Indiana Lottery

INLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Dec 13, 2025 is estimated to be $1.00 Billion, with a cash option of 461.3 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 Dec 13, 2025

Draw Date	Jackpot	Cash Option
Sat Dec 13, 2025	$1,000,000,000	$461,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$461,300,000
Federal Tax(24%)	$110,712,000
Additional Federal Tax	$59,929,330
State Tax(3.15%)	$14,530,950
Net Lumpsum Payment	$276,127,720

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$15,051,000	-$5,529,200 -$474,107	$9,047,693
2	$15,804,000	-$5,807,810 -$497,826	$9,498,364
3	$16,594,000	-$6,100,110 -$522,711	$9,971,179
4	$17,424,000	-$6,407,210 -$548,856	$10,467,934
5	$18,295,000	-$6,729,480 -$576,293	$10,989,227
6	$19,210,000	-$7,068,030 -$605,115	$11,536,855
7	$20,170,000	-$7,423,230 -$635,355	$12,111,415
8	$21,179,000	-$7,796,560 -$667,139	$12,715,301
9	$22,238,000	-$8,188,390 -$700,497	$13,349,113
10	$23,350,000	-$8,599,830 -$735,525	$14,014,645
11	$24,517,000	-$9,031,620 -$772,286	$14,713,094
12	$25,743,000	-$9,485,240 -$810,905	$15,446,855
13	$27,030,000	-$9,961,430 -$851,445	$16,217,125
14	$28,382,000	-$10,461,670 -$894,033	$17,026,297
15	$29,801,000	-$10,986,700 -$938,732	$17,875,568
16	$31,291,000	-$11,538,000 -$985,667	$18,767,333
17	$32,855,000	-$12,116,680 -$1,034,933	$19,703,387
18	$34,498,000	-$12,724,590 -$1,086,687	$20,686,723
19	$36,223,000	-$13,362,840 -$1,141,025	$21,719,135
20	$38,034,000	-$14,032,910 -$1,198,071	$22,803,019
21	$39,936,000	-$14,736,650 -$1,257,984	$23,941,366
22	$41,933,000	-$15,475,540 -$1,320,890	$25,136,570
23	$44,029,000	-$16,251,060 -$1,386,914	$26,391,026
24	$46,231,000	-$17,065,800 -$1,456,277	$27,708,923
25	$48,542,000	-$17,920,870 -$1,529,073	$29,092,057
26	$50,970,000	-$18,819,230 -$1,605,555	$30,545,215
27	$53,518,000	-$19,761,990 -$1,685,817	$32,070,193
28	$56,194,000	-$20,752,110 -$1,770,111	$33,671,779
29	$59,004,000	-$21,791,810 -$1,858,626	$35,353,564
30	$61,954,000	-$22,883,310 -$1,951,551	$37,119,139