Indiana Lottery

INLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Oct 13, 2025 is estimated to be $258 Million, with a cash option of 120.8 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 Oct 13, 2025

Draw Date	Jackpot	Cash Option
Mon Oct 13, 2025	$258,000,000	$120,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$120,800,000
Federal Tax(24%)	$28,992,000
Additional Federal Tax	$15,664,330
State Tax(3.15%)	$3,805,200
Net Lumpsum Payment	$72,338,470

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,883,158	-$1,397,099 -$122,319	$2,363,740
2	$4,077,432	-$1,468,980 -$128,439	$2,480,013
3	$4,281,252	-$1,544,394 -$134,859	$2,601,999
4	$4,495,392	-$1,623,625 -$141,605	$2,730,162
5	$4,720,110	-$1,706,771 -$148,683	$2,864,656
6	$4,956,180	-$1,794,117 -$156,120	$3,005,943
7	$5,203,860	-$1,885,759 -$163,922	$3,154,179
8	$5,464,182	-$1,982,078 -$172,122	$3,309,982
9	$5,737,404	-$2,083,170 -$180,728	$3,473,506
10	$6,024,300	-$2,189,321 -$189,765	$3,645,214
11	$6,325,386	-$2,300,723 -$199,250	$3,825,413
12	$6,641,694	-$2,417,757 -$209,213	$4,014,724
13	$6,973,740	-$2,540,614 -$219,673	$4,213,453
14	$7,322,556	-$2,669,676 -$230,661	$4,422,219
15	$7,688,658	-$2,805,134 -$242,193	$4,641,331
16	$8,073,078	-$2,947,369 -$254,302	$4,871,407
17	$8,476,590	-$3,096,669 -$267,013	$5,112,908
18	$8,900,484	-$3,253,509 -$280,365	$5,366,610
19	$9,345,534	-$3,418,178 -$294,384	$5,632,972
20	$9,812,772	-$3,591,056 -$309,102	$5,912,614
21	$10,303,488	-$3,772,621 -$324,560	$6,206,307
22	$10,818,714	-$3,963,255 -$340,789	$6,514,670
23	$11,359,482	-$4,163,339 -$357,824	$6,838,319
24	$11,927,598	-$4,373,542 -$375,719	$7,178,337
25	$12,523,836	-$4,594,150 -$394,501	$7,535,185
26	$13,150,260	-$4,825,927 -$414,233	$7,910,100
27	$13,807,644	-$5,069,159 -$434,941	$8,303,544
28	$14,498,052	-$5,324,610 -$456,689	$8,716,753
29	$15,223,032	-$5,592,852 -$479,526	$9,150,654
30	$15,984,132	-$5,874,459 -$503,500	$9,606,173