Indiana Lottery

INLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Nov 24, 2025 is estimated to be $654 Million, with a cash option of 303.2 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 Nov 24, 2025

Draw Date	Jackpot	Cash Option
Mon Nov 24, 2025	$654,000,000	$303,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$303,200,000
Federal Tax(24%)	$72,768,000
Additional Federal Tax	$39,376,330
State Tax(3.15%)	$9,550,800
Net Lumpsum Payment	$181,504,870

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,843,354	-$3,602,371 -$310,066	$5,930,917
2	$10,335,816	-$3,784,582 -$325,578	$6,225,656
3	$10,852,476	-$3,975,747 -$341,853	$6,534,876
4	$11,395,296	-$4,176,590 -$358,952	$6,859,754
5	$11,964,930	-$4,387,354 -$376,895	$7,200,681
6	$12,563,340	-$4,608,766 -$395,745	$7,558,829
7	$13,191,180	-$4,841,067 -$415,522	$7,934,591
8	$13,851,066	-$5,085,225 -$436,309	$8,329,532
9	$14,543,652	-$5,341,482 -$458,125	$8,744,045
10	$15,270,900	-$5,610,563 -$481,033	$9,179,304
11	$16,034,118	-$5,892,954 -$505,075	$9,636,089
12	$16,835,922	-$6,189,622 -$530,332	$10,115,968
13	$17,677,620	-$6,501,050 -$556,845	$10,619,725
14	$18,561,828	-$6,828,207 -$584,698	$11,148,923
15	$19,489,854	-$7,171,576 -$613,930	$11,704,348
16	$20,464,314	-$7,532,127 -$644,626	$12,287,561
17	$21,487,170	-$7,910,583 -$676,846	$12,899,741
18	$22,561,692	-$8,308,156 -$710,693	$13,542,843
19	$23,689,842	-$8,725,572 -$746,230	$14,218,040
20	$24,874,236	-$9,163,798 -$783,538	$14,926,900
21	$26,118,144	-$9,624,044 -$822,722	$15,671,378
22	$27,424,182	-$10,107,278 -$863,862	$16,453,042
23	$28,794,966	-$10,614,468 -$907,041	$17,273,457
24	$30,235,074	-$11,147,308 -$952,405	$18,135,361
25	$31,746,468	-$11,706,524 -$1,000,014	$19,039,930
26	$33,334,380	-$12,294,051 -$1,050,033	$19,990,296
27	$35,000,772	-$12,910,616 -$1,102,524	$20,987,632
28	$36,750,876	-$13,558,155 -$1,157,653	$22,035,068
29	$38,588,616	-$14,238,118 -$1,215,541	$23,134,957
30	$40,517,916	-$14,951,959 -$1,276,314	$24,289,643