Indiana Lottery

INLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Oct 8, 2025 is estimated to be $223 Million, with a cash option of 104.4 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 Wed Oct 8, 2025

Draw Date	Jackpot	Cash Option
Wed Oct 8, 2025	$223,000,000	$104,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$104,400,000
Federal Tax(24%)	$25,056,000
Additional Federal Tax	$13,532,330
State Tax(3.15%)	$3,288,600
Net Lumpsum Payment	$62,523,070

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,356,373	-$1,202,188 -$105,726	$2,048,459
2	$3,524,292	-$1,264,318 -$111,015	$2,148,959
3	$3,700,462	-$1,329,501 -$116,565	$2,254,396
4	$3,885,552	-$1,397,985 -$122,395	$2,365,172
5	$4,079,785	-$1,469,851 -$128,513	$2,481,421
6	$4,283,830	-$1,545,347 -$134,941	$2,603,542
7	$4,497,910	-$1,624,557 -$141,684	$2,731,669
8	$4,722,917	-$1,707,810 -$148,772	$2,866,335
9	$4,959,074	-$1,795,188 -$156,211	$3,007,675
10	$5,207,050	-$1,886,939 -$164,022	$3,156,089
11	$5,467,291	-$1,983,228 -$172,220	$3,311,843
12	$5,740,689	-$2,084,385 -$180,832	$3,475,472
13	$6,027,690	-$2,190,576 -$189,872	$3,647,242
14	$6,329,186	-$2,302,129 -$199,369	$3,827,688
15	$6,645,623	-$2,419,211 -$209,337	$4,017,075
16	$6,977,893	-$2,542,151 -$219,804	$4,215,938
17	$7,326,665	-$2,671,196 -$230,790	$4,424,679
18	$7,693,054	-$2,806,760 -$242,331	$4,643,963
19	$8,077,729	-$2,949,090 -$254,448	$4,874,191
20	$8,481,582	-$3,098,516 -$267,170	$5,115,896
21	$8,905,728	-$3,255,450 -$280,530	$5,369,748
22	$9,351,059	-$3,420,222 -$294,558	$5,636,279
23	$9,818,467	-$3,593,163 -$309,282	$5,916,022
24	$10,309,513	-$3,774,850 -$324,750	$6,209,913
25	$10,824,866	-$3,965,531 -$340,983	$6,518,352
26	$11,366,310	-$4,165,865 -$358,039	$6,842,406
27	$11,934,514	-$4,376,101 -$375,937	$7,182,476
28	$12,531,262	-$4,596,897 -$394,735	$7,539,630
29	$13,157,892	-$4,828,750 -$414,474	$7,914,668
30	$13,815,742	-$5,072,155 -$435,196	$8,308,391