The jackpot for the Powerball draw on Sat Apr 26, 2025, is projected to be $168 Million, with an option for a cash payout of $77.1 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 Sat Apr 26, 2025 |
|---|
| Draw Date | Sat Apr 26, 2025 | | Projected Jackpot | $168,000,000 | | Cash Value | $77,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $77,100,000 | | Federal Tax(24%) | $18,504,000 | | Additional Federal Tax | $9,983,330 | | State Tax(3.15%) | $2,428,650 | | Net Lumpsum Payment | $46,184,020 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,528,568 |
$895,901
$79,650 |
$1,553,017 |
| 2 |
$2,655,072 |
$942,707
$83,635 |
$1,628,730 |
| 3 |
$2,787,792 |
$991,813
$87,815 |
$1,708,164 |
| 4 |
$2,927,232 |
$1,043,406
$92,208 |
$1,791,618 |
| 5 |
$3,073,560 |
$1,097,548
$96,817 |
$1,879,195 |
| 6 |
$3,227,280 |
$1,154,424
$101,659 |
$1,971,197 |
| 7 |
$3,388,560 |
$1,214,098
$106,740 |
$2,067,722 |
| 8 |
$3,558,072 |
$1,276,817
$112,079 |
$2,169,176 |
| 9 |
$3,735,984 |
$1,342,644
$117,683 |
$2,275,657 |
| 10 |
$3,922,800 |
$1,411,766
$123,568 |
$2,387,466 |
| 11 |
$4,118,856 |
$1,484,307
$129,744 |
$2,504,805 |
| 12 |
$4,324,824 |
$1,560,515
$136,232 |
$2,628,077 |
| 13 |
$4,541,040 |
$1,640,515
$143,043 |
$2,757,482 |
| 14 |
$4,768,176 |
$1,724,556
$150,198 |
$2,893,422 |
| 15 |
$5,006,568 |
$1,812,761
$157,707 |
$3,036,100 |
| 16 |
$5,256,888 |
$1,905,379
$165,592 |
$3,185,917 |
| 17 |
$5,519,640 |
$2,002,597
$173,869 |
$3,343,174 |
| 18 |
$5,795,664 |
$2,104,726
$182,563 |
$3,508,375 |
| 19 |
$6,085,464 |
$2,211,952
$191,692 |
$3,681,820 |
| 20 |
$6,389,712 |
$2,324,524
$201,276 |
$3,863,912 |
| 21 |
$6,709,248 |
$2,442,752
$211,341 |
$4,055,155 |
| 22 |
$7,044,744 |
$2,566,886
$221,909 |
$4,255,949 |
| 23 |
$7,396,872 |
$2,697,173
$233,001 |
$4,466,698 |
| 24 |
$7,766,808 |
$2,834,049
$244,654 |
$4,688,105 |
| 25 |
$8,155,056 |
$2,977,701
$256,884 |
$4,920,471 |
| 26 |
$8,562,960 |
$3,128,626
$269,733 |
$5,164,601 |
| 27 |
$8,991,024 |
$3,287,009
$283,217 |
$5,420,798 |
| 28 |
$9,440,592 |
$3,453,349
$297,379 |
$5,689,864 |
| 29 |
$9,912,672 |
$3,628,019
$312,249 |
$5,972,404 |
| 30 |
$10,408,272 |
$3,811,391
$327,861 |
$6,269,020 |
|
|
