The jackpot for the Powerball draw on Wed Jun 25, 2025, is projected to be $140 Million, with an option for a cash payout of $63 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 Wed Jun 25, 2025 |
|---|
| Draw Date | Wed Jun 25, 2025 | | Projected Jackpot | $140,000,000 | | Cash Value | $63,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $63,000,000 | | Federal Tax(24%) | $15,120,000 | | Additional Federal Tax | $8,150,330 | | State Tax(3.15%) | $1,984,500 | | Net Lumpsum Payment | $37,745,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,107,140 |
$739,972
$66,375 |
$1,300,793 |
| 2 |
$2,212,560 |
$778,978
$69,696 |
$1,363,886 |
| 3 |
$2,323,160 |
$819,900
$73,180 |
$1,430,080 |
| 4 |
$2,439,360 |
$862,894
$76,840 |
$1,499,626 |
| 5 |
$2,561,300 |
$908,011
$80,681 |
$1,572,608 |
| 6 |
$2,689,400 |
$955,408
$84,716 |
$1,649,276 |
| 7 |
$2,823,800 |
$1,005,136
$88,950 |
$1,729,714 |
| 8 |
$2,965,060 |
$1,057,403
$93,399 |
$1,814,258 |
| 9 |
$3,113,320 |
$1,112,259
$98,070 |
$1,902,991 |
| 10 |
$3,269,000 |
$1,169,860
$102,974 |
$1,996,166 |
| 11 |
$3,432,380 |
$1,230,311
$108,120 |
$2,093,949 |
| 12 |
$3,604,020 |
$1,293,818
$113,527 |
$2,196,675 |
| 13 |
$3,784,200 |
$1,360,484
$119,202 |
$2,304,514 |
| 14 |
$3,973,480 |
$1,430,518
$125,165 |
$2,417,797 |
| 15 |
$4,172,140 |
$1,504,022
$131,422 |
$2,536,696 |
| 16 |
$4,380,740 |
$1,581,204
$137,993 |
$2,661,543 |
| 17 |
$4,599,700 |
$1,662,219
$144,891 |
$2,792,590 |
| 18 |
$4,829,720 |
$1,747,327
$152,136 |
$2,930,257 |
| 19 |
$5,071,220 |
$1,836,682
$159,743 |
$3,074,795 |
| 20 |
$5,324,760 |
$1,930,492
$167,730 |
$3,226,538 |
| 21 |
$5,591,040 |
$2,029,015
$176,118 |
$3,385,907 |
| 22 |
$5,870,620 |
$2,132,460
$184,925 |
$3,553,235 |
| 23 |
$6,164,060 |
$2,241,033
$194,168 |
$3,728,859 |
| 24 |
$6,472,340 |
$2,355,096
$203,879 |
$3,913,365 |
| 25 |
$6,795,880 |
$2,474,806
$214,070 |
$4,107,004 |
| 26 |
$7,135,800 |
$2,600,576
$224,778 |
$4,310,446 |
| 27 |
$7,492,520 |
$2,732,563
$236,014 |
$4,523,943 |
| 28 |
$7,867,160 |
$2,871,180
$247,816 |
$4,748,164 |
| 29 |
$8,260,560 |
$3,016,738
$260,208 |
$4,983,614 |
| 30 |
$8,673,560 |
$3,169,548
$273,217 |
$5,230,795 |
|
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