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Indiana Mega Millions Jackpot Annuity Payout Schedule for May 13, 2025

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The tax information provided here is based on 2025 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Mega Millions annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $110,000,000 for a ticket purchased in Indiana, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Indiana

Drawing Date:Tue, May 13, 2025
Jackpot:$110,000,000
Federal Tax:37% marginal rate
State Tax: 3%
Report:Mega Millions annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,655,658$569,614$49,670$1,036,374
2$1,738,441$600,243$52,153$1,086,044
3$1,825,363$632,404$54,761$1,138,197
4$1,916,631$666,174$57,499$1,192,958
5$2,012,462$701,631$60,374$1,250,457
6$2,113,086$738,862$63,393$1,310,831
7$2,218,740$777,954$66,562$1,374,224
8$2,329,677$819,001$69,890$1,440,786
9$2,446,161$862,100$73,385$1,510,676
10$2,568,469$907,354$77,054$1,584,061
11$2,696,892$954,870$80,907$1,661,115
12$2,831,737$1,004,763$84,952$1,742,022
13$2,973,324$1,057,150$89,200$1,826,974
14$3,121,990$1,112,156$93,660$1,916,174
15$3,278,089$1,169,913$98,343$2,009,833
16$3,441,994$1,230,558$103,260$2,108,176
17$3,614,093$1,294,235$108,423$2,211,436
18$3,794,798$1,361,096$113,844$2,319,859
19$3,984,538$1,431,299$119,536$2,433,703
20$4,183,765$1,505,013$125,513$2,553,239
21$4,392,953$1,582,413$131,789$2,678,752
22$4,612,601$1,663,683$138,378$2,810,540
23$4,843,231$1,749,016$145,297$2,948,918
24$5,085,392$1,838,615$152,562$3,094,215
25$5,339,662$1,932,695$160,190$3,246,777
26$5,606,645$2,031,479$168,199$3,406,967
27$5,886,977$2,135,202$176,609$3,575,166
28$6,181,326$2,244,111$185,440$3,751,776
29$6,490,393$2,358,466$194,712$3,937,215
30$6,814,912$2,478,538$204,447$4,131,927
Total$110,000,000$39,410,608$3,300,002$67,289,392

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.