Indiana Lottery

INLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Mar 10, 2025 is estimated to be $335 Million, with a cash option of 157.3 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 Mon Mar 10, 2025

Draw Date	Jackpot	Cash Option
Mon Mar 10, 2025	$335,000,000	$157,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$157,300,000
Federal Tax(24%)	$37,752,000
Additional Federal Tax	$20,409,330
State Tax(3.15%)	$4,954,950
Net Lumpsum Payment	$94,183,720

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,042,085	-$1,825,902 -$158,826	$3,057,357
2	$5,294,340	-$1,919,236 -$166,772	$3,208,332
3	$5,558,990	-$2,017,157 -$175,108	$3,366,725
4	$5,837,040	-$2,120,035 -$183,867	$3,533,138
5	$6,128,825	-$2,227,996 -$193,058	$3,707,771
6	$6,435,350	-$2,341,410 -$202,714	$3,891,226
7	$6,756,950	-$2,460,402 -$212,844	$4,083,704
8	$7,094,965	-$2,585,467 -$223,491	$4,286,007
9	$7,449,730	-$2,716,730 -$234,666	$4,498,334
10	$7,822,250	-$2,854,563 -$246,401	$4,721,286
11	$8,213,195	-$2,999,213 -$258,716	$4,955,266
12	$8,623,905	-$3,151,175 -$271,653	$5,201,077
13	$9,055,050	-$3,310,699 -$285,234	$5,459,117
14	$9,507,970	-$3,478,279 -$299,501	$5,730,190
15	$9,983,335	-$3,654,164 -$314,475	$6,014,696
16	$10,482,485	-$3,838,850 -$330,198	$6,313,437
17	$11,006,425	-$4,032,708 -$346,702	$6,627,015
18	$11,556,830	-$4,236,357 -$364,040	$6,956,433
19	$12,134,705	-$4,450,171 -$382,243	$7,302,291
20	$12,741,390	-$4,674,645 -$401,354	$7,665,391
21	$13,378,560	-$4,910,398 -$421,425	$8,046,737
22	$14,047,555	-$5,157,926 -$442,498	$8,447,131
23	$14,749,715	-$5,417,725 -$464,616	$8,867,374
24	$15,487,385	-$5,690,663 -$487,853	$9,308,869
25	$16,261,570	-$5,977,111 -$512,239	$9,772,220
26	$17,074,950	-$6,278,062 -$537,861	$10,259,027
27	$17,928,530	-$6,593,886 -$564,749	$10,769,895
28	$18,824,990	-$6,925,577 -$592,987	$11,306,426
29	$19,766,340	-$7,273,876 -$622,640	$11,869,824
30	$20,754,590	-$7,639,529 -$653,770	$12,461,291