Indiana Lottery

INLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon May 11, 2026 is estimated to be $57 Million, with a cash option of 25.7 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 May 11, 2026

Draw Date	Jackpot	Cash Option
Mon May 11, 2026	$57,000,000	$25,700,000

Lumpsum Option Taxes and Payment

Category	Amount
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

Year	Gross Payment	Fed/State Tax	Net Payment
1	$857,907	-$277,756 -$27,024	$553,127
2	$900,828	-$293,637 -$28,376	$578,815
3	$945,858	-$310,298 -$29,795	$605,765
4	$993,168	-$327,803 -$31,285	$634,080
5	$1,042,815	-$346,172 -$32,849	$663,794
6	$1,094,970	-$365,469 -$34,492	$695,009
7	$1,149,690	-$385,716 -$36,215	$727,759
8	$1,207,203	-$406,995 -$38,027	$762,181
9	$1,267,566	-$429,330 -$39,928	$798,308
10	$1,330,950	-$452,782 -$41,925	$836,243
11	$1,397,469	-$477,394 -$44,020	$876,055
12	$1,467,351	-$503,250 -$46,222	$917,879
13	$1,540,710	-$530,393 -$48,532	$961,785
14	$1,617,774	-$558,907 -$50,960	$1,007,907
15	$1,698,657	-$588,833 -$53,508	$1,056,316
16	$1,783,587	-$620,258 -$56,183	$1,107,146
17	$1,872,735	-$653,242 -$58,991	$1,160,502
18	$1,966,386	-$687,893 -$61,941	$1,216,552
19	$2,064,711	-$724,273 -$65,038	$1,275,400
20	$2,167,938	-$762,467 -$68,290	$1,337,181
21	$2,276,352	-$802,581 -$71,705	$1,402,066
22	$2,390,181	-$844,697 -$75,291	$1,470,193
23	$2,509,653	-$888,902 -$79,054	$1,541,697
24	$2,635,167	-$935,342 -$83,008	$1,616,817
25	$2,766,894	-$984,081 -$87,157	$1,695,656
26	$2,905,290	-$1,035,288 -$91,517	$1,778,485
27	$3,050,526	-$1,089,025 -$96,092	$1,865,409
28	$3,203,058	-$1,145,462 -$100,896	$1,956,700
29	$3,363,228	-$1,204,725 -$105,942	$2,052,561
30	$3,531,378	-$1,266,940 -$111,238	$2,153,200