Indiana Lottery

INLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Sep 1, 2025 is estimated to be $1.10 Billion, with a cash option of 498.4 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 Sep 1, 2025

Draw Date	Jackpot	Cash Option
Mon Sep 1, 2025	$1,100,000,000	$498,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$498,400,000
Federal Tax(24%)	$119,616,000
Additional Federal Tax	$64,752,330
State Tax(3.15%)	$15,699,600
Net Lumpsum Payment	$298,332,070

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$16,556,100	-$6,086,087 -$521,517	$9,948,496
2	$17,384,400	-$6,392,558 -$547,609	$10,444,233
3	$18,253,400	-$6,714,088 -$574,982	$10,964,330
4	$19,166,400	-$7,051,898 -$603,742	$11,510,760
5	$20,124,500	-$7,406,395 -$633,922	$12,084,183
6	$21,131,000	-$7,778,800 -$665,627	$12,686,573
7	$22,187,000	-$8,169,520 -$698,891	$13,318,589
8	$23,296,900	-$8,580,183 -$733,852	$13,982,865
9	$24,461,800	-$9,011,196 -$770,547	$14,680,057
10	$25,685,000	-$9,463,780 -$809,078	$15,412,142
11	$26,968,700	-$9,938,749 -$849,514	$16,180,437
12	$28,317,300	-$10,437,731 -$891,995	$16,987,574
13	$29,733,000	-$10,961,540 -$936,590	$17,834,870
14	$31,220,200	-$11,511,804 -$983,436	$18,724,960
15	$32,781,100	-$12,089,337 -$1,032,605	$19,659,158
16	$34,420,100	-$12,695,767 -$1,084,233	$20,640,100
17	$36,140,500	-$13,332,315 -$1,138,426	$21,669,759
18	$37,947,800	-$14,001,016 -$1,195,356	$22,751,428
19	$39,845,300	-$14,703,091 -$1,255,127	$23,887,082
20	$41,837,400	-$15,440,168 -$1,317,878	$25,079,354
21	$43,929,600	-$16,214,282 -$1,383,782	$26,331,536
22	$46,126,300	-$17,027,061 -$1,452,978	$27,646,261
23	$48,431,900	-$17,880,133 -$1,525,605	$29,026,162
24	$50,854,100	-$18,776,347 -$1,601,904	$30,475,849
25	$53,396,200	-$19,716,924 -$1,681,980	$31,997,296
26	$56,067,000	-$20,705,120 -$1,766,111	$33,595,769
27	$58,869,800	-$21,742,156 -$1,854,399	$35,273,245
28	$61,813,400	-$22,831,288 -$1,947,122	$37,034,990
29	$64,904,400	-$23,974,958 -$2,044,489	$38,884,953
30	$68,149,400	-$25,175,608 -$2,146,706	$40,827,086