Indiana Lottery

INLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Apr 20, 2026 is estimated to be $87 Million, with a cash option of 39.7 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Indiana, your state will take 3.15% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Indiana Powerball Jackpot/Cash Option for Mon Apr 20, 2026

Draw Date	Jackpot	Cash Option
Mon Apr 20, 2026	$87,000,000	$39,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$39,700,000
Federal Tax(24%)	$9,528,000
Additional Federal Tax	$5,121,330
State Tax(3.15%)	$1,250,550
Net Lumpsum Payment	$23,800,120

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,309,437	-$444,822 -$41,247	$823,368
2	$1,374,948	-$469,061 -$43,311	$862,576
3	$1,443,678	-$494,491 -$45,476	$903,711
4	$1,515,888	-$521,209 -$47,750	$946,929
5	$1,591,665	-$549,246 -$50,137	$992,282
6	$1,671,270	-$578,700 -$52,645	$1,039,925
7	$1,754,790	-$609,603 -$55,276	$1,089,911
8	$1,842,573	-$642,082 -$58,041	$1,142,450
9	$1,934,706	-$676,172 -$60,943	$1,197,591
10	$2,031,450	-$711,967 -$63,991	$1,255,492
11	$2,132,979	-$749,533 -$67,189	$1,316,257
12	$2,239,641	-$788,998 -$70,549	$1,380,094
13	$2,351,610	-$830,426 -$74,076	$1,447,108
14	$2,469,234	-$873,947 -$77,781	$1,517,506
15	$2,592,687	-$919,625 -$81,670	$1,591,392
16	$2,722,317	-$967,588 -$85,753	$1,668,976
17	$2,858,385	-$1,017,933 -$90,039	$1,750,413
18	$3,001,326	-$1,070,821 -$94,542	$1,835,963
19	$3,151,401	-$1,126,349 -$99,269	$1,925,783
20	$3,308,958	-$1,184,645 -$104,232	$2,020,081
21	$3,474,432	-$1,245,870 -$109,445	$2,119,117
22	$3,648,171	-$1,310,154 -$114,917	$2,223,100
23	$3,830,523	-$1,377,624 -$120,661	$2,332,238
24	$4,022,097	-$1,448,506 -$126,696	$2,446,895
25	$4,223,154	-$1,522,897 -$133,029	$2,567,228
26	$4,434,390	-$1,601,055 -$139,683	$2,693,652
27	$4,656,066	-$1,683,075 -$146,666	$2,826,325
28	$4,888,878	-$1,769,215 -$154,000	$2,965,663
29	$5,133,348	-$1,859,669 -$161,700	$3,111,979
30	$5,389,998	-$1,954,630 -$169,785	$3,265,583