The jackpot for the Powerball draw on Wed Oct 8, 2025, is projected to be $223 Million, with an option for a cash payout of $104.4 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 Oct 8, 2025 |
|---|
| Draw Date | Wed Oct 8, 2025 | | Projected Jackpot | $223,000,000 | | Cash Value | $104,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $104,400,000 | | Federal Tax(24%) | $25,056,000 | | Additional Federal Tax | $13,532,330 | | State Tax(3.15%) | $3,288,600 | | Net Lumpsum Payment | $62,523,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,356,373 |
$1,202,188
$105,726 |
$2,048,459 |
| 2 |
$3,524,292 |
$1,264,318
$111,015 |
$2,148,959 |
| 3 |
$3,700,462 |
$1,329,501
$116,565 |
$2,254,396 |
| 4 |
$3,885,552 |
$1,397,985
$122,395 |
$2,365,172 |
| 5 |
$4,079,785 |
$1,469,851
$128,513 |
$2,481,421 |
| 6 |
$4,283,830 |
$1,545,347
$134,941 |
$2,603,542 |
| 7 |
$4,497,910 |
$1,624,557
$141,684 |
$2,731,669 |
| 8 |
$4,722,917 |
$1,707,810
$148,772 |
$2,866,335 |
| 9 |
$4,959,074 |
$1,795,188
$156,211 |
$3,007,675 |
| 10 |
$5,207,050 |
$1,886,939
$164,022 |
$3,156,089 |
| 11 |
$5,467,291 |
$1,983,228
$172,220 |
$3,311,843 |
| 12 |
$5,740,689 |
$2,084,385
$180,832 |
$3,475,472 |
| 13 |
$6,027,690 |
$2,190,576
$189,872 |
$3,647,242 |
| 14 |
$6,329,186 |
$2,302,129
$199,369 |
$3,827,688 |
| 15 |
$6,645,623 |
$2,419,211
$209,337 |
$4,017,075 |
| 16 |
$6,977,893 |
$2,542,151
$219,804 |
$4,215,938 |
| 17 |
$7,326,665 |
$2,671,196
$230,790 |
$4,424,679 |
| 18 |
$7,693,054 |
$2,806,760
$242,331 |
$4,643,963 |
| 19 |
$8,077,729 |
$2,949,090
$254,448 |
$4,874,191 |
| 20 |
$8,481,582 |
$3,098,516
$267,170 |
$5,115,896 |
| 21 |
$8,905,728 |
$3,255,450
$280,530 |
$5,369,748 |
| 22 |
$9,351,059 |
$3,420,222
$294,558 |
$5,636,279 |
| 23 |
$9,818,467 |
$3,593,163
$309,282 |
$5,916,022 |
| 24 |
$10,309,513 |
$3,774,850
$324,750 |
$6,209,913 |
| 25 |
$10,824,866 |
$3,965,531
$340,983 |
$6,518,352 |
| 26 |
$11,366,310 |
$4,165,865
$358,039 |
$6,842,406 |
| 27 |
$11,934,514 |
$4,376,101
$375,937 |
$7,182,476 |
| 28 |
$12,531,262 |
$4,596,897
$394,735 |
$7,539,630 |
| 29 |
$13,157,892 |
$4,828,750
$414,474 |
$7,914,668 |
| 30 |
$13,815,742 |
$5,072,155
$435,196 |
$8,308,391 |
|
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