Indiana Lottery

INLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Sep 6, 2025 is estimated to be $1.70 Billion, with a cash option of 770.3 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 Sep 6, 2025

Draw Date	Jackpot	Cash Option
Sat Sep 6, 2025	$1,700,000,000	$770,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$770,300,000
Federal Tax(24%)	$184,872,000
Additional Federal Tax	$100,099,330
State Tax(3.15%)	$24,264,450
Net Lumpsum Payment	$461,064,220

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$25,586,700	-$9,427,409 -$805,981	$15,353,310
2	$26,866,800	-$9,901,046 -$846,304	$16,119,450
3	$28,209,800	-$10,397,956 -$888,609	$16,923,235
4	$29,620,800	-$10,920,026 -$933,055	$17,767,719
5	$31,101,500	-$11,467,885 -$979,697	$18,653,918
6	$32,657,000	-$12,043,420 -$1,028,696	$19,584,884
7	$34,289,000	-$12,647,260 -$1,080,104	$20,561,636
8	$36,004,300	-$13,281,921 -$1,134,135	$21,588,244
9	$37,804,600	-$13,948,032 -$1,190,845	$22,665,723
10	$39,695,000	-$14,647,480 -$1,250,393	$23,797,127
11	$41,678,900	-$15,381,523 -$1,312,885	$24,984,492
12	$43,763,100	-$16,152,677 -$1,378,538	$26,231,885
13	$45,951,000	-$16,962,200 -$1,447,457	$27,541,343
14	$48,249,400	-$17,812,608 -$1,519,856	$28,916,936
15	$50,661,700	-$18,705,159 -$1,595,844	$30,360,697
16	$53,194,700	-$19,642,369 -$1,675,633	$31,876,698
17	$55,853,500	-$20,626,125 -$1,759,385	$33,467,990
18	$58,646,600	-$21,659,572 -$1,847,368	$35,139,660
19	$61,579,100	-$22,744,597 -$1,939,742	$36,894,761
20	$64,657,800	-$23,883,716 -$2,036,721	$38,737,363
21	$67,891,200	-$25,080,074 -$2,138,573	$40,672,553
22	$71,286,100	-$26,336,187 -$2,245,512	$42,704,401
23	$74,849,300	-$27,654,571 -$2,357,753	$44,836,976
24	$78,592,700	-$29,039,629 -$2,475,670	$47,077,401
25	$82,521,400	-$30,493,248 -$2,599,424	$49,428,728
26	$86,649,000	-$32,020,460 -$2,729,444	$51,899,096
27	$90,980,600	-$33,623,152 -$2,865,889	$54,491,559
28	$95,529,800	-$35,306,356 -$3,009,189	$57,214,255
29	$100,306,800	-$37,073,846 -$3,159,664	$60,073,290
30	$105,321,800	-$38,929,396 -$3,317,637	$63,074,767