Indiana Lottery

INLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jul 7, 2025 is estimated to be $203 Million, with a cash option of 92.5 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 Jul 7, 2025

Draw Date	Jackpot	Cash Option
Mon Jul 7, 2025	$203,000,000	$92,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$92,500,000
Federal Tax(24%)	$22,200,000
Additional Federal Tax	$11,985,330
State Tax(3.15%)	$2,913,750
Net Lumpsum Payment	$55,400,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,055,353	-$1,090,811 -$96,244	$1,868,298
2	$3,208,212	-$1,147,369 -$101,059	$1,959,784
3	$3,368,582	-$1,206,706 -$106,110	$2,055,766
4	$3,537,072	-$1,269,047 -$111,418	$2,156,607
5	$3,713,885	-$1,334,468 -$116,987	$2,262,430
6	$3,899,630	-$1,403,193 -$122,838	$2,373,599
7	$4,094,510	-$1,475,299 -$128,977	$2,490,234
8	$4,299,337	-$1,551,085 -$135,429	$2,612,823
9	$4,514,314	-$1,630,627 -$142,201	$2,741,486
10	$4,740,050	-$1,714,149 -$149,312	$2,876,589
11	$4,976,951	-$1,801,802 -$156,774	$3,018,375
12	$5,225,829	-$1,893,887 -$164,614	$3,167,328
13	$5,487,090	-$1,990,554 -$172,843	$3,323,693
14	$5,761,546	-$2,092,102 -$181,489	$3,487,955
15	$6,049,603	-$2,198,683 -$190,562	$3,660,358
16	$6,352,073	-$2,310,597 -$200,090	$3,841,386
17	$6,669,565	-$2,428,069 -$210,091	$4,031,405
18	$7,003,094	-$2,551,475 -$220,597	$4,231,022
19	$7,353,269	-$2,681,040 -$231,628	$4,440,601
20	$7,720,902	-$2,817,064 -$243,208	$4,660,630
21	$8,107,008	-$2,959,923 -$255,371	$4,891,714
22	$8,512,399	-$3,109,918 -$268,141	$5,134,340
23	$8,937,887	-$3,267,349 -$281,543	$5,388,995
24	$9,384,893	-$3,432,741 -$295,624	$5,656,528
25	$9,854,026	-$3,606,320 -$310,402	$5,937,304
26	$10,346,910	-$3,788,687 -$325,928	$6,232,295
27	$10,864,154	-$3,980,067 -$342,221	$6,541,866
28	$11,407,382	-$4,181,062 -$359,333	$6,866,987
29	$11,977,812	-$4,392,121 -$377,301	$7,208,390
30	$12,576,662	-$4,613,695 -$396,165	$7,566,802