Indiana Lottery

INLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jan 5, 2026 is estimated to be $86 Million, with a cash option of 38.8 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 Jan 5, 2026

Draw Date	Jackpot	Cash Option
Mon Jan 5, 2026	$86,000,000	$38,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$38,800,000
Federal Tax(24%)	$9,312,000
Additional Federal Tax	$5,004,330
State Tax(3.15%)	$1,222,200
Net Lumpsum Payment	$23,261,470

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,294,386	-$439,253 -$40,773	$814,360
2	$1,359,144	-$463,214 -$42,813	$853,117
3	$1,427,084	-$488,351 -$44,953	$893,780
4	$1,498,464	-$514,762 -$47,202	$936,500
5	$1,573,370	-$542,477 -$49,561	$981,332
6	$1,652,060	-$571,593 -$52,040	$1,028,427
7	$1,734,620	-$602,140 -$54,641	$1,077,839
8	$1,821,394	-$634,246 -$57,374	$1,129,774
9	$1,912,468	-$667,944 -$60,243	$1,184,281
10	$2,008,100	-$703,327 -$63,255	$1,241,518
11	$2,108,462	-$740,461 -$66,417	$1,301,584
12	$2,213,898	-$779,473 -$69,738	$1,364,687
13	$2,324,580	-$820,425 -$73,224	$1,430,931
14	$2,440,852	-$863,446 -$76,887	$1,500,519
15	$2,562,886	-$908,598 -$80,731	$1,573,557
16	$2,691,026	-$956,010 -$84,767	$1,650,249
17	$2,825,530	-$1,005,776 -$89,004	$1,730,750
18	$2,966,828	-$1,058,057 -$93,455	$1,815,316
19	$3,115,178	-$1,112,946 -$98,128	$1,904,104
20	$3,270,924	-$1,170,572 -$103,034	$1,997,318
21	$3,434,496	-$1,231,094 -$108,187	$2,095,215
22	$3,606,238	-$1,294,638 -$113,596	$2,198,004
23	$3,786,494	-$1,361,333 -$119,275	$2,305,886
24	$3,975,866	-$1,431,401 -$125,240	$2,419,225
25	$4,174,612	-$1,504,937 -$131,500	$2,538,175
26	$4,383,420	-$1,582,196 -$138,078	$2,663,146
27	$4,602,548	-$1,663,273 -$144,980	$2,794,295
28	$4,832,684	-$1,748,423 -$152,230	$2,932,031
29	$5,074,344	-$1,837,838 -$159,842	$3,076,664
30	$5,328,044	-$1,931,707 -$167,833	$3,228,504