Indiana Lottery

INLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Mar 9, 2026 is estimated to be $46 Million, with a cash option of 21.2 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 Mar 9, 2026

Draw Date	Jackpot	Cash Option
Mon Mar 9, 2026	$46,000,000	$21,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$21,200,000
Federal Tax(24%)	$5,088,000
Additional Federal Tax	$2,716,330
State Tax(3.15%)	$667,800
Net Lumpsum Payment	$12,727,870

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$692,346	-$216,498 -$21,809	$454,039
2	$726,984	-$229,314 -$22,900	$474,770
3	$763,324	-$242,760 -$24,045	$496,519
4	$801,504	-$256,887 -$25,247	$519,370
5	$841,570	-$271,711 -$26,509	$543,350
6	$883,660	-$287,285 -$27,835	$568,540
7	$927,820	-$303,624 -$29,226	$594,970
8	$974,234	-$320,797 -$30,688	$622,749
9	$1,022,948	-$338,821 -$32,223	$651,904
10	$1,074,100	-$357,747 -$33,834	$682,519
11	$1,127,782	-$377,610 -$35,525	$714,647
12	$1,184,178	-$398,476 -$37,302	$748,400
13	$1,243,380	-$420,381 -$39,166	$783,833
14	$1,305,572	-$443,392 -$41,126	$821,054
15	$1,370,846	-$467,543 -$43,182	$860,121
16	$1,439,386	-$492,903 -$45,341	$901,142
17	$1,511,330	-$519,522 -$47,607	$944,201
18	$1,586,908	-$547,486 -$49,988	$989,434
19	$1,666,258	-$576,846 -$52,487	$1,036,925
20	$1,749,564	-$607,669 -$55,111	$1,086,784
21	$1,837,056	-$640,041 -$57,867	$1,139,148
22	$1,928,918	-$674,030 -$60,761	$1,194,127
23	$2,025,334	-$709,704 -$63,798	$1,251,832
24	$2,126,626	-$747,182 -$66,989	$1,312,455
25	$2,232,932	-$786,515 -$70,337	$1,376,080
26	$2,344,620	-$827,840 -$73,856	$1,442,924
27	$2,461,828	-$871,207 -$77,548	$1,513,073
28	$2,584,924	-$916,752 -$81,425	$1,586,747
29	$2,714,184	-$964,578 -$85,497	$1,664,109
30	$2,849,884	-$1,014,787 -$89,771	$1,745,326