Indiana Lottery

INLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Nov 3, 2025 is estimated to be $419 Million, with a cash option of 198 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 3, 2025

Draw Date	Jackpot	Cash Option
Mon Nov 3, 2025	$419,000,000	$198,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$198,000,000
Federal Tax(24%)	$47,520,000
Additional Federal Tax	$25,700,330
State Tax(3.15%)	$6,237,000
Net Lumpsum Payment	$118,542,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,306,369	-$2,293,687 -$198,651	$3,814,031
2	$6,621,876	-$2,410,425 -$208,589	$4,002,862
3	$6,952,886	-$2,532,898 -$219,016	$4,200,972
4	$7,300,656	-$2,661,573 -$229,971	$4,409,112
5	$7,665,605	-$2,796,604 -$241,467	$4,627,534
6	$8,048,990	-$2,938,457 -$253,543	$4,856,990
7	$8,451,230	-$3,087,285 -$266,214	$5,097,731
8	$8,874,001	-$3,243,711 -$279,531	$5,350,759
9	$9,317,722	-$3,407,888 -$293,508	$5,616,326
10	$9,783,650	-$3,580,281 -$308,185	$5,895,184
11	$10,272,623	-$3,761,201 -$323,588	$6,187,834
12	$10,786,317	-$3,951,268 -$339,769	$6,495,280
13	$11,325,570	-$4,150,791 -$356,755	$6,818,024
14	$11,892,058	-$4,360,392 -$374,600	$7,157,066
15	$12,486,619	-$4,580,379 -$393,328	$7,512,912
16	$13,110,929	-$4,811,374 -$412,994	$7,886,561
17	$13,766,245	-$5,053,841 -$433,637	$8,278,767
18	$14,454,662	-$5,308,555 -$455,322	$8,690,785
19	$15,177,437	-$5,575,982 -$478,089	$9,123,366
20	$15,936,246	-$5,856,741 -$501,992	$9,577,513
21	$16,733,184	-$6,151,608 -$527,095	$10,054,481
22	$17,569,927	-$6,461,203 -$553,453	$10,555,271
23	$18,448,151	-$6,786,146 -$581,117	$11,080,888
24	$19,370,789	-$7,127,522 -$610,180	$11,633,087
25	$20,339,098	-$7,485,797 -$640,682	$12,212,619
26	$21,356,430	-$7,862,209 -$672,728	$12,821,493
27	$22,424,042	-$8,257,226 -$706,357	$13,460,459
28	$23,545,286	-$8,672,086 -$741,677	$14,131,523
29	$24,722,676	-$9,107,721 -$778,764	$14,836,191
30	$25,958,726	-$9,565,059 -$817,700	$15,575,967