Indiana Lottery

INLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Nov 9, 2026 is estimated to be $30 Million, with a cash option of 12.9 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 Nov 9, 2026

Draw Date	Jackpot	Cash Option
Mon Nov 9, 2026	$30,000,000	$12,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$12,900,000
Federal Tax(24%)	$3,096,000
Additional Federal Tax	$1,637,330
State Tax(3.15%)	$406,350
Net Lumpsum Payment	$7,760,320

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$451,530	-$127,396 -$14,223	$309,911
2	$474,120	-$135,755 -$14,935	$323,430
3	$497,820	-$144,524 -$15,681	$337,615
4	$522,720	-$153,737 -$16,466	$352,517
5	$548,850	-$163,405 -$17,289	$368,156
6	$576,300	-$173,561 -$18,153	$384,586
7	$605,100	-$184,217 -$19,061	$401,822
8	$635,370	-$195,417 -$20,014	$419,939
9	$667,140	-$207,172 -$21,015	$438,953
10	$700,500	-$219,515 -$22,066	$458,919
11	$735,510	-$232,469 -$23,169	$479,872
12	$772,290	-$246,078 -$24,327	$501,885
13	$810,900	-$260,363 -$25,543	$524,994
14	$851,460	-$275,371 -$26,821	$549,268
15	$894,030	-$291,121 -$28,162	$574,747
16	$938,730	-$307,660 -$29,570	$601,500
17	$985,650	-$325,021 -$31,048	$629,581
18	$1,034,940	-$343,258 -$32,601	$659,081
19	$1,086,690	-$362,406 -$34,231	$690,053
20	$1,141,020	-$382,508 -$35,942	$722,570
21	$1,198,080	-$403,620 -$37,740	$756,720
22	$1,257,990	-$425,787 -$39,627	$792,576
23	$1,320,870	-$449,052 -$41,607	$830,211
24	$1,386,930	-$473,494 -$43,688	$869,748
25	$1,456,260	-$499,147 -$45,872	$911,241
26	$1,529,100	-$526,097 -$48,167	$954,836
27	$1,605,540	-$554,380 -$50,575	$1,000,585
28	$1,685,820	-$584,084 -$53,103	$1,048,633
29	$1,770,120	-$615,275 -$55,759	$1,099,086
30	$1,858,620	-$648,020 -$58,547	$1,152,053