Indiana Lottery

INLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jan 3, 2026 is estimated to be $64 Million, with a cash option of 29.5 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 Sat Jan 3, 2026

Draw Date	Jackpot	Cash Option
Sat Jan 3, 2026	$64,000,000	$29,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$29,500,000
Federal Tax(24%)	$7,080,000
Additional Federal Tax	$3,795,330
State Tax(3.15%)	$929,250
Net Lumpsum Payment	$17,695,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$963,264	-$316,738 -$30,343	$616,183
2	$1,011,456	-$334,569 -$31,861	$645,026
3	$1,062,016	-$353,276 -$33,454	$675,286
4	$1,115,136	-$372,931 -$35,127	$707,078
5	$1,170,880	-$393,556 -$36,883	$740,441
6	$1,229,440	-$415,223 -$38,727	$775,490
7	$1,290,880	-$437,956 -$40,663	$812,261
8	$1,355,456	-$461,849 -$42,697	$850,910
9	$1,423,232	-$486,926 -$44,832	$891,474
10	$1,494,400	-$513,258 -$47,074	$934,068
11	$1,569,088	-$540,893 -$49,426	$978,769
12	$1,647,552	-$569,925 -$51,898	$1,025,729
13	$1,729,920	-$600,401 -$54,492	$1,075,027
14	$1,816,448	-$632,416 -$57,218	$1,126,814
15	$1,907,264	-$666,018 -$60,079	$1,181,167
16	$2,002,624	-$701,301 -$63,083	$1,238,240
17	$2,102,720	-$738,337 -$66,236	$1,298,147
18	$2,207,872	-$777,243 -$69,548	$1,361,081
19	$2,318,272	-$818,091 -$73,026	$1,427,155
20	$2,434,176	-$860,976 -$76,677	$1,496,523
21	$2,555,904	-$906,015 -$80,511	$1,569,378
22	$2,683,712	-$953,304 -$84,537	$1,645,871
23	$2,817,856	-$1,002,937 -$88,762	$1,726,157
24	$2,958,784	-$1,055,080 -$93,202	$1,810,502
25	$3,106,688	-$1,109,805 -$97,861	$1,899,022
26	$3,262,080	-$1,167,300 -$102,756	$1,992,024
27	$3,425,152	-$1,227,637 -$107,892	$2,089,623
28	$3,596,416	-$1,291,004 -$113,287	$2,192,125
29	$3,776,256	-$1,357,545 -$118,952	$2,299,759
30	$3,965,056	-$1,427,401 -$124,899	$2,412,756