Indiana Lottery

INLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Sep 26, 2026 is estimated to be $360 Million, with a cash option of 153.6 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 26, 2026

Draw Date	Jackpot	Cash Option
Sat Sep 26, 2026	$360,000,000	$153,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$153,600,000
Federal Tax(24%)	$36,864,000
Additional Federal Tax	$19,928,330
State Tax(3.15%)	$4,838,400
Net Lumpsum Payment	$91,969,270

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,418,360	-$1,965,124 -$170,678	$3,282,558
2	$5,689,440	-$2,065,423 -$179,217	$3,444,800
3	$5,973,840	-$2,170,651 -$188,176	$3,615,013
4	$6,272,640	-$2,281,207 -$197,588	$3,793,845
5	$6,586,200	-$2,397,224 -$207,465	$3,981,511
6	$6,915,600	-$2,519,102 -$217,841	$4,178,657
7	$7,261,200	-$2,646,974 -$228,728	$4,385,498
8	$7,624,440	-$2,781,373 -$240,170	$4,602,897
9	$8,005,680	-$2,922,432 -$252,179	$4,831,069
10	$8,406,000	-$3,070,550 -$264,789	$5,070,661
11	$8,826,120	-$3,225,995 -$278,023	$5,322,102
12	$9,267,480	-$3,389,298 -$291,926	$5,586,256
13	$9,730,800	-$3,560,726 -$306,520	$5,863,554
14	$10,217,520	-$3,740,813 -$321,852	$6,154,855
15	$10,728,360	-$3,929,824 -$337,943	$6,460,593
16	$11,264,760	-$4,128,292 -$354,840	$6,781,628
17	$11,827,800	-$4,336,616 -$372,576	$7,118,608
18	$12,419,280	-$4,555,464 -$391,207	$7,472,609
19	$13,040,280	-$4,785,234 -$410,769	$7,844,277
20	$13,692,240	-$5,026,459 -$431,306	$8,234,475
21	$14,376,960	-$5,279,806 -$452,874	$8,644,280
22	$15,095,880	-$5,545,806 -$475,520	$9,074,554
23	$15,850,440	-$5,824,993 -$499,289	$9,526,158
24	$16,643,160	-$6,118,300 -$524,260	$10,000,600
25	$17,475,120	-$6,426,125 -$550,466	$10,498,529
26	$18,349,200	-$6,749,534 -$578,000	$11,021,666
27	$19,266,480	-$7,088,928 -$606,894	$11,570,658
28	$20,229,840	-$7,445,371 -$637,240	$12,147,229
29	$21,241,440	-$7,819,663 -$669,105	$12,752,672
30	$22,303,440	-$8,212,603 -$702,558	$13,388,279