Indiana Lottery

INLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Apr 26, 2025 is estimated to be $168 Million, with a cash option of 77.1 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 Sat Apr 26, 2025

Draw Date	Jackpot	Cash Option
Sat Apr 26, 2025	$168,000,000	$77,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$77,100,000
Federal Tax(24%)	$18,504,000
Additional Federal Tax	$9,983,330
State Tax(3.15%)	$2,428,650
Net Lumpsum Payment	$46,184,020

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,528,568	-$895,901 -$79,650	$1,553,017
2	$2,655,072	-$942,707 -$83,635	$1,628,730
3	$2,787,792	-$991,813 -$87,815	$1,708,164
4	$2,927,232	-$1,043,406 -$92,208	$1,791,618
5	$3,073,560	-$1,097,548 -$96,817	$1,879,195
6	$3,227,280	-$1,154,424 -$101,659	$1,971,197
7	$3,388,560	-$1,214,098 -$106,740	$2,067,722
8	$3,558,072	-$1,276,817 -$112,079	$2,169,176
9	$3,735,984	-$1,342,644 -$117,683	$2,275,657
10	$3,922,800	-$1,411,766 -$123,568	$2,387,466
11	$4,118,856	-$1,484,307 -$129,744	$2,504,805
12	$4,324,824	-$1,560,515 -$136,232	$2,628,077
13	$4,541,040	-$1,640,515 -$143,043	$2,757,482
14	$4,768,176	-$1,724,556 -$150,198	$2,893,422
15	$5,006,568	-$1,812,761 -$157,707	$3,036,100
16	$5,256,888	-$1,905,379 -$165,592	$3,185,917
17	$5,519,640	-$2,002,597 -$173,869	$3,343,174
18	$5,795,664	-$2,104,726 -$182,563	$3,508,375
19	$6,085,464	-$2,211,952 -$191,692	$3,681,820
20	$6,389,712	-$2,324,524 -$201,276	$3,863,912
21	$6,709,248	-$2,442,752 -$211,341	$4,055,155
22	$7,044,744	-$2,566,886 -$221,909	$4,255,949
23	$7,396,872	-$2,697,173 -$233,001	$4,466,698
24	$7,766,808	-$2,834,049 -$244,654	$4,688,105
25	$8,155,056	-$2,977,701 -$256,884	$4,920,471
26	$8,562,960	-$3,128,626 -$269,733	$5,164,601
27	$8,991,024	-$3,287,009 -$283,217	$5,420,798
28	$9,440,592	-$3,453,349 -$297,379	$5,689,864
29	$9,912,672	-$3,628,019 -$312,249	$5,972,404
30	$10,408,272	-$3,811,391 -$327,861	$6,269,020