Jackpot Analysis Indiana Powerball

Jackpot Analysis for Indiana Powerball
The jackpot for the Powerball draw on Sat Aug 9, 2025, is projected to be $482 Million, with an option for a cash payout of $218.9 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 Aug 9, 2025
Draw DateSat Aug 9, 2025
Projected Jackpot$482,000,000
Cash Value$218,900,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$218,900,000
Federal Tax(24%)$52,536,000
Additional Federal Tax$28,417,330
State Tax(3.15%)$6,895,350
Net Lumpsum Payment$131,051,320
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $7,254,582 $2,644,526
$228,519
$4,381,537
2 $7,617,528 $2,778,816
$239,952
$4,598,760
3 $7,998,308 $2,919,704
$251,947
$4,826,657
4 $8,398,368 $3,067,727
$264,549
$5,066,092
5 $8,818,190 $3,223,061
$277,773
$5,317,356
6 $9,259,220 $3,386,242
$291,665
$5,581,313
7 $9,721,940 $3,557,448
$306,241
$5,858,251
8 $10,208,278 $3,737,393
$321,561
$6,149,324
9 $10,718,716 $3,926,255
$337,640
$6,454,821
10 $11,254,700 $4,124,569
$354,523
$6,775,608
11 $11,817,194 $4,332,692
$372,242
$7,112,260
12 $12,408,126 $4,551,337
$390,856
$7,465,933
13 $13,028,460 $4,780,861
$410,396
$7,837,203
14 $13,680,124 $5,021,976
$430,924
$8,227,224
15 $14,364,082 $5,275,041
$452,469
$8,636,572
16 $15,082,262 $5,540,767
$475,091
$9,066,404
17 $15,836,110 $5,819,691
$498,837
$9,517,582
18 $16,628,036 $6,112,704
$523,783
$9,991,549
19 $17,459,486 $6,420,340
$549,974
$10,489,172
20 $18,332,388 $6,743,314
$577,470
$11,011,604
21 $19,249,152 $7,082,517
$606,348
$11,560,287
22 $20,211,706 $7,438,662
$636,669
$12,136,375
23 $21,221,978 $7,812,462
$668,492
$12,741,024
24 $22,283,342 $8,205,167
$701,925
$13,376,250
25 $23,397,244 $8,617,311
$737,013
$14,042,920
26 $24,567,540 $9,050,320
$773,878
$14,743,342
27 $25,795,676 $9,504,731
$812,564
$15,478,381
28 $27,085,508 $9,981,968
$853,194
$16,250,346
29 $28,439,928 $10,483,104
$895,858
$17,060,966
30 $29,861,828 $11,009,207
$940,648
$17,911,973