Indiana Millionaire for Life Prizes & Odds
Every prize and the odds of winning it on one play.
Odds of winning any prize: 1 in 8.47. The top two prizes are paid yearly for life, for at least 20 years, or as one cash payment.
2.95% state tax is withheld from prizes over $1,200, plus 24% federal tax from prizes over $5,000. What a prize pays after taxes
Reviewed by Bishop Woosley, former Director of the Arkansas Scholarship Lottery and NASPL President.

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Good to know
- Keep MoreHoosier Lottery Tax Calculator Indiana taxes winnings at 2.95%. 2.95% state tax is withheld from prizes over $1,200, plus 24% federal tax from prizes over $5,000.
- After You WinHow to Claim a Hoosier Lottery Prize Up to $599 at any lottery retailer. You have 180 days to claim.
- Before You PlayHoosier Lottery Draw Times Drawn every day at 11:15 PM ET. Sales stop at 9:58 PM ET.
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Answers about Indiana Millionaire for Life prizes and odds
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