The jackpot for the Powerball draw on Sat Sep 20, 2025, is projected to be $99 Million, with an option for a cash payout of $46.3 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 Sep 20, 2025 |
|---|
| Draw Date | Sat Sep 20, 2025 | | Projected Jackpot | $99,000,000 | | Cash Value | $46,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $46,300,000 | | Federal Tax(24%) | $11,112,000 | | Additional Federal Tax | $5,979,330 | | State Tax(3.15%) | $1,458,450 | | Net Lumpsum Payment | $27,750,220 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,490,049 |
$511,649
$46,937 |
$931,463 |
| 2 |
$1,564,596 |
$539,231
$49,285 |
$976,080 |
| 3 |
$1,642,806 |
$568,169
$51,748 |
$1,022,889 |
| 4 |
$1,724,976 |
$598,572
$54,337 |
$1,072,067 |
| 5 |
$1,811,205 |
$630,476
$57,053 |
$1,123,676 |
| 6 |
$1,901,790 |
$663,993
$59,906 |
$1,177,891 |
| 7 |
$1,996,830 |
$699,157
$62,900 |
$1,234,773 |
| 8 |
$2,096,721 |
$736,117
$66,047 |
$1,294,557 |
| 9 |
$2,201,562 |
$774,908
$69,349 |
$1,357,305 |
| 10 |
$2,311,650 |
$815,641
$72,817 |
$1,423,192 |
| 11 |
$2,427,183 |
$858,388
$76,456 |
$1,492,339 |
| 12 |
$2,548,557 |
$903,296
$80,280 |
$1,564,981 |
| 13 |
$2,675,970 |
$950,439
$84,293 |
$1,641,238 |
| 14 |
$2,809,818 |
$999,963
$88,509 |
$1,721,346 |
| 15 |
$2,950,299 |
$1,051,941
$92,934 |
$1,805,424 |
| 16 |
$3,097,809 |
$1,106,520
$97,581 |
$1,893,708 |
| 17 |
$3,252,645 |
$1,163,809
$102,458 |
$1,986,378 |
| 18 |
$3,415,302 |
$1,223,992
$107,582 |
$2,083,728 |
| 19 |
$3,586,077 |
$1,287,179
$112,961 |
$2,185,937 |
| 20 |
$3,765,366 |
$1,353,516
$118,609 |
$2,293,241 |
| 21 |
$3,953,664 |
$1,423,186
$124,540 |
$2,405,938 |
| 22 |
$4,151,367 |
$1,496,336
$130,768 |
$2,524,263 |
| 23 |
$4,358,871 |
$1,573,113
$137,304 |
$2,648,454 |
| 24 |
$4,576,869 |
$1,653,772
$144,171 |
$2,778,926 |
| 25 |
$4,805,658 |
$1,738,424
$151,378 |
$2,915,856 |
| 26 |
$5,046,030 |
$1,827,361
$158,950 |
$3,059,719 |
| 27 |
$5,298,282 |
$1,920,695
$166,896 |
$3,210,691 |
| 28 |
$5,563,206 |
$2,018,717
$175,241 |
$3,369,248 |
| 29 |
$5,841,396 |
$2,121,647
$184,004 |
$3,535,745 |
| 30 |
$6,133,446 |
$2,229,705
$193,204 |
$3,710,537 |
|
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