The jackpot for the Powerball draw on Mon Sep 21, 2026, is projected to be $313 Million, with an option for a cash payout of $133.6 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Indiana residents, the state will deduct 3.15% from your lottery earnings.
| Indiana Powerball Jackpot/Cash Option for Mon Sep 21, 2026 |
|---|
| Draw Date | Mon Sep 21, 2026 | | Projected Jackpot | $313,000,000 | | Cash Value | $133,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $133,600,000 | | Federal Tax(24%) | $32,064,000 | | Additional Federal Tax | $17,328,330 | | State Tax(3.15%) | $4,208,400 | | Net Lumpsum Payment | $79,999,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,710,963 |
$1,703,387
$148,395 |
$2,859,181 |
| 2 |
$4,946,652 |
$1,790,592
$155,820 |
$3,000,240 |
| 3 |
$5,193,922 |
$1,882,082
$163,609 |
$3,148,231 |
| 4 |
$5,453,712 |
$1,978,204
$171,792 |
$3,303,716 |
| 5 |
$5,726,335 |
$2,079,074
$180,380 |
$3,466,881 |
| 6 |
$6,012,730 |
$2,185,040
$189,401 |
$3,638,289 |
| 7 |
$6,313,210 |
$2,296,218
$198,866 |
$3,818,126 |
| 8 |
$6,629,027 |
$2,413,070
$208,814 |
$4,007,143 |
| 9 |
$6,960,494 |
$2,535,713
$219,256 |
$4,205,525 |
| 10 |
$7,308,550 |
$2,664,494
$230,219 |
$4,413,837 |
| 11 |
$7,673,821 |
$2,799,644
$241,725 |
$4,632,452 |
| 12 |
$8,057,559 |
$2,941,627
$253,813 |
$4,862,119 |
| 13 |
$8,460,390 |
$3,090,675
$266,502 |
$5,103,213 |
| 14 |
$8,883,566 |
$3,247,250
$279,832 |
$5,356,484 |
| 15 |
$9,327,713 |
$3,411,584
$293,823 |
$5,622,306 |
| 16 |
$9,794,083 |
$3,584,141
$308,514 |
$5,901,428 |
| 17 |
$10,283,615 |
$3,765,268
$323,934 |
$6,194,413 |
| 18 |
$10,797,874 |
$3,955,544
$340,133 |
$6,502,197 |
| 19 |
$11,337,799 |
$4,155,316
$357,141 |
$6,825,342 |
| 20 |
$11,904,642 |
$4,365,048
$374,996 |
$7,164,598 |
| 21 |
$12,499,968 |
$4,585,319
$393,749 |
$7,520,900 |
| 22 |
$13,125,029 |
$4,816,591
$413,438 |
$7,895,000 |
| 23 |
$13,781,077 |
$5,059,329
$434,104 |
$8,287,644 |
| 24 |
$14,470,303 |
$5,314,342
$455,815 |
$8,700,146 |
| 25 |
$15,193,646 |
$5,581,979
$478,600 |
$9,133,067 |
| 26 |
$15,953,610 |
$5,863,166
$502,539 |
$9,587,905 |
| 27 |
$16,751,134 |
$6,158,250
$527,661 |
$10,065,223 |
| 28 |
$17,588,722 |
$6,468,158
$554,045 |
$10,566,519 |
| 29 |
$18,468,252 |
$6,793,584
$581,750 |
$11,092,918 |
| 30 |
$19,391,602 |
$7,135,223
$610,835 |
$11,645,544 |
|
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