$978,711
$86,700 |
$1,686,969 |
| 27 |
$2,889,972 |
$1,029,620
$91,034 |
$1,769,318 |
| 28 |
$3,034,476 |
$1,083,087
$95,586 |
$1,855,803 |
| 29 |
$3,186,216 |
$1,139,230
$100,366 |
$1,946,620 |
| 30 |
$3,345,516 |
$1,198,171
$105,384 |
$2,041,961 |
|
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