Indiana Lottery

INLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jun 16, 2025 is estimated to be $90 Million, with a cash option of 40.7 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 Jun 16, 2025

Draw Date	Jackpot	Cash Option
Mon Jun 16, 2025	$90,000,000	$40,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$40,700,000
Federal Tax(24%)	$9,768,000
Additional Federal Tax	$5,251,330
State Tax(3.15%)	$1,282,050
Net Lumpsum Payment	$24,398,620

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,354,590	-$461,529 -$42,670	$850,391
2	$1,422,360	-$486,604 -$44,804	$890,952
3	$1,493,460	-$512,911 -$47,044	$933,505
4	$1,568,160	-$540,550 -$49,397	$978,213
5	$1,646,550	-$569,554 -$51,866	$1,025,130
6	$1,728,900	-$600,023 -$54,460	$1,074,417
7	$1,815,300	-$631,991 -$57,182	$1,126,127
8	$1,906,110	-$665,591 -$60,042	$1,180,477
9	$2,001,420	-$700,856 -$63,045	$1,237,519
10	$2,101,500	-$737,885 -$66,197	$1,297,418
11	$2,206,530	-$776,746 -$69,506	$1,360,278
12	$2,316,870	-$817,572 -$72,981	$1,426,317
13	$2,432,700	-$860,429 -$76,630	$1,495,641
14	$2,554,380	-$905,451 -$80,463	$1,568,466
15	$2,682,090	-$952,704 -$84,486	$1,644,900
16	$2,816,190	-$1,002,321 -$88,710	$1,725,159
17	$2,956,950	-$1,054,402 -$93,144	$1,809,404
18	$3,104,820	-$1,109,114 -$97,802	$1,897,904
19	$3,260,070	-$1,166,556 -$102,692	$1,990,822
20	$3,423,060	-$1,226,863 -$107,826	$2,088,371
21	$3,594,240	-$1,290,199 -$113,219	$2,190,822
22	$3,773,970	-$1,356,699 -$118,880	$2,298,391
23	$3,962,610	-$1,426,496 -$124,822	$2,411,292
24	$4,160,790	-$1,499,823 -$131,065	$2,529,902
25	$4,368,780	-$1,576,779 -$137,617	$2,654,384
26	$4,587,300	-$1,657,631 -$144,500	$2,785,169
27	$4,816,620	-$1,742,480 -$151,724	$2,922,416
28	$5,057,460	-$1,831,591 -$159,310	$3,066,559
29	$5,310,360	-$1,925,164 -$167,276	$3,217,920
30	$5,575,860	-$2,023,399 -$175,640	$3,376,821