Indiana Lottery

INLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Jan 28, 2026 is estimated to be $43 Million, with a cash option of 19.4 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 Jan 28, 2026

Draw Date	Jackpot	Cash Option
Wed Jan 28, 2026	$43,000,000	$19,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$19,400,000
Federal Tax(24%)	$4,656,000
Additional Federal Tax	$2,482,330
State Tax(3.15%)	$611,100
Net Lumpsum Payment	$11,650,570

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$647,193	-$199,792 -$20,387	$427,014
2	$679,572	-$211,772 -$21,407	$446,393
3	$713,542	-$224,341 -$22,477	$466,724
4	$749,232	-$237,546 -$23,601	$488,085
5	$786,685	-$251,404 -$24,781	$510,500
6	$826,030	-$265,961 -$26,020	$534,049
7	$867,310	-$281,235 -$27,320	$558,755
8	$910,697	-$297,288 -$28,687	$584,722
9	$956,234	-$314,137 -$30,121	$611,976
10	$1,004,050	-$331,829 -$31,628	$640,593
11	$1,054,231	-$350,396 -$33,208	$670,627
12	$1,106,949	-$369,902 -$34,869	$702,178
13	$1,162,290	-$390,378 -$36,612	$735,300
14	$1,220,426	-$411,888 -$38,443	$770,095
15	$1,281,443	-$434,464 -$40,365	$806,614
16	$1,345,513	-$458,170 -$42,384	$844,959
17	$1,412,765	-$483,053 -$44,502	$885,210
18	$1,483,414	-$509,194 -$46,728	$927,492
19	$1,557,589	-$536,638 -$49,064	$971,887
20	$1,635,462	-$565,451 -$51,517	$1,018,494
21	$1,717,248	-$595,712 -$54,093	$1,067,443
22	$1,803,119	-$627,484 -$56,798	$1,118,837
23	$1,893,247	-$660,832 -$59,637	$1,172,778
24	$1,987,933	-$695,866 -$62,620	$1,229,447
25	$2,087,306	-$732,634 -$65,750	$1,288,922
26	$2,191,710	-$771,263 -$69,039	$1,351,408
27	$2,301,274	-$811,802 -$72,490	$1,416,982
28	$2,416,342	-$854,377 -$76,115	$1,485,850
29	$2,537,172	-$899,084 -$79,921	$1,558,167
30	$2,664,022	-$946,019 -$83,917	$1,634,086