Indiana Lottery

INLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Aug 4, 2025 is estimated to be $426 Million, with a cash option of 193.5 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 Aug 4, 2025

Draw Date	Jackpot	Cash Option
Mon Aug 4, 2025	$426,000,000	$193,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$193,500,000
Federal Tax(24%)	$46,440,000
Additional Federal Tax	$25,115,330
State Tax(3.15%)	$6,095,250
Net Lumpsum Payment	$115,849,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,411,726	-$2,332,669 -$201,969	$3,877,088
2	$6,732,504	-$2,451,357 -$212,074	$4,069,073
3	$7,069,044	-$2,575,877 -$222,675	$4,270,492
4	$7,422,624	-$2,706,701 -$233,813	$4,482,110
5	$7,793,670	-$2,843,988 -$245,501	$4,704,181
6	$8,183,460	-$2,988,211 -$257,779	$4,937,470
7	$8,592,420	-$3,139,526 -$270,661	$5,182,233
8	$9,022,254	-$3,298,564 -$284,201	$5,439,489
9	$9,473,388	-$3,465,484 -$298,412	$5,709,492
10	$9,947,100	-$3,640,757 -$313,334	$5,993,009
11	$10,444,242	-$3,824,700 -$328,994	$6,290,548
12	$10,966,518	-$4,017,942 -$345,445	$6,603,131
13	$11,514,780	-$4,220,799 -$362,716	$6,931,265
14	$12,090,732	-$4,433,901 -$380,858	$7,275,973
15	$12,695,226	-$4,657,564 -$399,900	$7,637,762
16	$13,329,966	-$4,892,418 -$419,894	$8,017,654
17	$13,996,230	-$5,138,935 -$440,881	$8,416,414
18	$14,696,148	-$5,397,905 -$462,929	$8,835,314
19	$15,430,998	-$5,669,800 -$486,076	$9,275,122
20	$16,202,484	-$5,955,249 -$510,378	$9,736,857
21	$17,012,736	-$6,255,043 -$535,901	$10,221,792
22	$17,863,458	-$6,569,810 -$562,699	$10,730,949
23	$18,756,354	-$6,900,181 -$590,825	$11,265,348
24	$19,694,406	-$7,247,261 -$620,374	$11,826,771
25	$20,678,892	-$7,611,520 -$651,385	$12,415,987
26	$21,713,220	-$7,994,222 -$683,966	$13,035,032
27	$22,798,668	-$8,395,838 -$718,158	$13,684,672
28	$23,938,644	-$8,817,629 -$754,067	$14,366,948
29	$25,135,704	-$9,260,541 -$791,775	$15,083,388
30	$26,392,404	-$9,725,520 -$831,361	$15,835,523